CGCBV Cargotec Oyj Class B

Cargotec's Board of Directors has approved new share-based key employee incentive programmes

Cargotec's Board of Directors has approved new share-based key employee incentive programmes

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 DECEMBER 2024 AT 3:40 PM (EET)

Cargotec's Board of Directors has approved new share-based key employee incentive programmes

The Board of Directors of Cargotec Corporation (the "Company") has resolved to establish new share-based incentive programmes for the Company’s management and selected key employees. The programmes include a Performance Share Programme (also “PSP”) and a Restricted Share Programme (also “RSP”) as a complementary structure for specific situations.

The programmes aim to combine the objectives of the shareholders and the key employees to increase the Company's shareholder value in the long-term, to commit the key employees to implement the Company's strategy and offer them a competitive reward programme based on the earnings of the Company's shares. 

The Performance Share Programme includes calendar years 2025–2027 as a performance period. The potential rewards thereunder will be paid in spring 2028. The performance criterion based on which the potential reward will be paid is the Company’s earnings per share (EPS).

The programme targets approximately 70 selected key employees, including the Company’s Leadership Team members. 

If the performance criterion is fully achieved, the maximum number of the Company’s class B shares to be paid based on the programme is approximately 90,000. In addition to the rewards payable in shares, the rewards include a cash portion intended to cover the taxes and tax-related costs arising to the key employees from the reward.

In addition, the Board of Directors of Cargotec Corporation has resolved to establish a new Restricted Share Programme for calendar years 2025–2027. The purpose of the Programme is to serve as a complementary long-term retention tool for individually selected employees of the Company in specific situations.

The programme comprises a retention period with a length of the entire programme, followed by the payment of the share rewards granted within the programme in the spring of 2028. 

The maximum number of the Company’s class B shares to be paid based on the programme is approximately 10,000. In addition to the rewards payable in shares, the rewards include a cash portion intended to cover the taxes and tax-related costs arising to the key employees from the reward.

Besides the earning opportunity specified for each participant in shares, the value of the rewards payable based on the incentive programmes is limited by a maximum cap linked to the company’s share price development. 

Cargotec Corporation

The Board of Directors

For further information, please contact:

Laura Salminen, Vice President, Performance and Rewards, tel. +358 50 401 4462

Aki Vesikallio, Vice President, Investor Relations, tel. 0

Cargotec’s (Nasdaq Helsinki: CGCBV) businesses Hiab and MacGregor enable smarter cargo flow for a better everyday with leading cargo handling solutions and services. Hiab is a leading provider of smart and sustainable on road load-handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. MacGregor is a leader in sustainable maritime cargo and load handling with a strong portfolio of products, services and solutions. Cargotec's sales in 2023 totalled approximately EUR 2.5 billion and it employs over 6,000 people.



EN
19/12/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Cargotec Oyj Class B

 PRESS RELEASE

Cargotec’s restated financial information for 2023 and Q1-Q3 2024, Mac...

Cargotec’s restated financial information for 2023 and Q1-Q3 2024, MacGregor will be presented as discontinued operations due to the signed sales agreement CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 7 JANUARY 2025 AT 3:00 PM (EET) Cargotec’s restated financial information for 2023 and Q1-Q3 2024, MacGregor will be presented as discontinued operations due to the signed sales agreement As announced in a stock exchange release on 14 November 2024, Cargotec Corporation (“Cargotec”) has signed an agreement to sell its MacGregor business area (“MacGregor”) ("the Transaction"). The closing da...

 PRESS RELEASE

Cargotecin oikaistut taloudelliset tiedot vuodelta 2023 ja 2024 aiemmi...

Cargotecin oikaistut taloudelliset tiedot vuodelta 2023 ja 2024 aiemmilta vuosineljänneksiltä, MacGregor esitetään lopetettuna toimintona allekirjoitetun myyntisopimuksen vuoksi CARGOTEC OYJ, PÖRSSITIEDOTE, 7. TAMMIKUUTA 2025 KLO 15.00 Cargotecin oikaistut taloudelliset tiedot vuodelta 2023 ja 2024 aiemmilta vuosineljänneksiltä, MacGregor esitetään lopetettuna toimintona allekirjoitetun myyntisopimuksen vuoksi 14.11.2024 julkaistun pörssitiedotteen mukaisesti Cargotec Oyj (“Cargotec”) on allekirjoittanut sopimuksen MacGregor-liiketoiminnan ("MacGregor") myynnistä ("Transaktio"). Transakti...

 PRESS RELEASE

Correction: Cargotec's financial information in 2025

Correction: Cargotec's financial information in 2025 CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 DECEMBER 2024 AT 17:00 PM (EET) Correction: Cargotec's financial information in 2025 Cargotec Corporation corrects its stock exchange release published on 19 December 2024 at 3.30 PM, which concerned Cargotec’s financial information in 2025. The original stock exchange release erroneously contained the wrong date for the company’s Annual General Meeting. The corrected stock exchange release is included below in its entirety. ***  Cargotec Corporation will disclose the following financ...

 PRESS RELEASE

Korjaustiedote: Cargotecin taloudelliset tiedotteet vuonna 2025

Korjaustiedote: Cargotecin taloudelliset tiedotteet vuonna 2025 CARGOTEC OYJ, PÖRSSITIEDOTE, 19.12.2024 KLO 17.00 Korjaustiedote: Cargotecin taloudelliset tiedotteet vuonna 2025 Cargotec Oyj korjaa 19.12.2024 kello 15.30 julkaistua pörssitiedotetta koskien vuoden 2025 taloudellisia tiedotteita. Cargotec Oyj:n varsinaisen yhtiökokouksen päivä oli ilmoitettu virheellisesti alkuperäisessä tiedotteessa. Korjattu tiedote, josta kyseinen virheellinen tieto on korjattu, on kokonaisuudessaan alla. *** Cargotec Oyj julkaisee vuonna 2025 seuraavat taloudelliset tiedotteet: Tilinpäätöstiedote 20...

 PRESS RELEASE

Cargotec's Board of Directors has approved new share-based key employe...

Cargotec's Board of Directors has approved new share-based key employee incentive programmes CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 DECEMBER 2024 AT 3:40 PM (EET) Cargotec's Board of Directors has approved new share-based key employee incentive programmes The Board of Directors of Cargotec Corporation (the "Company") has resolved to establish new share-based incentive programmes for the Company’s management and selected key employees. The programmes include a Performance Share Programme (also “PSP”) and a Restricted Share Programme (also “RSP”) as a complementary structure for s...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch