Financial Statements 2023
2. Notes to the IFRS Consolidated Financial Statements 2.6 Employees Costs and Benefits
Share ‑ based Remuneration The table below gives an overview of the interests of the CEO, under the various LTIPs of the Company:
(1)
Granted Date
LTIP 2018
LTIP 2019 LTIP 2020 LTIP 2021 LTIP 2022 LTIP 2023
Performance Units and Shares
8,416
11,060
19,840
12,121
14,115
11,619
Revaluation
50%
50%
150%
100%
100%
100%
Performance Units and Shares revalued
4,208
5,531
29,760
12,121
14,115
11,619
Vested in 2023
in cash
1,052
1,383
-
-
-
-
in shares
-
2,765
-
-
-
-
Outstanding 2023
in cash
-
1,383
14,880
-
-
-
in shares
-
-
14,880
12,121
14,115
11,619
Vesting schedule
Cash ‑ settled units
For vesting dates, see “– Note 32.1: LTIP”
Equity ‑ settled units
May 2022
May 2023
May 2024
May 2025
May 2026
May 2027
2018 awards were granted before the appointment of the CEO and could vest during the CEO’s mandate. (1)
Vesting of all Performance Units and Performance Shares granted to the CEO is subject to performance conditions. As of 31 December 2023, provisions of €2,074,739 (2022: €1,301,397) relating to Performance Units have been recognised. The pay ‑ out from vested cash ‑ settled LTIP in 2023 was €304,862 (2022: €226,388) excluding social charges. Termination Benefits The termination benefit applicable to the CEO is described in the Company’s Remuneration policy. Other Benefits As stipulated in the Company’s Remuneration Policy, the benefits offered to the CEO are similar to the benefits granted to other executives of the Company and comprise, among other matters, medical, death and disability coverage (both through the French social security system and mandatory collective Company’s plans), a company car and usual facilities. Costs of benefits provided through applicable mandatory collective and social security plans are accounted for among social charges. The monetary value of other benefits provided to the CEO in 2023 amounted to €34,969 (2022: €32,734). The Company has not provided any loans to, advances to and guarantees on behalf of the CEO.
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Airbus
Financial Statements 2023
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