Remuneration | FLSmidth

Learn more about remuneration at FLSmidth

Read FLSmidth & Co. A/S's overall Remuneration Policy in English.

Incentive plans

Total management remuneration is lower in 2022 than 2021. This is primarily due to the termination package to the former Group CEO in 2021 and from lower other incentive payments in 2022 than 2021.

Short term incentive programme (STIP)

The pay-out under the short-term incentive programme is above target based on the achievement of financial KPIs and individual goals.

Long term incentive programme (LTIP)

In 2022, management received no pay-out for the 2019 LTIP as the EBITA result was under the EBITA trigger level.

The KPIs for the LTIP programme granted in 2022 are: EBITA margin, total shareholder return and a sustainability-linked KPI. The KPIs planned for the 2023 LTIP are in line with the 2022 programme, however the weight of the KPIs will change.

Remuneration reports

Remuneration 2022: See the remuneration of the executive management in the Remuneration Report 2022.
Remuneration 2021: See the remuneration of the executive management in the Remuneration Report 2021.
Remuneration 2020: See the remuneration of the executive management in the Remuneration Report 2020.
Remuneration 2019: See the remuneration of the executive management in the Remuneration Report 2019.