Benefits granted

 

Philippe Palazzi2

 

Chief Operating Officer
Member of the Management Board
from 7/5/2018 until 31/5/2020

 

2018/19

2019/20

2019/20

2019/20

€1,000

 

 

Minimum
value

Maximum value

Fixed salary

700

467

467

467

Supplemental benefits

270

141

141

180

Total

970

608

608

647

1-year variable remuneration3

540

360

0

720

Multi-year variable remuneration

 

 

 

 

Performance Share Plan – tranche 2018/194

701

–

–

–

Performance Share Plan – tranche 2019/205

–

–

–

–

Total

2,211

968

608

1,367

Pension expenditure

–

–

–

–

Total remuneration

2,211

968

608

1,367

1

The employer contribution to establish a pension scheme, the use of which can be determined individually, is reported as a supplemental benefit.

2

The tranches of the long-term incentive granted to Mr Palazzi have lapsed. The employer contribution to establish a pension scheme, the use of which can be determined individually, is reported as a supplemental benefit. His appointment as a member of the Management Board ended on 31 March 2020.

3

The figures shown here relate to the short-term incentive excluding any special bonuses.

4

Shown here is the fair value at the time of granting the tranche. (Allocation 15/4/2019, end of performance period after the 40th trading day following the Annual General Meeting 3 years after the issuance of the tranche.)

5

Shown here is the fair value of the tranche, taking into account the revised performance targets. (Allocation 15/4/2020, end of performance period after the 40th trading day following the Annual General Meeting 3 years after the issuance of the tranche.)