Airbus // Universal Registration Document 2023
4. Corporate Governance
4.2 Interests of Directors and Principal Executive Officers
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)
1 st vesting 12 May 2022 € 105.15 12 May 2022 € 104.4 11 May 2023 € 125.20 11 May 2023 € 122.04
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 1 vesting in 2027
2018
Share
4,208
€ 106.94 € 450,004
50%
2,104
2019
Unit
5,530
€ 122.06 € 674,992
50%
2,766
2019
Share
5,530
€ 122.06 € 674,992
50%
2,765
2020
Unit
9,920
€ 68.04 € 674,957
150%
14,880
Not yet known
2020
Share
9,920
€ 68.04 € 674,957
150%
14,880
Not yet known
4
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
Not yet known
2023
Share 11,619
€127,81 €1,485,024 Not yet known 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. Calculations may involve rounding to the nearest unit. Performance Conditions of LTIP 2020 – – The performance conditions for LTIP 2020 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 2021, 2022 and 2023 fiscal years, with the three-year Ave EPS target for an allocation of 100% equal to €2.52; and – – 25% of cumulative FCF (“ Cum FCF ”): determined on a linear basis depending on three-year Cum FCF for the 2021, 2022 and 2023 fiscal years, with the three-year Cum FCF target for an allocation of 100% equal to €1,951 million.
253 Airbus Annual Report
Universal Registration Document 2023
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