Wärtsilä's Board of Directors decides on a new share-based incentive scheme
Wärtsilä’s long-term incentive scheme 2019 comprises 6,542,000 incentive rights. The reward is paid in shares. The reward is based on the share price development during a three-year period, with a starting share price of EUR 16.76. The reward cannot exceed EUR 6.56 per incentive right and it takes into account 100% of dividends paid out during the performance period and reinvested in the Company’s shares. The 2019 scheme will be due for payment in February 2022. The bonus scheme applies to Wärtsilä’s senior management, consisting of approximately 100 directors.
The principles relating to Wärtsilä’s long-term incentive schemes are further described in the Company’s remuneration report and on its website.
For further information, please contact:
Kari Hietanen
Executive Vice President, Corporate Relations and Legal Affairs
Wärtsilä Corporation
Tel. +358 10 709 5609
kari.hietanen@wartsila.com
Natalia Valtasaari
Director, Investor Relations
Wärtsilä Corporation
Tel: +358 10 709 5637
natalia.valtasaari@wartsila.com
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
