In an interest to increase transparency of past, current and future remuneration programs and in alignment with investor interest and legislative environment the following table demonstrates the change of remuneration for members of the Board, Chief Executive Officer, Members of Executive Committee in comparison to performance of the Group and average remuneration of Solvay employees over period of 5 years.
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2015 |
2016 |
2017 |
2018 |
2019 |
Remuneration for 2019 (Amount) |
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Remuneration for Member of the Board(1) |
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Remuneration of CEO |
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Annual Base on year over year basis |
10% |
0% |
0% |
9% |
NA(2) |
1,150,000 |
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Variable STI payout vs Target |
137% |
121% |
149% |
134% |
118% |
1,361,600 |
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PSU Payout value vs Target |
NA |
54% |
111% |
108% |
NA(2) |
NA(2) |
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LTI Grant value vs Target |
100% |
100% |
100% |
100% |
100% |
1,725,000 |
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Remuneration for Members of Executive Committee |
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Annual Base on year over year basis (includes mandatory increase in Belgium) |
3.3% |
3.5% |
3.5% |
12.2%(3) |
3.6% |
3,124,441 |
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Variable STI payout vs Target |
128% |
112% |
144% |
120% |
72% |
1,266,000 |
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PSU Payout value vs Target |
NA |
54% |
111% |
108% |
84% |
794,774 |
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LTI Grant value vs Target |
100% |
100% |
100% |
200% |
100% |
2,500,000(7) |
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Solvay performance |
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EBITDA growth vs Target for the Year |
109% |
96% |
138% |
105% |
51% |
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Progress towards Sustainable Development objective vs Target for the Year |
174% |
140% |
181% |
165% |
145% |
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Average remuneration of a full-time equivalent basis of employees(8) |
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Employees of the Group |
3% |
16%(5) |
7% |
0.6%(6) |
5% |
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