Outokumpu Corporation
Stock exchange release
December 3, 2024 at 4.00 pm EET
Outokumpu’s next plan period for share-based programs
The Board of Directors has now approved the commencement of Outokumpu’s share-based programs, Performance Share Plan and Restricted Share Pool, for the period 2025–2027. The plans commence at the beginning of 2025.
The earning criteria of the Performance Share Plan (PSP) for this period are Outokumpu’s return on capital employed (80% weight) and CO2 emissions per ton of crude steel produced (20% weight). Both criteria must be met for the plan to pay out. The maximum number of participants in the plan period 2025–2027 is 200 key employees. The maximum number of gross shares (taxes included) that can be allocated is 3,700,000.
The Restricted Share Pool (RSP) is used for a limited number of employees, i.e., key recruitments, exceptional performance, high potential, retention need, and other individual specific situations. The maximum number of gross shares (taxes included) that can be allocated is 250,000 shares for the plan period 2025–2027.
The share rewards will be distributed in the spring of 2026 (RSP’s first tranche), 2027 (RSP’s second tranche) and 2028 (RSP’s third tranche and PSP), if the employment conditions and performance criterion are met. Applicable taxes will be deducted from gross shares, and the remaining net value will be delivered to the participants in Outokumpu shares.
More information on share-based programs and their terms is available at www.outokumpu.com/en/investors/governance/remuneration/share-based-incentive-programs.
For more information:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
Media: Päivi Allenius, SVP – Communications, tel. +358 40 753 7374 or Outokumpu media desk, tel. +358 40 351 9840
Outokumpu Corporation
Outokumpu is accelerating the green transition as the global leader in sustainable stainless steel. Our business is based on the circular economy: our products are made from 95% recycled materials, which we then turn into fully recyclable stainless steel. This steel is utilized in various applications across society, including infrastructure, mobility, and household appliances. We are committed to 1.5°C target to mitigate climate change, and with up to 75% lower carbon footprint than the industry average, we support our customers to reduce their emissions. Together, we are working towards a world that lasts forever. Outokumpu Corporation employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. Read more: www.outokumpu.com
About The Author
