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Stora Enso resolved on two new long-term incentive plans for key employees

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Stora Enso has announced two new share-based incentive plans for key employees, targeting approximately 300 employees with a maximum plan opportunity of EUR 20 million. The plans include the Performance Share Plan 2025-2027 and Restricted Share Unit Plan 2025-2027.

The Performance Share Plan's rewards will be based on earnings per share, total shareholder return, CO2 emission reduction, and gender balance in managerial positions. The Restricted Share Unit Plan will run until December 31, 2027. Both plans will deliver rewards in Stora Enso R shares and cash, with the cash portion covering taxes and social security contributions.

Group Leadership Team members are expected to maintain company shares valued at their gross salary during their membership.

Stora Enso ha annunciato due nuovi piani di incentivazione basati sulle azioni per i dipendenti chiave, rivolgendosi a circa 300 dipendenti con un'opportunità massima del piano di 20 milioni di euro. I piani includono il Performance Share Plan 2025-2027 e il Restricted Share Unit Plan 2025-2027.

Le ricompense del Performance Share Plan saranno basate sull'utile per azione, il rendimento totale per gli azionisti, la riduzione delle emissioni di CO2 e l'equilibrio di genere nelle posizioni di gestione. Il Restricted Share Unit Plan sarà attivo fino al 31 dicembre 2027. Entrambi i piani forniranno ricompense in azioni R di Stora Enso e in contante, con la parte in contante a coprire tasse e contributi previdenziali.

I membri del Group Leadership Team sono tenuti a mantenere azioni aziendali dal valore equivalente al loro stipendio lordo durante il loro mandato.

Stora Enso ha anunciado dos nuevos planes de incentivos basados en acciones para empleados clave, dirigidos a aproximadamente 300 empleados con una oportunidad máxima de plan de 20 millones de euros. Los planes incluyen el Performance Share Plan 2025-2027 y el Restricted Share Unit Plan 2025-2027.

Las recompensas del Performance Share Plan se basarán en las ganancias por acción, el retorno total para los accionistas, la reducción de emisiones de CO2 y el equilibrio de género en posiciones directivas. El Restricted Share Unit Plan se llevará a cabo hasta el 31 de diciembre de 2027. Ambos planes entregarán recompensas en acciones R de Stora Enso y en efectivo, con la parte en efectivo cubriendo impuestos y contribuciones a la seguridad social.

Se espera que los miembros del Grupo de Liderazgo mantengan acciones de la empresa valoradas en su salario bruto durante su membresía.

Stora Enso는 약 300명의 주요 직원들을 대상으로 최대 2000만 유로의 기회가 있는 두 가지 새로운 주식 기반 인센티브 계획을 발표했습니다. 이 계획에는 Performance Share Plan 2025-2027Restricted Share Unit Plan 2025-2027이 포함됩니다.

Performance Share Plan의 보상은 주당 순이익, 총 주주 수익, CO2 배출 감소 및 관리직 성비에 따라 결정됩니다. Restricted Share Unit Plan은 2027년 12월 31일까지 진행됩니다. 두 계획 모두 Stora Enso R 주식과 현금으로 보상을 제공하며, 현금 부분은 세금과 사회 보장 기여금을 충당합니다.

그룹 리더십 팀의 구성원은 재직 기간 동안 총 급여에 해당하는 가치의 회사 주식을 유지해야 합니다.

Stora Enso a annoncé deux nouveaux plans d'incitation basés sur des actions pour des employés clés, ciblant environ 300 employés avec une opportunité maximale de plan de 20 millions d'euros. Les plans incluent le Performance Share Plan 2025-2027 et le Restricted Share Unit Plan 2025-2027.

Les récompenses du Performance Share Plan seront basées sur le bénéfice par action, le rendement total pour les actionnaires, la réduction des émissions de CO2 et l'équilibre entre les sexes dans les postes de direction. Le Restricted Share Unit Plan sera valable jusqu'au 31 décembre 2027. Les deux plans fourniront des récompenses en actions R de Stora Enso et en espèces, la partie en espèces couvrant les impôts et les cotisations de sécurité sociale.

