Compensation to the BoD and EC

Financial year 2018/19

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation 1)

 

 

 

 

 

 

 

 

 

 

Basic compensation

 

Additional compensation (committees, special tasks)

 

Social benefits

 

Total (CHF)

 

of which in shares (CHF) 2)

BoD

 

 

 

 

 

 

 

 

 

 

Birgersson Jens (since 2018 AGM)

 

113,333

 

 

 

113,333

 

53,233

Brecht-Bergen Stephanie

 

170,000

 

 

 

170,000

 

103,430

Cadonau Riet (since 2018 AGM)

 

 

 

 

 

Chair of the Board

 

 

 

 

 

 

 

 

 

 

Chiu Elton SK (until 2018 AGM)

 

56,667

 

 

3,892

 

60,559

 

26,271

Daeniker Daniel

 

170,000

 

60,000

 

16,019

 

246,019

 

79,504

Chair Audit Committee

 

 

 

 

 

 

 

 

 

 

Dörig Rolf

 

170,000

 

68,333

 

16,618

 

254,952

 

79,504

Vice-Chair of the Board (until 2018 AGM)

 

 

 

 

 

 

 

 

 

 

Chair Compensation Committee

 

 

 

 

 

 

 

 

 

 

Member Nomination Committee

 

 

 

 

 

 

 

 

 

 

Dubs-Kuenzle Karina

 

170,000

 

20,000

 

13,201

 

203,201

 

79,504

Graf Ulrich (until 2018 AGM)

 

190,000

 

6,667

 

10,560

 

207,227

 

79,753

Chair of the Board

 

 

 

 

 

 

 

 

 

 

Chair Nomination Committee

 

 

 

 

 

 

 

 

 

 

Gummert Hans

 

170,000

 

137,149

 

 

307,149

 

79,504

Member Audit Committee

 

 

 

 

 

 

 

 

 

 

Member Compensation Committee

 

 

 

 

 

 

 

 

 

 

Member Nomination Committee

 

 

 

 

 

 

 

 

 

 

Heppner John

 

170,000

 

13,333

 

 

183,333

 

83,727

Hess Hans

 

170,000

 

78,333

 

17,738

 

266,072

 

79,504

Vice-Chair of the Board (since 2018 AGM)

 

 

 

 

 

 

 

 

 

 

Lead Independent Director (since 2018 AGM)

 

 

 

 

 

 

 

 

 

 

Chair Nomination Committee (since 2018 AGM)

 

 

 

 

 

 

 

 

 

 

Member Audit Committee

 

 

 

 

 

 

 

 

 

 

Member Compensation Committee

 

 

 

 

 

 

 

 

 

 

Mankel Christine

 

170,000

 

 

 

170,000

 

125,682

Total BoD

 

1,720,000

 

383,816

 

78,030

 

2,181,845

 

869,618

1)Compensation for the employer representatives on the Swiss pension fund (Ulrich Graf, Rolf Dörig, Karina Dubs-Kuenzle) of CHF 20,000 p.a. each and compensation for the membership of the Supervisory Board of dormakaba Holding GmbH + Co. KGaA and ISEO (Hans Gummert) of CHF 102,149 are included in the compensation (additional compensation). Business expenses are not included. For Mr Gummert the additional compensation is paid in EUR and remains stable vis-à-vis the previous year, however, fluctuates in CHF due to currency exchange.

2)The compensation for the reporting period is paid out in three installments (November 2018, Mai 2019 and November 2019). Shares are awarded based on a fixed monetary amount of CHF 240,000 for the Chair of the Board (until AGM 2018) and CHF 80,000 for the other Board members. The average of the closing share prices of the last five trading days in the month prior to the payment is used to determine the number of shares allocated (CHF 703.70 for the shares transferred in November 2018 and CHF 767.30 for the shares transferred in May 2019).



