Changes to Wärtsilä’s Restricted Share Plan

Wärtsilä Corporation, Stock exchange release 25 April 2023 at 09:00 UTC+2

Changes to Wärtsilä’s Restricted Share Plan

Wärtsilä announced on 31 January 2023 the Board of Directors’ decision to implement a Restricted Share Plan (“RSP”). The Board of Directors has decided to increase the maximum amount of shares to be granted as a reward based on the plan by 965,000 shares (previously announced 294,000 shares, now totalling 1,259,000).

Other terms of the plan remain unchanged.  

Restricted Share Plan

The Restricted Share Plan is a share-based retention plan for individually selected key employees in specific situations that consists of annually commencing individual restricted share plans. Each plan comprises a retention period with an overall length of three years, extended to the first half of the fourth year, during which the company may grant fixed share rewards to individually selected key employees. The granted share rewards are paid to the selected participants in three separate share tranches annually during the retention period, unless the company decides to pay individual share grants in one instalment. The share rewards are paid in listed shares of Wärtsilä.

The plan in the RSP structure covers the years 2023-2025.

The aggregate maximum gross number of shares to be granted as a reward based on the plan is now approximately 1,259,000 shares.

For further information, please contact:

Teija Sarajärvi
Executive Vice President, Human Resources
Tel: +358 10 709 5010

For investor information, please contact:

Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel: +358 10 709 1461

Wärtsilä in brief

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.