From the listing date of 12 June 2020:
|TCHF||Total compensation1||Cash compensation||Number of shares2,3||Value of the allocated shares4||Social insurance contributions||Total for 2020|
|Stefan Mächler (Chairman)||111||78||2 057||33||16||127|
|Christoph Caviezel (Vice-Chairman)||55||395||1 029||16||2||57|
|Hans Ulrich Meister (member)||50||35||926||15||7||57|
|André Wyss (member)||39||27||772||12||6||45|
|Marie-Noëlle Zen-Ruffinen (member)||50||35||926||15||7||57|
1 First, the total compensation is stated and then divided into cash compensation and RSUs.
2 Registered shares of Ina Invest Holding Ltd, ISIN CH0524026959, at a nominal value of CHF 0.03 each.
3 The calculation is based on the average share price in December 2020. The shares were allocated on 4 January 2021.
4 The value of the shares is calculated as follows: average share price in December 2020 less 16.038% tax discount due to the 3-year blocking period.
5 The cash compensation was invoiced by and paid each time to Bluereal AG, a public limited company wholly owned by Christoph Caviezel.
The general meeting of 3 June 2020 approved the Board of Directors' maximum total compensation of CHF 540,000 for the period from that date until the next annual general meeting (AGM) in 2021.
|Board of Directors’ compensation|| |
Compensation in the financial year 2020 (from the listing date)(A)
Plus the compensation from January to the 2021 AGM(B)
Compensation in the period from the listing date until the 2021 AGM(A)+(B)
|The maximum compensation approved at the 2020 AGM for the period from the listing date until the 2021 AGM||Ratio of paid compensation to approved compensation|
|12.6.2020 – 31.12.2020||1.1.2021 – GV 2021||12.6.2020 – GV 2021|
|Total in CHF '000||343||146||489||540||90.6%|
Ina Invest Holding Ltd does not grant any loans or credit to past or present Board Members or their related parties.
In the financial year 2020, no compensation was paid to former Board Members or to persons who are related parties of past or present Board Members.
From the listing date of 12 June 2020:
|Marc Pointet (CEO)||Base salary||Total under STIP1||Cash compensation under STIP2||Number of RSUs under STIP3, 4||Attributable value of RSUs5||Other compensation6||Social security contributions7||Total for 2020|
1 First the total variable compensation under the short-term-incentive-plan (STIP) is stated and then the cash and RSU components are listed.
2 The cash compensation for the 2020 performance year is paid the following year.
3 An RSU is a conditional entitlement to acquire a registered share in Ina Invest Holding Ltd, ISIN CH0524026959, at a nominal value of CHF 0.03.
4 The calculation is based on the average share price (closing price) in January 2021. The RSUs will be allocated in March 2021.
5 The value of the RSUs is calculated using the average share price in January as the share price on grant date will only be known after the publication of the compensation report.
6 “Other compensation” includes elements such as a mobility allowance or child benefits
7 The social security expenses include the mandatory employer's contributions as well as the pension fund contributions according to legal requirements and market practices.
The general meeting of 3 June 2020 approved the CEO's maximum total compensation of CHF 600,000 for the remainder of the financial year 2020. The total compensation paid to the CEO in the financial year 2020 (from the listing date of 12 June 2020) therefore falls within the framework of the maximum approved amount and corresponds to 78.5%.
The CEO's variable compensation in the financial year 2020 amounted to 47.8% of his fixed compensation.
Ina Invest Holding Ltd does not grant any loans or credit to past or present Executive Management members or their related parties.
For the financial year 2020, no compensation was paid to former Executive Management members or to persons who are related parties of past or present Executive Management members.
The CEO's employment contract is for an indefinite period and may be terminated on 6 months’ notice.