Core Viewpoint - Marimekko Corporation has established a new share-based long-term incentive plan for its management to align their interests with shareholders and enhance the company's long-term value [1] Group 1: Incentive Plan Overview - The new incentive plan is designed to commit the Management Group to the company's strategy and objectives while providing a competitive reward system based on the performance and accumulation of shares [1] - The Performance Share Plan for 2026–2030 includes four performance periods covering financial years 2026–2027, 2026–2028, 2027–2029, and 2028–2030 [2] Group 2: Reward Structure - The Management Group can earn Marimekko shares based on performance, with rewards paid in spring after each performance period, consisting of both shares and cash [3] - The cash portion of the reward is intended to cover taxes and social security contributions, and the total rewards are capped at limits set by the Board of Directors [3] Group 3: Holding Period and Performance Criteria - Shares awarded are subject to a two-year holding period during which they cannot be sold or transferred [4] - Performance criteria for the periods 2026–2027 and 2026–2028 are based on total shareholder return and operating profit margin, with maximum rewards of 50,000 shares for 2026–2027 and 103,000 shares for 2026–2028 if targets are fully met [5] Group 4: Company Profile - Marimekko is a Finnish lifestyle design company known for its unique prints and colors, with a product portfolio that includes clothing, bags, accessories, and home décor [6] - In 2024, Marimekko reported net sales of EUR 183 million and a comparable operating profit margin of 17.5 percent, operating approximately 170 stores globally and serving customers in 39 countries [6]
Marimekko establishes a new share-based long-term incentive plan for the management
Globenewswire·2026-02-12 05:55