Vaisala’s Board of Directors approved a Performance Share Plan for company’s key employees. The aim of the incentive plan is to support execution of Vaisala’s growth strategy, align the objectives of Vaisala’s shareholders and key employees in order to increase the value of the company in the long-term and commit key employees to the company.
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Potential rewards from the Performance Share Plan 2024–2026 will be based on the total shareholder return of Vaisala’s share (TSR) and operating result during the performance period. The rewards to be paid on the basis of the Performance Share Plan 2024–2026, in the event that maximum performance against all the performance criteria is achieved, correspond to the value of an aggregate 295,000 Vaisala’s series A shares, including the proportion to be paid in cash. Approximately 65 key employees will be nominated to the plan, including members of Vaisala’s Leadership Team.
Potential rewards from the Performance Share Plan 2024–2026 will be paid partly in Vaisala’s series A share and partly in cash in 2027. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to participants. According to the terms and conditions, the rewards will be paid to participants whose employment or service continues at the time of the payment.
Vaisala’s Board of Directors also requires, that the President and CEO and each member of Vaisala’s Leadership Team will retain their ownership of the shares received under this plan until the value of their ownership in Vaisala corresponds to at least their annual gross base salary.
