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Compensation for 2021
Financial Year 2021
| Total compensation1 | Cash compensation | Number of shares2, 3 | Value of the allocated shares4 | Social insurance contributions | Total for 2021 | |
| Stefan Mächler (Chairman) | 189 | 133 | 3,558 | 56 | 19 | 208 |
| Christoph Caviezel (Vice-Chairman and Chair of the IC) | 94 | 675 | 1,691 | 27 | 4 | 98 |
| Hans Ulrich Meister (Member and Chair of the AC) | 84 | 60 | 1,521 | 24 | 8 | 92 |
Marie-Noëlle | 84 | 60 | 1,521 | 24 | 8 | 92 |
| André Wyss (Member) | 66 | 47 | 1,245 | 20 | 7 | 74 |
| Total | 518 | 367 | 9,536 | 151 | 46 | 564 |
1 First, the total compensation is stated and then divided into cash compensation and shares.
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 2021. The shares were allocated on 3 January 2022.
4 The value of the shares is calculated as follows: average share price in December 2021 less 16.038% tax discount due to the 3-year blocking period.
5 The cash remuneration was invoiced by and paid each time to Bluereal AG, a public limited company wholly owned by Christoph Caviezel
Financial Year 2020 (from the listing date of 12 June 2020)
| 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 and Chair of the IC) | 55 | 395 | 1,029 | 16 | 2 | 57 |
| Hans Ulrich Meister (Member and Chair of the AC) | 50 | 35 | 926 | 15 | 7 | 57 |
| Marie-Noëlle Zen-Ruffinen (Member and Chair of the AC) | 50 | 35 | 926 | 15 | 7 | 57 |
| André Wyss (Member) | 39 | 27 | 772 | 12 | 6 | 45 |
| Total | 305 | 214 | 5,710 | 91 | 38 | 343 |
1 First, the total compensation is stated and then divided into cash compensation and shares.
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 remuneration was invoiced by and paid each time to Bluereal AG, a public limited company wholly owned by Christoph Caviezel.
The general meeting of 31 March 2021 approved the Board of Directors' maximum total compensation of CHF 650,000 for the period from that date until the next annual general meeting of 2022.
The compensation increased by CHF 221,000 relative to the prior year. The change results solely from the fact that the Board of Directors was compensated for a full year and not just for 7 months. The compensation otherwise remained unchanged.
Reconciliation between the reported Board compensation and the amount approved by the shareholders at the AGM
| AGM 2021 – AGM 2022 | Compensation in the financial year 2020 2021 (A) | Minus the compensation from January to AGM 2021 (B) | Plus the compensation from January to the AGM 2022(C) | Compensation in the period from AGM 2021 to AGM 2022>(A)-(B)+(C) | The maximum compensation approved at the AGM 2021 for the period from the listing date until the AGM 2022 | Ratio of paid compensation to approved compensation |
| 31.1.2021 - 31.12.2021 | 1.1.2021 - 31.3.2021 | 1.1.2022 - 31.3.2022 | 1.4.2021 - 30.3.2022 | |||
| Total (TCHF) | 564 | 146 | 141 | 559 | 650 | 86.0% |
| Listing (12.6.2020) – AGM 2021 | Compensation in the financial year 2020 (from the listing date)(A) | Plus the compensation from January to the AGM 2021 (B) | Compensation in the period from the listing date until the AGM 2021 (A)+(B) | The maximum compensation approved at the AGM 2020 for the period from the listing date until the AGM 2021 | Ratio of paid compensation to approved compensation |
| 12.6.2020 - 31.12.2020 | 1.1.2021 - 31.3.2021 | 12.6.2020 - 31.3.2021 | |||
| Total (TCHF) | 343 | 146 | 489 | 540 | 90.6% |
Additional information about the Board of Directors’ compensation
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
Financial Year 2021
| Marc Pointet (CEO) | Base salary (cash) | Total under STIP1 | Cash component under STIP22 | Number of RSUs under STIP3, 4 | Attributable value of RSUs5 | Further compensation6 | Social security | Total for 2021 |
| Total in CHF | 430 | 294 | 147 | 7,835 | 147 | 29 | 148 | 901 |
1 First the total variable compensation under the STIP is stated and then divided into cash compensation and RSU. In 2021, 171% of the STI target was achieved (previous year: 120%).
2 The cash component for the 2021 performance year will be disbursed in 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 2022. The RSUs will be granted in March 2022.
5 The value of the RSUs corresponds to the average share price in January 2022, since the share price at grant is not known until after the publication of the Compensation Report.
6 Further compensation” means perks such as mobility allowance and child benefits.
7 The social security expenses include the mandatory employer's contributions as well as the pension fund contributions according to the governmental requirements and market practices.
Financial Year 2020 (from the listing date of 12 June 2020)
| Marc Pointet (CEO) | Base salary (cash) | Total under STIP1 | Cash component under STIP2 | Number of RSUs under STIP3, 4 | Attributable value of RSUs5 | Further compensation6 | Social security contributions7 | Total for 2020 |
| Total in CHF | 251 | 120 | 60 | 3,182 | 60 | 17 | 88 | 472 |
1 First the total variable compensation under the 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 1,100,000 for the financial year 2021. Thus, the total compensation paid to the CEO in financial year 2021 does not exceed the maximum approved amount and corresponds to 81.9%.
The CEO's variable compensation in the financial year 2021 amounted to 68.4% of his fixed compensation.
Compared to the previous year, the compensation has increased by approximately CHF 429,000. The change results on the one hand from the fact that the CEO was compensated for a full year and not only for 7 months and on the other hand from the higher target achievement. The monthly base salary is, however, unchanged compared to the previous year.
Additional information on the CEO’s 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.