What Do i Get
The grant process
You receive an individual monetary grant in Euro. In September of the grant year, the value of your grant is determined by your individual performance and your responsibilities within Fresenius Group. A personal grant letter will inform you about the grant value. It will then be converted into performance shares – virtual Fresenius shares – on the basis of the average Fresenius stock exchange price 60 trading days before grant.
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The payout process
After four years of performance measurement, we calculate how many of your granted performance shares will actually vest. This is determined by the target achievement of both LTI targets at the end of the year prior to the vesting date. The average share price 60 trading days before vesting will determine your actual payout – plus the cumulative dividend equivalent over the four year measurement period. Your payout is calculated in Euro. If you don`t receive your salary in Euro, your payout will be converted into your local currency using the latest conversion rate.
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What`s in it for me?
You can check it out in less than 2 minutes using our online simulation calculator – quick and easy.
If you’d like to check your personal grant first, you will find your personal LTI information on EquatePlus.
Currency fluctuations – what does it mean for you
If you receive your salary a currency other than Euro, currency fluctuations may have an impact on your final payout. As you receive your grant in Euro and the LTIP is administrated in Euro, the exchange rate Euro to your currency might influence the actual payout:
If the Euro gets weaker in relation to your currency, your payout also decreases. If the Euro rises in comparison to your local currency, your payout will also rise.
An example using the New Zealand Dollar:
Current exchange rate: roughly EUR 1 = NZD 2.
If you receive a payout of EUR 1,000, this equals almost NZD 2,000.
If the Euro falls, exchange rate might be EUR 1 = NZD 1. Now your EUR 1,000 payout equals a NZD 1,000 payout.
But if the Euro rises, resulting e.g. in EUR 1 = NZD 3, your payout in NZD will also rise. A payout of EUR 1,000 now leads to a payout of NZD 3,000.
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Taxation
Your long-term incentive payout is a gross payout and therefore may be subject to income taxes, social security contributions and other taxes and levies. The taxes and duties depend on your country of residence as well as your individual situation – you are responsible for all taxes and duties concerning your payout. For detailed information please contact a tax accountant.