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 / Sustainable performance plan version 2014

The sustainable performance plan and the sustainable performance plan version 2014 apply 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. Eligible managers are given an individual target amount in accordance with the significance of their responsibilities. The additional rules of this plan correspond to the provisions for the Management Board.

Sustainable performance plan / Sustainable performance plan version 2014

 Download XLS (22KB)

Tranche

End of the performance period

Starting price for the TSR component

Target amount executives as of 30/9/2015

2013/14

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

€29.73

€3,100,000

2014/15

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

€31.69

€23,400,000

The value of the tranches allotted in financial year 2014/15 as part of the sustainable performance plan version 2014 amounted to €33.7 million at the time of granting (previous year sustainable performance plan: €2.3 million) and was calculated by external experts using recognised financial-mathematical methods.

Performance share plan

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 the 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

 Download XLS (22KB)

Tranche

End of vesting period

Three-month average price before grant

Number of performance shares for executives as of 30/9/2015

2009

August 2012

€36.67

Expired

2010

August 2013

€42.91

Expired

2011

August 2014

€41.73

278,696

2012

April 2015

€29.18

421,179

2013

April 2016

€22.84

582,750

The vesting period for the 2011 and 2012 tranches ended in August 2014 and April 2015, respectively. No payouts from these tranches were made in financial year 2014/15.