Les membres de l'équipe de direction du groupe sont censés maintenir des actions de l'entreprise d'une valeur égale à leur salaire brut pendant leur mandat.

Stora Enso hat zwei neue aktienbasierte Anreizpläne für Schlüsselmitarbeiter angekündigt, die sich an etwa 300 Mitarbeiter richten mit einer maximalen Planmöglichkeit von 20 Millionen Euro. Die Pläne umfassen den Performance Share Plan 2025-2027 und den Restricted Share Unit Plan 2025-2027.

Die Belohnungen des Performance Share Plans basieren auf dem Gewinn pro Aktie, der Gesamtrendite für die Aktionäre, der Reduzierung der CO2-Emissionen und dem Geschlechterverhältnis in Führungspositionen. Der Restricted Share Unit Plan gilt bis zum 31. Dezember 2027. Beide Pläne bieten Belohnungen in Stora Enso R Aktien und in bar, wobei der Baranteil Steuern und Sozialversicherungsbeiträge abdeckt.

Die Mitglieder des Group Leadership Teams sollen während ihrer Amtszeit Unternehmensanteile in Höhe ihres Bruttogehalts halten.

Positive
  • Implementation of performance-based incentive plans aligned with shareholder interests
  • Integration of ESG metrics (CO2 reduction, gender balance) into performance measures
  • Share holding requirements for leadership team ensures management alignment with shareholders
Negative
  • EUR 20 million maximum cost impact on company finances
  • Potential share dilution from new share issuance

STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 December 2024 at 9:00 EET

HELSINKI, Dec. 12, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries. Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees. The Group carefully aligns remuneration elements with its strategy and long-term financial interests.

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 the maximum plan opportunity is EUR 20 million at the time of grant. The potential rewards will be delivered as Stora Enso R shares and cash. The cash proportion is intended to cover taxes and statutory social security contributions arising from the reward to the recipient.

Performance Share Plan 2025–2027

The Performance Share Plan 2025–2027 consists of one performance period, covering the financial years 2025–2027.

In the plan, the target group has an opportunity to earn Stora Enso Oyj shares based on performance. The performance measures of the plan are earnings per share (EPS), total shareholder return (TSR), CO2 emission reduction, and gender balance in managerial positions. The potential rewards from the plan will be allocated after the end of the vesting period. As a rule, no reward will be paid if the participant's employment or service terminates before the end of the performance period.

The target group consists of key individuals, including the CEO and other members of the Group Leadership Team.

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 gross salary as long as the membership in the Group Leadership Team continues.

Restricted Share Unit Plan 2025–2027

The Restricted Share Unit Plan 2025–2027 is directed to key employees of the Group. The plan consists of one plan period which ends on 31 December 2027. The rewards from the plan will be paid after the end of the plan period. As a rule, no reward will be paid if the participant's employment or service terminates before the end of the plan period.

Stora Enso Oyj
Board of Directors

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors  

For further information, please contact: 
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349 

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-resolved-on-two-new-long-term-incentive-plans-for-key-employees,c4081201

 

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SOURCE Stora Enso Oyj

FAQ

What is the maximum value of Stora Enso's (SEOAY) new incentive plans for 2025-2027?

The maximum plan opportunity for both incentive plans combined is EUR 20 million at the time of grant.

How many employees will be covered by Stora Enso's (SEOAY) new incentive plans?

The combined target group for both incentive plans consists of approximately 300 employees.

What are the performance metrics for Stora Enso's (SEOAY) 2025-2027 Performance Share Plan?

The performance metrics include earnings per share (EPS), total shareholder return (TSR), CO2 emission reduction, and gender balance in managerial positions.

When will Stora Enso (SEOAY) distribute rewards for the Restricted Share Unit Plan 2025-2027?

The rewards from the Restricted Share Unit Plan will be paid after the end of the plan period, which concludes on December 31, 2027.

What shareholding requirements apply to Stora Enso's (SEOAY) Group Leadership Team?

Group Leadership Team members are expected to hold company shares valued at their gross salary for the duration of their membership.

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