Long-term incentive for executives

Pursuant to the recommendation in Subsection 7.1.3 of the German Corporate Governance Code, the share-based compensation of executives of METRO GROUP will also be reported in the following section.

Sustainable performance plan 2013/14–2015/16

The sustainable performance plan 2013/14–2015/16 applies not only to the members of the Management Board, but also to high-level executives of METRO AG as well as to high-level managing directors and executives of METRO GROUP companies. Under this scheme, eligible managers are given an individual target amount as part of the sustainable performance plan (target value) in accordance with the significance of their responsibilities. The additional rules of this plan correspond to provisions for the Management Board.

Sustainable performance plan (tranches 2013/14–2015/16)

 Download XLS (22KB)

Tranche

End of the performance period

Starting price for the TSR component

Target amount executives as of 30/9/2014

2013/14

41st trading day following the Annual General Meeting three years after the issuance of the tranche

€29.73

€3,355,000

The value of the tranches allotted in financial year 2013/14 as part of the sustainable performance plan amounted to €2.3 million at the time of allotment (previous year performance share plan 9M 2013: €17.3 million) and was calculated by external experts using recognised financial-mathematical methods.

Performance share plan 2009–2013

The performance share plan 2009–2013 also applies not only to the members of the Management Board, but also to high-level executives of METRO AG as well as to high-level managing directors and executives of METRO GROUP companies. Under this scheme, eligible managers are given an individual target amount as part of the performance share plan (target value) in accordance with the significance of their responsibilities. The additional rules of this plan correspond to provisions for the Management Board.

With the performance share plan, the share ownership guidelines were also applied to this group of eligible individuals. The required investment volume generally amounts to approximately 50 per cent of the individual target value.

Like those for the Management Board, the following conditions apply:

Performance share plan (tranches 2009–2013)

 Download XLS (22KB)

Tranche

End of the blocking period

Three-month average price before allotment

Number of Management Board performance shares as of 30/09/2014

2009

August 2012

€36.67

Expired

2010

August 2013

€42.91

252,125

2011

August 2014

€41.73

289,993

2012

April 2015

€29.18

465,434

2013

April 2016

€22.84

647,535

The blocking period for the 2010 and 2011 tranches ended in August 2013 and August 2014 respectively. No payouts from these tranches were made to members of the Management Board in financial year 2013/14.