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed compensation

 

Variable compensation

 

Total CHF

 

Fixed basic payment

 

Benefits and social / pension contributions 3)

 

Total aggregate amount

 

STI 4)

 

LTI 5)

 

Social / pension contributions

 

Total aggregate amount

 

 

EC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cadonau Riet

 

832,008

 

140,914

 

972,922

 

1,275,000

 

1,184,696

 

346,350

 

2,806,046

 

3,778,968

Other EC

 

2,819,911

 

798,191

 

3,618,102

 

2,565,392

 

2,273,293

 

679,528

 

5,518,213

 

9,136,315

Total EC

 

3,651,919

 

939,105

 

4,591,024

 

3,840,392

 

3,457,989

 

1,025,878

 

8,324,259

 

12,915,283

3)Includes contributions to social security and occupational pension plans as well as fringe benefits. Contributions to social security and occupational pension plans are the contributions effectively paid in the reporting year and relate to the fixed and variable compensation effectively paid out in the reporting year. Fringe benefits include elements such as private use of company car, service anniversary or housing contributions. Fringe benefits amount to CHF 23,759 for the CEO and CHF 413,302 for the other EC members.

4)The short-term incentive reported will be paid after the end of the reporting year.

5)In accordance with his employment contract from 2011, the CEO receives a guaranteed allocation of 550 shares (worth CHF 391,254) which are blocked for three years. These shares are not yet included in the shares held as of 30 June 2019 as listed in the table ’Shares held by BoD and EC’. However, they have been included in the long-term incentive compensation figure with a share price of CHF 711.37 (average closing price of May/June 2019).

Financial year 2017/18

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation 1)

 

 

 

 

 

 

 

 

 

 

Basic compensation

 

Additional compensation (committees, special tasks)

 

Social benefits

 

Total (CHF)

 

of which in shares (CHF) 2)

BoD

 

 

 

 

 

 

 

 

 

 

Brecht-Bergen Stephanie

 

168,613

 

 

 

168,613

 

77,999

Chiu Elton SK

 

168,613

 

 

11,718

 

180,331

 

77,999

Daeniker Daniel

 

168,613

 

60,000

 

15,703

 

244,316

 

100,146

Chair Audit Committee

 

 

 

 

 

 

 

 

 

 

Dörig Rolf

 

168,613

 

55,000

 

15,594

 

239,207

 

77,999

Vice-Chair of the Board

 

 

 

 

 

 

 

 

 

 

Chair Compensation Committee

 

 

 

 

 

 

 

 

 

 

Member Nomination Committee

 

 

 

 

 

 

 

 

 

 

Dubs-Kuenzle Karina

 

168,613

 

20,000

 

13,127

 

201,741

 

77,999

Graf Ulrich

 

565,840

 

20,000

 

34,172

 

620,012

 

235,418

Chair of the Board

 

 

 

 

 

 

 

 

 

 

Chair Nomination Committee

 

 

 

 

 

 

 

 

 

 

Gummert Hans

 

168,613

 

139,240

 

 

307,853

 

109,311

Member Audit Committee

 

 

 

 

 

 

 

 

 

 

Member Compensation Committee

 

 

 

 

 

 

 

 

 

 

Member Nomination Committee

 

 

 

 

 

 

 

 

 

 

Heppner John

 

168,613

 

20,000

 

 

188,613

 

96,357

Hess Hans

 

168,613

 

35,000

 

14,374

 

217,987

 

77,999

Member Audit Committee

 

 

 

 

 

 

 

 

 

 

Member Compensation Committee

 

 

 

 

 

 

 

 

 

 

Member Nomination Committee

 

 

 

 

 

 

 

 

 

 

Mankel Christine

 

168,613

 

 

 

168,613

 

113,893

Total BoD

 

2,083,360

 

349,240

 

104,687

 

2,537,287

 

1,045,120

1)Compensation for the employer representatives on the Swiss pension fund (Ulrich Graf, Karina Dubs-Kuenzle) of CHF 20,000 each and compensation for the membership of the Supervisory Board of dormakaba Holding GmbH + Co. KGaA and ISEO (Hans Gummert) of CHF 104,240 are included in the compensation (additional compensation). Business expenses are not included.

