Business
The new plans commencing in 2026 within UPM share incentive arrangements
The new plans commencing in 2026 within UPM share incentive arrangements
About this update from Upm-kymmene Oyj
[{"type":"text","content":"UPM-Kymmene Corporation Stock Exchange Release (Other information disclosed according to the rules of the Exchange) February 4, 2026 at 14:00 EET","length":150,"tagName":"p"},{"type":"text","content":"HELSINKI, Feb. 4, 2026 /PRNewswire/ -- The new plans commencing in 2026 within UPM share incentive arrangements","length":116,"tagName":"p"},{"type":"text","content":"Performance Share Arrangement and Deferred Bonus Arrangement","length":60,"tagName":"p"},{"type":"text","content":"UPM's Board of Directors has approved the commencement of new plans for the period 2026-2028 within the company's two long-term share incentive arrangements: the Performance Share Plan and the Deferred Bonus Plan.","length":221,"tagName":"p"},{"type":"text","content":"The long-term share incentive arrangements consist of annually commencing new plans subject to the approval of the Board of Directors of UPM in each case.","length":154,"tagName":"p"},{"type":"text","content":"The Performance Share Plan is targeted at the President and CEO, Group Executive Team members and other selected members of the senior management. The Deferred Bonus Plan is targeted at other key employees.","length":206,"tagName":"p"},{"type":"text","content":"The earning criteria for the earning period 2026-2028 of the Performance Share Plan are relative total shareholder return, adjusted ROCE and selected sustainability performance measures during 2026-2028. Sustainability measures comprise the reduction of fossil CO2 emissions from UPM's on-site combustion and purchased energy, the achievement of a net positive impact on biodiversity in the Company's own forests in Finland and the achievement of gender pay equity globally.","length":482,"tagName":"p"},{"type":"text","content":"The earning criteria for the Deferred Bonus Plan are based on the Group and each business area's EBITDA. The plan for the period 2026-2028 consists of a one-year earning period (2026) and a two-year restriction period following thereafter (2027-2028).","length":255,"tagName":"p"},{"type":"text","content":"The share incentive plans for the period 2026-2028 cover in total 346 participants. In case all the set performance targets are met in full, the estimated total maximum number of shares to be delivered under these plans is approximately 1,306,000 shares. The above indicated esti...