Airbus - 2022 Universal Registration Document
4. Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers
d) Long-Term Incentive Plan 2022 Grant
In 2022, under the Company’s LTIP, the Board decided to grant only Performance Shares, and no Performance Units. This applies to the CEO as well as to all beneficiaries of LTIP. The value of the Performance Share award has been capped at 100% of the Base Salary, in line with the current Remuneration Policy as validated by the AGM 2020, which then represents one third of the CEO’s target Total Direct Compensation. The table below gives an overview of the Performance Shares granted to the CEO in 2022 pursuant to the LTIP:
SHARE PLAN: NUMBER OF PERFORMANCE SHARES
Granted in 2022
Vesting dates
Guillaume Faury
14,115
Vesting schedule is made up of one tranche expected in May 2026
The grants in 2022 were performed in compliance with the performance measures (average EPS (75%) and cumulative FCF (25%)) described in paragraph 4.2.1.1 item e). As per the current Remuneration Policy, the Performance Shares granted in 2021 will vest in one tranche in May 2026. Vesting Values in 2022 In 2022, the CEO received both cash payments and vested shares in connection with the vesting of 2017 and 2018 LTIP awards: – Cash: the total cash payment to the CEO amounted to €226,388 in 2022. – Shares: in connection with the 2018 LTIP award, the CEO received 2,104 vested shares on 12 May 2022. LTIP overview: granting and vesting
Units with performance achievement
Date of grants
Grant Type Number
Share price at grant
Value at grant date
Performance achievement
Dates of vesting
Share value at vesting dates(*)
1 st vesting 5 May 2021 € 100.25 2 nd vesting 12 May 2022 € 105.15 5 May 2021 € 97.58 1 st vesting 12 May 2022 € 105.15 12 May 2022 € 104.4
2 vestings in 2021 – 2022
2017
Unit
4,404
€ 73.81 € 325,059
50%
2,202
1 vesting in 2021
2017
Share
4,404
€ 73.81 € 325,059
50%
2,202
2 vestings in 2022 – 2023
2018
Unit
4,208
€ 106.94 € 450,004
50%
2,104
1 vesting in 2022 2 vestings in 2023 – 2024 1 vesting in 2023 2 vestings in 2024 – 2025 1 vesting in 2024 1 vesting in 2025 1 vesting in 2026
2018
Share
4,208
€ 106.94 € 450,004
50%
2,104
Not yet known
2019
Unit
5,530
€ 122.06 € 674,992
50%
2,766
Not yet known
2019
Share
5,530
€ 122.06 € 674,992
50%
2,765
Not yet known
2020
Unit
9,920
€68.04 €674,957 Not yet known Not yet known
Not yet known
2020
Share
9,920
€68.04 €674,957 Not yet known Not yet known
Not yet known
2021
Share
12,121
€111.38 €1,350,037 Not yet known Not yet known
Not yet known
2022
Share
14,115
€105.20 €1,484,898 Not yet known Not yet known
Calculations may involve rounding to the nearest unit. (1) Vesting will occur according to the respective rules and regulations of each plan. 100% of units and shares granted are conditional to the achievement of performance conditions NOTE: 2017 to 2018 awards were granted to Mr Faury before his appointment as CEO and should vest during his mandate.
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Airbus / Universal Registration Document 2022
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