2)The compensation for the reporting period is paid out in three installments (November 2017, Mai 2018 and November 2018). The value of the shares is as follows: for the period until the 2017 AGM, shares were awarded based on a fixed number of shares. However, due to the significant share price increase in 2017, the BoD had decided to cap the overall value of shares transferred for the compensation period from the 2016 AGM until the 2017 AGM to CHF 240,000 for the BoD Chair and to CHF 80,000 for the other Board members. Therefore, the number of shares transferred in November 2017 had been capped, taking into account the value of shares already transferred in May 2017. Since the 2017 AGM, shares are awarded based on a fixed monetary amount of CHF 240,000 for the BoD Chair and CHF 80,000 for the other Board members.



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed compensation

 

Variable compensation

 

Total CHF

 

Fixed basic payment 3)

 

Benefits and social / pension contributions 4)

 

Total aggregate amount

 

STI 5)

 

LTI 6)

 

Social / pension contributions

 

Total aggregate amount

 

 

EC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cadonau Riet

 

832,008

 

146,263

 

978,271

 

1,275,000

 

934,408

 

331,102

 

2,540,510

 

3,518,781

Other EC

 

3,598,406

 

1,054,874

 

4,653,280

 

2,902,258

 

2,687,999

 

885,318

 

6,475,575

 

11,128,855

Total EC

 

4,430,414

 

1,201,137

 

5,631,551

 

4,177,258

 

3,622,408

 

1,216,420

 

9,016,085

 

14,647,636

3)Includes a replacement award of CHF 77,738 to compensate for forfeited remuneration at previous employer as a result of joining dormakaba.

4)Includes contributions to social security and occupational pension plans as well as fringe benefits. Contributions to social security and occupational pension plans are the contributions effectively paid in the reporting year and relate to the fixed and variable compensation effectively paid out in the reporting year. Fringe benefits include an outplacement consulting of CHF 57,911 and elements such as private use of company car, service anniversary or housing contributions. Fringe benefits amount to CHF 21,579 for the CEO and CHF 540,572 for the other EC members.

5)The short-term incentive reported will be paid after the end of the reporting year.

6)In accordance with his employment contract from 2011, the CEO receives a guaranteed allocation of 550 shares (worth CHF 419,925) which are blocked for three years. These shares are not yet included in the shares held as of 30 June 2018 as listed in the table ’Shares held by BoD and EC’. However, they have been included in the long-term incentive compensation figure with a share price of CHF 763.50 (average closing price of May/June 2018).

Shares held by BoD and EC

As at the respective call date, the individual BoD and EC members (including related parties) held the following number of shares in dormakaba Holding AG.

 

 

 

 

 

Number of shares

 

Financial year ended 30.06.2019

 

Financial year ended 30.06.2018

BoD

 

 

 

 

Birgersson Jens

 

52

 

 

Brecht-Bergen Stephanie

 

190,117

 

189,958

Cadonau Riet1)

 

4,730

 

 

Chiu Elton SK

 

 

 

773

Daeniker Daniel

 

1,532

 

1,424

Dörig Rolf

 

2,471

 

2,363

Dubs-Kuenzle Karina

 

99,591

 

99,483

Graf Ulrich

 

 

 

6,148

Gummert Hans

 

587

 

479

Heppner John

 

743

 

626

Hess Hans

 

1,468

 

1,360

Mankel Christine

 

190,193

 

190,005

Total BoD

 

491,484

 

492,619

EC

 

 

 

 

Berninger Alwin

 

80

 

Brinker Bernd

 

974

 

550

Cadonau Riet1)

 

4,730

 

4,330

Gaspari Roberto

 

3,259

 

2,576

Häberli Andreas

 

1,872

 

1,505

Jacob Christoph2)

 

 

 

132

Kincaid Michael

 

1,166

 

1,012

Lee Jim-Heng

 

1,829

 

1,396

Lichtenberg Jörg

 

532

 

318

Malacarne Beat2)

 

 

 

867

Sichelschmidt Dieter3)

 

 

 

 

Zocca Stefano

 

1,809

 

1,494

Total EC

 

16,251

 

14,180

1)As of 23 October 2018, both a BoD and an EC member, therefore displayed in both groups for the years of membership

2)EC member until 30 June 2018

3)EC member until 31 December 2017

Compensation architecture Executive Committee (EC)Introduction

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