Share - based incentive plans
Search documents
Kalmar’s Board of Directors has decided on new share-based incentive plans
Globenewswire· 2025-12-19 14:45
Core Points - Kalmar's Board of Directors has initiated new share-based long-term incentive plans for the years 2026–2028, including the Performance Share Plan (PSP) and the Restricted Share Plan (RSP) [1][2] Group 1: Performance Share Plan (PSP) 2026–2028 - The PSP will commence in January 2026 and conclude in December 2028, with potential share rewards delivered in the first half of 2029, contingent on performance targets being met [4] - Performance criteria for the PSP include total shareholder return (absolute TSR), revenue growth in the Services segment, and sustainability targets related to CO2 emission reduction and increasing the share of women in senior and leadership positions [5] - If all performance targets are fully achieved, the maximum number of shares to be awarded under the PSP is approximately 250,000 shares, with applicable taxes deducted before delivery [6] Group 2: Restricted Share Plan (RSP) 2026–2028 - The RSP will also begin in January 2026, allowing the company to grant fixed share rewards to selected key employees, with payments made in class B shares by the end of the restriction period, no later than the first half of 2029 [7] - The maximum number of shares to be awarded under the RSP is approximately 25,000 shares, with applicable taxes deducted before delivery [8] Group 3: Other Terms and Conditions - The value of rewards under both plans is capped based on the company's share price development [9] - If an individual's employment ends before the reward payment, they generally forfeit their entitlement to the reward [9] - Kalmar has a share ownership recommendation for the President and CEO and Leadership Team members, requiring them to retain at least half of the shares received until their ownership equals at least their annual gross base salary [10]