Share-based Payments

Share-based Payments

Share incentive scheme and management ownership

The company has a share bonus system as a part of its key personnel commitment and incentive scheme.

On 12 March 2015, Digia Plc's Board of Directors decided to establish new share-based incentive schemes for the Chief Executive Officer and other members of senior management. According to the decision, there will be separate schemes for the company's domestic operations and for the Qt business. These schemes will replace the previous share-based incentive scheme effective until 2016. The share-based incentive schemes are described in more detail in Note 19 Share-based payments.

All bonuses are paid as a 50/50 combination of shares and cash. The cash portion of the bonus will primarily be used to cover taxes and other comparable costs of the scheme. The system involves no vesting periods limiting the sale of shares.

The payment of bonuses according to the share-based incentive schemes is subject to the employee in question being employed by the company on the payment date.

Digia's previous share-based incentive scheme covered the calendar years 2014–2016. The earnings principles are the consolidated earnings per share and consolidated net sales, according to formulae settled annually by the Board. Rewards were paid out in 2015 under this scheme.

According to the list of shareholders dated 31 December 2015, Digia’s Board of Directors and CEO owned shares in the company as follows:

   
Pertti Kyttälä

0

Robert Ingman 20,000 (1
Kai Öistämö 9,787
Tommi Uhari 0
Juha Varelius 204,258
Päivi Hokkanen 8,170
Seppo Ruotsalainen 0
Leena Saarinen

1,600

(1 Shares owned by Ingman Group Oy Ab are not included.
 

At the year-end, the shares held by the Board members and the CEO represented 1.1% of the company’s shares and votes.