Share-based programs are part of the Group’s incentive and commitment-building system for key employees. The objectives are to align the interests between key employees and shareholders, promote shareholder value creation and the achievement of long-term strategic targets. The programs offer the possibility of receiving Outokumpu shares as an incentive, provided that the criteria set by the Board for each earnings period are fulfilled.
Outokumpu has currently no active stock option programs.
Performance Share Plan and Restricted Share Pool
Outokumpu's share-based programs consist of the Performance Share Plan and Restricted Share Pool. The Performance Share Plan (PSP) includes an earning criterion and is part of the regular compensation of top executives, with a maximum number of participants of 150.
The Restricted Share Pool (RSP) does not have any specific earning criteria and it is used for a limited number of employees, for key recruitments, exceptional performance, high potential, retention needs and other individual specific situations.
Plan periods
Outokumpu has currently ongoing plan periods for the Performance Share Plan and Restricted Share Pool: 2022–2024, 2023–2025, 2024–2026 as well as 2025–2027 from the beginning of 2025.
The share rewards will be delivered in next spring after the end of each plan period if the employment conditions and performance criterion is met. Upon delivery, applicable taxes will be deducted from gross shares, and the remaining net value will be paid to the participants in Outokumpu shares.
The tables below include the participants, maximum number of gross shares and earning criteria of the ongoing share plans as well as the latest ended plan.
| Performance share plans | 2022–2024 | 2023–2025 | 2024–2026 | 2025–2027 |
|---|---|---|---|---|
|
Number of participants |
105 |
188 |
196 |
193 |
|
Maximum number of gross shares to be paid |
3,700,000 |
3,700,000 |
3,700,000 |
3,700,000 |
|
Earning criteria |
Return on capital employed (80%) CO2 emissions per ton of crude steel produced (20%) |
Return on capital employed (80%) and CO2 emissions per ton of crude steel produced (20%) |
Return on capital employed (80%) and CO2 emissions per ton of crude steel produced (20%) |
Return on capital employed (80%) and CO2 emissions per ton of crude steel produced (20%) |
|
Share delivery year |
2025 |
2026 |
2027 |
2028 |
|
Outcome |
85.4% |
|
|
| Restricted Share Pool | 2022–2024 | 2023–2025 | 2024–2026 | 2025–2027 |
|---|---|---|---|---|
|
Number of participants |
67 |
59 |
72 |
56 |
|
Maximum number of gross shares to be paid |
500,000 |
250,000 |
500,000 |
250,000 |
|
Share delivery year |
2023, 2024, 2025 |
2024, 2025, 2026 |
2025, 2026, 2027 |
2026, 2027, 2028 |
|
Share payouts (gross) |
2023: 45,434 |
2024: 60,066 |
2025: 122,083 |
Ownership requirement
The members of Outokumpu’s Leadership Team, including the CEO, are expected to own Outokumpu shares received under the company’s share-based incentive programs corresponding to the value of their annual gross base salary. Half of the net shares received from the share-based incentive programs must be used to fulfil this ownership requirement.
Latest share rewards
Outokumpu announced latest share rewards from its share-based incentive programs in February 2025. The share rewards are presented in the tables above, and the reward shares were delivered in February.
For more information on the previous share plans, please check our Remuneration statements.