Airbus // Universal Registration Document 2021
4. Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers
Vesting Values in 2021 In 2021, the CEO received both cash payments and vested shares in connection with the vesting of 2016 and 2017 LTIP awards: – – Cash: the total cash payment to the CEO amounted to €324,509 in 2021. – – Shares: in connection with the 2017 LTIP award, the CEO received 2,202 vested shares on 5 May 2021.
LTIP overview: granting and vesting
Units with performance achievement
Date of grants
Grant Type Number
Share price at grant date
Value at grant date
Performance achievement
Dates of vesting
Share value at vesting dates(*)
1 st vesting 7 May 2020 €56.27 2 nd vesting 5 May 2021 €100.25 7 May 2020 €53.80 1 st vesting 5 May 2021 €100.25 5 May 2021 €97.58
2016
Units
5,696
€52.67 €300,008
75%
4,272 2 vestings in 2020 -2021
2016
Shares
5,696
€52.67 €300,008
75%
4,272 1 vesting in 2020
2017
Units
4,404
€73.81 €325,059
50%
2,202 2 vestings in 2021 -2022
2017
Shares
4,404
€73.81 €325,059
50%
2,202 1 vesting in 2021
Not yet known
2018
Units
4,208
€106.94 €450,004
50%
2,104 2 vestings in 2022 -2023
Not yet known
2018
Shares
4,208
€106.94 €450,004
50%
2,104 1 vesting in 2022
Not yet known
2019
Units
5,530
€122.06 €674,992 Not yet known Not yet known 2 vestings in 2023 -2024
Not yet known
2019
Shares
5,530
€122.06 €674,992 Not yet known Not yet known 1 vesting in 2023
Not yet known
2020
Units
9,920
€68.04 €674,957 Not yet known Not yet known 2 vestings in 2024 - 2025
Not yet known
2020
Shares
9,920
€68.04 €674,957 Not yet known Not yet known 1 vesting in 2024
Not yet known
2021
Shares
12,121
€111.38 €1,350,037 Not yet known Not yet known 1 vesting in 2025
Calculations may involve rounding to the nearest unit. * Vesting will occur according to the respective rules and regulations of each plan. 100% of units and shares granted since 2016 are conditional to the achievement of performance conditions. NOTE: 2016 to 2018 awards were granted to Mr Faury before his appointment as CEO and should vest during his mandate.
Performance Conditions of LTIP 2017: – – The performance conditions for LTIP 2018 were determined as follows: if the Company reports a positive cumulative EBIT, a minimum portion of 50% of the Performance Units / Shares vest. If the Company reports a negative cumulative EBIT resulting from exceptional circumstances, the Board of Directors can decide at its sole discretion to vest a maximum portion of 50% of the Performance Units / Shares. – – 50% to 150% of the allocation would be granted depending on the compounded achievement of the two following performance criteria: – – 75% of average EPS (“ Ave EPS ”): determined on a linear basis depending on three-year Ave EPS for the 2018, 2019 and 2020 fiscal years, with the three-year Ave EPS target for an allocation of 100% equal to €6.73; and – – 25% of cumulative FCF (“ Cum FCF ”): determined on a linear basis depending on three-year Cum FCF for the 2018, 2019 and 2020 fiscal years, with the three-year Cum FCF target for an allocation of 100% equal to €13,000 million.
210
Airbus / Registration Document 2021
Made with FlippingBook - Online Brochure Maker