Rapala VMC Corporation has announced the establishment of a new share-based incentive plan for its key employees, aiming to align their interests with those of the company's shareholders. The plan, covering the period from 2025 to 2027, will involve awarding a maximum of 544,000 shares, partially paid in cash to cover taxes and social security contributions. Key employees, including the CEO and Management Team members, will be required to retain a portion of their shares until their shareholding reaches a specified percentage of their annual base salary. The performance plan includes three periods, with specific criteria focused on leverage, EBIT, and Total Shareholder Return, targeting around 60 key employees. Rewards will be distributed following each performance period.
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