Share plans for employees

Corbion has a LTIP program for (senior) management and a LTIP program for the Executive Committee members (not being members of the Board of Management). The long-term incentive covers a performance period of three calendar years. The LTIP 2024-2026 series performance measures are the same as for the Board of Management: TSR (35%), adjusted EBITDA (20%), sustainability (25%), and ROCE (20%). For certain categories of (senior) management, part of the LTIP is not performance related and is only restricted to continued employment for three years.

The total number of conditionally granted but not yet vested shares as per 1 January 2024 for (senior) management and Executive Committee members (not being members of the Board of Management) is as follows:

The LTIP 2021-2023 series let to a payout to the Executive Committee members (not being members of the Board of Management) of 76.2%. For (senior) management, three groups are defined having a LTIP which have weights and payouts as mentioned in the underneath table.

The total number of vested shares received by (senior) management and Executive Committee members (not being members of the Board of Management) under the LTIP 2021-2023 series is 40,943 representing a value of € 890,920 at the time of vesting (based on a vesting price of € 21.76).

The total number of performance shares conditionally granted to (senior) management and Executive Committee members (not being members of the Board of Management) for the LTIP 2024-2026 series (possible vesting in 2027) is 216,932 representing a value of € 3,796,310 at the time of the grant (based on a grant price of € 17.50).

The table below shows the number of conditionally granted but not yet vested shares as at 31 December 2024 for (senior) management and Executive Committee members (not being members of the Board of Management) jointly, the grant price of the granted shares, and the remaining vesting period.