In accordance with the requirements of the GAS 17, the members of the Management Board collectively received in the 2016 financial year compensation totaling € 26,691,178 (2015: € 23,913,876) for their service on the Management Board. Of that, € 25,883,333 (2015: € 22,660,000) was for base salaries, € 807,845 (2015: € 1,253,876) for fringe benefits and € 0 (2015: € 0) for performance-related components with long-term incentives.
In accordance with German Accounting Standard No. 17, the Restricted Incentive Awards, as a deferred, non-equity-based compensation component subject to certain (forfeiture) conditions, must be recognized in the total compensation for the year of their payment (i.e. in the financial year in which the unconditional payment takes place) and not in the year they are originally granted. Based on this the Management Board members individually received the following compensation components for their service on the Management Board for or in the years 2016 and 2015, including the non-performance-related fringe benefits.
Compensation according to GAS 17 |
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|
John Cryan1 |
Jürgen Fitschen2 |
Kim Hammonds3 |
Stuart Lewis |
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in € |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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|
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Compensation |
|
|
|
|
|
|
|
|
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Performance-related components |
|
|
|
|
|
|
|
|
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With long-term incentives |
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|
|
|
|
|
|
|
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Cash-based |
|
|
|
|
|
|
|
|
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Restricted Incentive Award(s) paid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Share-based |
|
|
|
|
|
|
|
|
||||||
Equity Upfront Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||
Restricted Equity Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Non-performance-related components |
|
|
|
|
|
|
|
|
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Base salary |
3,800,000 |
1,900,000 |
1,583,333 |
3,800,000 |
1,000,000 |
0 |
2,400,000 |
2,400,000 |
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Fringe benefits |
41,795 |
29,697 |
38,937 |
102,016 |
6,035 |
0 |
77,938 |
97,624 |
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Total |
3,841,795 |
1,929,697 |
1,622,270 |
3,902,016 |
1,006,035 |
0 |
2,477,938 |
2,497,624 |
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|
Sylvie Matherat1 |
Nicolas Moreau2 |
Quintin Price3 |
Garth Ritchie4 |
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in € |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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|
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Compensation |
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|
|
|
|
|
|
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Performance-related components |
|
|
|
|
|
|
|
|
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With long-term incentives |
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|
|
|
|
|
|
|
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Cash-based |
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|
|
|
|
|
|
|
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Restricted Incentive Award(s) paid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||
Share-based |
|
|
|
|
|
|
|
|
||||||||
Equity Upfront Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||
Restricted Equity Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Non-performance-related components |
|
|
|
|
|
|
|
0 |
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Base salary |
2,400,000 |
400,000 |
600,000 |
0 |
1,100,000 |
0 |
2,400,000 |
0 |
||||||||
Fringe benefits |
12,905 |
5,226 |
5,239 |
0 |
13,783 |
0 |
110,241 |
0 |
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Total |
2,412,905 |
405,226 |
605,239 |
0 |
1,113,783 |
0 |
2,510,241 |
0 |
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|
Karl von Rohr1 |
Dr. Marcus Schenck2 |
Christian Sewing |
Werner Steinmüller3 |
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in € |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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|
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Compensation |
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|
|
|
|
|
|
|
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Performance-related components |
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|
|
|
|
|
|
|
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With long-term incentives |
|
|
|
|
|
|
|
|
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Cash-based |
|
|
|
|
|
|
|
|
||||||
Restricted Incentive Award(s) paid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||
Share-based |
|
|
|
|
|
|
|
|
||||||
Equity Upfront Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||
Restricted Equity Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||
Non-performance-related components |
|
|
|
|
|
|
|
|
||||||
Base salary |
2,400,000 |
400,000 |
2,400,000 |
1,460,000 |
2,400,000 |
2,400,000 |
1,000,000 |
0 |
||||||
Fringe benefits |
47,730 |
2,348 |
23,720 |
38,370 |
204,758 |
19,471 |
165,001 |
0 |
||||||
Total |
2,447,730 |
402,348 |
2,423,720 |
1,498,370 |
2,604,758 |
2,419,471 |
1,165,001 |
0 |
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|
Jeffrey Urwin1 |
Anshuman Jain2 |
Stefan Krause3 |
Dr. Stephan Leithner4 |
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in € |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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|
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Compensation |
|
|
|
|
|
|
|
|
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Performance-related components |
|
|
|
|
|
|
|
|
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With long-term incentives |
|
|
|
|
|
|
|
|
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Cash-based |
|
|
|
|
|
|
|
|
||||||||
Restricted Incentive Award(s) paid |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||
Share-based |
|
|
|
|
|
|
|
|
||||||||
Equity Upfront Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||
Restricted Equity Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||||||
Non-performance-related components |
|
|
|
|
|
|
|
|
||||||||
Base salary |
2,400,000 |
0 |
0 |
1,900,000 |
0 |
2,400,000 |
0 |
2,000,000 |
||||||||
Fringe benefits |
59,763 |
0 |
0 |
337,718 |
0 |
105,099 |
0 |
72,570 |
||||||||
Total |
2,459,763 |
0 |
0 |
2,237,718 |
0 |
2,505,099 |
0 |
2,072,570 |
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|
Rainer Neske1 |
Henry Ritchotte2 |
Total |
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in € |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
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|
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Compensation |
|
|
|
|
|
|
||||
Performance-related components |
|
|
|
|
|
|
||||
With long-term incentives |
|
|
|
|
|
|
||||
Cash-based |
|
|
|
|
|
|
||||
Restricted Incentive Award(s) paid |
0 |
0 |
0 |
0 |
0 |
0 |
||||
Share-based |
|
|
|
|
|
|
||||
Equity Upfront Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
||||
Restricted Equity Award(s) |
0 |
0 |
0 |
0 |
0 |
0 |
||||
Non-performance-related components |
|
|
|
|
|
|
||||
Base salary |
0 |
1,200,000 |
0 |
2,400,000 |
25,883,333 |
22,660,000 |
||||
Fringe benefits |
0 |
61,347 |
0 |
382,390 |
807,845 |
1,253,876 |
||||
Total |
0 |
1,261,347 |
0 |
2,782,390 |
26,691,178 |
23,913,876 |
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In 2016, the Supervisory Board decided to suspend the tranches of deferred compensation elements which were subject to non-forfeiture and/or disbursal in 2016 for the Management Board members Fitschen and Lewis, who were still active in the reporting period, as well as for nine former Management Board members who already left the Management Board prior to the reporting period. Accordingly, the table above does not contain the Restricted Incentive Awards which were not disbursed in 2016.
With respect to deferred awards scheduled to be delivered in the first quarter of 2017, the Supervisory Board has confirmed that the performance conditions relating to Group-wide IBIT for the financial year 2016 have been met.