Remuneration of the Management Board - Flughafen Zürich AG

2. Remuneration of the Management Board

a) for the reporting period (2022):

(in CHF)	Salary	Variable remuneration (cash) 1)	Variable remuneration (shares) 1)	Pension and social insurance contributions	Miscellaneous 2)	Total CHF	Number of shares 3)	Share price (CHF) 3)
Recipient
Stephan Widrig (CEO)	420,000	363,977	182,023	254,763	27,818	1,248,581	1,272	143.10
Other members of the Management Board 4)	1,695,027	749,152	320,115	752,913	171,332	3,688,539	2,237	143.10
Total	2,115,027	1,113,129	502,138	1,007,676	199,150	4,937,120	3,509

Total amount approved by the Annual General Meeting						5,500,000

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) Miscellaneous includes representation expenses and the company car, in individual cases it can also include other items such as a long-service gift.

3) 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.

4) A new member joined the Management Board on 1 June 2022.

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 reduced by the Board of Directors, taking due account of special factors, and set at 130%. In the previous year, the level of target achievement was also above 100%, and the variable remuneration for the Management Board was reduced to 100 % in view of the consolidated loss.

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 2022.

b) for the prior year (2021):

(in CHF)	Salary	Variable remuneration (cash) 1)	Variable remuneration (shares) 1)	Pension and social insurance contributions	Miscellaneous 2)	Total CHF	Number of shares 3)	Share price (CHF) 3)
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 4)	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

2) Miscellaneous includes representation expenses and the company car, in individual cases it can also include other items such as a long-service gift.

3) 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.

4) A new member joined the Management Board on 1 August 2021.