F-Secure Corporation – New incentive plans 2022–2024 for management and key employees of F-Secure Corporation based on company’s share-based long-term incentive schemes
16 Febrero 2022 - 11:55PM
F-Secure Corporation – New incentive plans 2022–2024 for management
and key employees of F-Secure Corporation based on company’s
share-based long-term incentive schemes
F-Secure Corporation, Stock Exchange Release, 17 February 2022,
7.55 EET
F-Secure Corporation – New incentive
plans 2022–2024 for management and key employees of F-Secure
Corporation based on company’s share-based long-term incentive
schemes
Performance Share Plan (PSP)
2022–2024
In 2020, F-Secure took into use a share-based
long-term incentive scheme, based on which the Board of Directors
can decide on annually commencing Performance Share Plan (PSP).
Each plan includes a maximum of three-year performance period. The
scheme was announced for first time on 12 February 2020.
The Board of Directors of F-Secure Corporation
has decided, based on the abovementioned scheme, on a new
Performance Share Plan for the years 2022–2024.
The new plan, PSP 2022–2024, will commence in
2022 and the performance criteria for this plan will be F-Secure’s
total shareholder return (TSR).
If all the performance targets set for PSP
2022–2024 are fully achieved, the aggregate maximum number of share
rewards to be paid in the first half of 2025 is approximately
2,200,000 shares. This number of shares represents a gross earning,
from which the applicable payroll tax is withheld and the remaining
net value is paid in shares to the key employees participating to
the plan.
The plan is offered to the management and
selected key employees of F-Secure. Approximately maximum of 130
key individuals will become eligible to participate in the plan,
based on a decision of the Board of Directors. If the individual’s
employment with F-Secure terminates before the payment date of the
share reward, the individual is not, as a main rule, entitled to
any reward based on the plan.
Restricted Share Plan (RSP)
2022–2024
In 2020, F-Secure took into use also a
Restricted Share Plan as complementary share-based long-term
incentive scheme. Board of Directors can decide on annually
commencing incentive plans (RSP). Each plan includes a maximum of
three-year restriction period. The RSP structure is targeted to
individually selected key employees of F-Secure Corporation. The
scheme was announced for first time on 29 September 2020.
The Board of Directors of F-Secure Corporation
has decided, based on the abovementioned scheme, on a new
Restricted Share Plan for the years 2022–2024.
The aggregate maximum number of shares which may
become payable based on RSP 2022–2024 in the first half of 2025 is
500,000 shares. The amount of shares represents gross earnings,
from which the applicable payroll tax is withheld and the remaining
net value is paid to the participants in shares. If the
individual’s employment with F-Secure terminates before the payment
date of the share reward, the individual is not, as a main rule,
entitled to any reward based on the plan.
Contact information:
Tom Jansson, CFO, F-Secure Corporation+358 40
700 1849investor-relations@f-secure.com
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