CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 APRIL 2023 AT 9:15 AM EEST
Cargotec's Board of Directors decided on new incentive programme for the Group's key employees
The Board of Directors of Cargotec Corporation has decided to establish a new share-based incentive programme for the Group key employees. The reward from the new Restricted Share Unit Programme 2023-2025 is conditional on the achievement of strategic goals set by the Board of Directors. In addition, the reward is based on a valid employment or service and the continuity of the employment or service. The reward is paid in the beginning of 2025. The shares received as a reward from the programme may not be sold, transferred, pledged or otherwise assigned during a lock-up period which ends six months after the reward payment. The Programme is intended for approximately 50 Cargotec Group's key employees, including selected Leadership Team members. The rewards to be allocated on the basis of the Programme will amount up to an approximate maximum total of 268,750 Cargotec Corporation class B shares. In addition, a cash proportion is included in the reward to cover taxes and tax-related costs arising from the reward.
Cargotec Corporation
The Board of Directors
For more information, please contact:
Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670
Vesa-Pekka Lankinen, Vice President, Performance and Rewards, tel. +358 20 777 4113
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed the United Nations Global Compact Business Ambition for 1.5°C. The company's sales in 2022 totalled approximately EUR 4.1 billion and it employs around 11,500 people. www.cargotec.com
