2. Remuneration of the Management Board
a) for the reporting period (2021):
|
(CHF) |
|
Salary |
|
Variable remuneration (cash) 1) |
|
Variable remuneration (shares) 1) |
|
Pension and social insurance contributions |
|
Miscellaneous |
|
Total CHF |
|
Number of shares 2) |
|
Share price (CHF) 2) |
|
Recipient |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stephan Widrig (CEO) |
|
400,000 |
|
266,751 |
|
133,249 |
|
226,371 |
|
26,994 |
|
1,053,365 |
|
812 |
|
164.10 |
|
Other members of the Management Board 3) |
|
1,364,170 |
|
455,463 |
|
226,622 |
|
568,410 |
|
91,614 |
|
2,706,279 |
|
1,381 |
|
164.10 |
|
Total |
|
1,764,170 |
|
722,214 |
|
359,871 |
|
794,781 |
|
118,608 |
|
3,759,644 |
|
2,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total amount approved by the Annual General Meeting |
|
4,500,000 |
|
|
|
|
||||||||||
1) The allocation is rounded down to a whole number of shares and any remainder is added to the cash component. This may result in a slight change in the apportionment of the variable remuneration between cash and equity components, but the total amount remains unchanged.
2) The number of shares stated above is based on the share price at year-end. The definitive number of shares is calculated on the basis of the share price at the payment date.
3) A new member joined the Management Board on 1 August 2021.
Remuneration of members of the Management Board was effected as shown in the above table. The variable component is based on the degree to which the target for the company’s success set by the Board of Directors for the respective financial year was achieved. In the reporting period the level of target achievement was above the target of 100%. In view of the consolidated loss, the variable remuneration for members of the Management Board was reduced to the target of 100%. In the previous year, the Board of Directors had used its discretion in setting the variable remuneration.
The variable remuneration (cash and share components) is accrued for the period under review and paid out in the spring of the following year. The aggregate variable remuneration (cash and share components) amounts to between 50% and 100% of the fixed salary for individual members of the Management Board. Shares awarded as a component of variable remuneration are blocked for a period of four years (see also “Financial report”, “Consolidated financial statements according to IFRS”, “Notes to the consolidated financial statements”,note 3, Personnel expenses). No long-term remuneration or severance payments were made in 2021.
b) for the prior year (2020):
|
(CHF) |
|
Salary |
|
Variable remuneration (cash) 1) |
|
Variable remuneration (shares) 1) |
|
Pension and social insurance contributions |
|
Miscellaneous |
|
Total CHF |
|
Number of shares |
|
Share price (CHF) 2) |
|
Recipient |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stephan Widrig (CEO) |
|
400,000 |
|
186,676 |
|
93,324 |
|
226,332 |
|
26,994 |
|
933,326 |
|
599 |
|
155.80 |
|
Other members of the Management Board |
|
1,260,000 |
|
294,548 |
|
146,452 |
|
518,768 |
|
82,964 |
|
2,302,732 |
|
940 |
|
155.80 |
|
Total |
|
1,660,000 |
|
481,224 |
|
239,776 |
|
745,100 |
|
109,958 |
|
3,236,058 |
|
1,539 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total amount approved by the Annual General Meeting |
|
4,500,000 |
|
|
|
|
||||||||||
1) The allocation is rounded down to a whole number of shares and any remainder is added to the cash component. This may result in a slight change in the apportionment of the variable remuneration between cash and equity components, but the total amount remains unchanged.
2) The number of shares stated above is based on the share price at year-end. The definitive number of shares is calculated on the basis of the share price at the payment date.
