Stora Enso resolved on two new long-term incentive plans for key employees
The purpose of the plans is to align the key employees' interests with those of the shareholders to increase the Company's value in the long term, as well as to retain the key employees and offer them competitive share-based incentive schemes. The total combined target group for both plans consist of approximately 300 employees and an approximate maximum of 1.6 million Stora Enso R shares as potential rewards, including the proportion to be paid in cash. The cash proportion is intended to cover taxes and statutory social security contributions arising from the reward to the recipient.
Performance Share Plan 2024–2026
The Performance Share Plan 2024–2026 consists of one performance period, covering the financial years 2024–2026.
In the plan, the target group has an opportunity to be rewarded
The target group consists of key individuals, including the members of the Group Leadership Team (excluding the President and CEO). In connection with the appointment of the new President and CEO in
Upon reward payment, the reward amount may be decreased if the Company's share price is above the reward cap level determined by the Board of Directors.
The Company recommends and expects the members of the Group Leadership Team to hold the Company's shares at a value corresponding to the participant's annual gross salary as long as the membership in the Group Leadership Team continues.
Restricted Share Unit Plan 2024–2026
The Restricted Share Unit Plan 2024–2026 is directed to key employees of the Group. The plan consists of one plan period which ends on
Board of Directors
For further information, please contact:
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
Part of the global bioeconomy,
View original content:https://www.prnewswire.co.uk/news-releases/stora-enso-resolved-on-two-new-long-term-incentive-plans-for-key-employees-302050241.html