Welcome to your LTI

Previously, you received a grant in stock options and phantom stocks. With the new LTI, your grant will be monetary.

The monetary value will be converted into performance shares. This approach is intended to give you a clearer understanding of the underlying value of this compensation element.

In the past, you received a mix of two share equivalents: stock options and phantom stocks. You had to choose the right mix. Now, we have made it simpler – your grant will automatically be converted into performance shares. Performance shares, like phantom stocks, are virtual shares that mirror the Fresenius share price

These will also vest automatically after four years – so there is no vesting decision for you to make. Performance shares, like phantom stocks, are virtual shares that mirror the Fresenius share price.

You already know one of our performance targets, the net income growth. We have now added another one - the relative total shareholder return - and changed the measurement method. Both targets are weighted equally

The new target reflects our performance in relation with the Health Care companies within the stock index STOXX Europe 600.

Our target measurement will be at an average over the whole measurement period of four years. Therefore partial target achievement is also possible and a less favorable year can be balanced by another superior year.