Valid share-based incentive programs

Share-based incentive program 2014-2018

On February 12, 2014, the Board of Directors of Raute Cor­poration decided on the establishment of a new long-term performance based share incentive program (Performance Share Plan) for Raute Group's top management. The aim of the plan is to align the objectives of the Company's owners and the management in order to i.a. develop the compa­ny value and to commit the management to the Company through offering them a competitive incentive system based on ownership of the Company's shares.

The plan includes three individual share plans, commencing in 2014, 2015 and 2016. 

The length of each share plan is three years consisting of

  • a one-year performance and
  • a two-year restriction period following the performance period.

During the restriction period the development of the value of the reward is based on the development of the value of the Company's share. The par­ticipant of the program may not sell or otherwise transfer the shares received as a reward during the restriction peri­od.

The Board of Directors of the Company decides separately on the participants of each commencing share plan and on the performance criteria applicable to the performance pe­riod of each share plan, the target setting thereof and the target and maximum levels of the payable reward.

Terms and conditions of the Share-based incentive program 2014-2018

Share plan 2014

The share plan 2014 included 11 members of the Group's top manage­ment as participants, including the members of the Execu­tive Board. The performance criteria of the share plan 2014 were earnings per share (EPS) and revenue growth. No share reward was paid for the earning period 2014.

Share plan 2015

The share plan 2015 included 11 members of the Group's top manage­ment as participants, including the members of the Execu­tive Board. The performance criteria of the share plan 2015 were earnings per share (EPS) and revenue growth. The Board of Directors has confirmed the amounts of the personal bonuses to be paid for the 2015 earnings period on March 2, 2016, of which the portion to be paid in shares is altogether 14,523 series A shares. No shares or cash were issued under the plan in 2015. The vesting period ends at the beginning of 2018.

Share plan 2016

The share plan 2016 includes 12 members of the Group's top manage­ment as participants, including the members of the Execu­tive Board. The performance criteria of the share plan 2016 were earnings per share (EPS) and revenue growth.