Long-term incentive program
From time to time, senior officers may be offered to participate in a LTI program.
A new LTI program has been launched for 2015 - 2017 with annual provisions based on meeting Group targets. The provisions’ size is related to the total dividends disbursed to shareholders for the year. In order for an employee to receive their share of the outcome in the LTI program the employee must still work for Peab on 31 December 2017. For senior officers and the CEO the upper limit is 40 percent of their fixed annual salary.
The result of the LTI program is placed in a financial instrument connected to the Peab share.
A previous LTI program was launched in 2011 and stretched to the end of 2014 with annual reviews of Group targets. The targets were not met in 2011-2014 and therefore no provisions were made for the LTI program.