Remuneration former member of the Board of Management
Mr. Eddy van Rhede van der Kloot stepped down as CFO and member of the Board of Management after the annual General Meeting of Shareholders on 15 May 2024. The contract of assignment with Mr. Van Rhede van der Kloot expired on 1 December 2024.
As per 1 April 2024, the annual base salary for Eddy van Rhede van der Kloot amounted to € 450,000.
For the STIP 2024, the payout regarding the various measures lead to an overall payment of 143.3% based on achievements as mentioned in the table below:
|
Measure |
Weight |
Payout in cash |
Payout in Shares |
|
Adjusted EBITDA |
27.5% |
136.6% |
|
|
Organic net sales growth |
27.5% |
130% |
|
|
Free Cash Flow |
25% |
150% |
50% |
|
TRIR |
10% |
0% |
0% |
|
Energy |
10% |
150% |
50% |
|
Total weight |
100% |
||
|
Total payment |
125.8% |
17.5% |
Eddy van Rhede van der Kloot was pro-rata entitled to the STIP 2024. This resulted in (i) a payment in cash of € 259,463 and a payment in shares of 1,557 shares (representing a value of € 36,094 at the time of vesting (based on a vesting price of € 23.18).
Pay-out for the LTIP 2021–2023 series
The LTIP 2021–2023 series has led to a total payout of 76.2% of the at-target LTIP for Eddy van Rhede van der Kloot, as shown in the table below:
|
Performance Measure |
Weight |
Payout |
|
EBITDA |
20% |
63% |
|
Organic sales growth |
25% |
150% |
|
ROCE |
12.5% |
59% |
|
Sustainability |
12.5% |
150% |
|
TSR |
30% |
0% |
|
Total |
100% |
76.20% |
Eddy van Rhede van der Kloot used the option of selling shares to finance the income tax due on the vested shares.
The table below shows the amounts which Eddy van Rhede van der Kloot (i) received/was entitled to in 2024 (base salary, STIP, benefits allowance, termination payment) and (ii) received/was entitled to in 2024 by way of vesting (LTIP):
|
Thousands of euros |
Year |
Base salary |
STIP |
LTIP |
Benefits allowance |
Other compensation** |
Relocation |
Total |
|
|
E. van Rhede van der Kloot*, CFO |
2024 |
413 |
296 |
147 |
138 |
600 |
1,594 |
||
|
2023 |
444 |
0 |
404 |
150 |
998 |
||||
|
Total |
2024 |
413 |
296 |
147 |
138 |
600 |
1,594 |
||
|
Total |
2023 |
444 |
0 |
404 |
150 |
0 |
998 |
The table below shows the remuneration costs based on the applicable IFRS standard and does not necessarily reflect the actual amounts paid:
|
IAS 24.17 category |
Short-term employee benefits |
Share-based payments |
Post-employment benefits |
Other long-term benefits |
Termination benefits |
Total |
||
|
Thousands of euros |
2024 |
Base salary |
STIP |
LTIP |
Pension benefits |
Other benefits |
Termination benefits |
|
|
E. van Rhede van der Kloot |
561 |
296 |
505 |
600 |
1,962 |
|||
|
Total |
561 |
296 |
505 |
600 |
1,962 |
|||
|
Thousands of euros |
2023 |
Base salary |
STIP |
LTIP |
Pension benefits |
Other benefits |
Termination benefits |
|
|
E. van Rhede van der Kloot |
605 |
- |
453 |
1,058 |
||||
|
Total |
605 |
- |
453 |
1,058 |