Remuneration Report continued
Report of the
1 Report of the
Financial
Contents
Overview
Executive Board
Supervisory Board
statements
Other information
The table below provides an overview of the investment shares that were awarded as part of STV payouts in the past, but that are
blocked and awaiting 1:1 matching by the Company, provided the conditions thereto are met:
STV
payout for
of ST V payout
invested in shares
No. of investment
shares awarded1-2
Value of
investment shares
as of the award
date in EUR
End of blocking
period
Value of
investment shares
as of 31.12.2013
in EUR
Van Boxmeer
2013
50%
t.b.d.
563,500
31.12.2018
n.a.
2012
50%
12,391
680,638
31.12.2017
608,150
2011
50%
23,272
882,009
31.12.2016
1,142,190
2010
50%
16,125
653,125
31.12.2015
791,415
Hooft Graafland
2013
50%
t.b.d.
227,500
31.12.2018
n.a.
2012
50%
5,479
300,961
31.12.2017
268,909
2011
50%
10,291
390,029
31.12.2016
505,082
2010
50%
8,274
335,157
31.12.2015
406,088
1The number of shares awarded in relation to the STV payout for 2011 and beyond is determined by dividing the part of the STV payout that is invested in shares by the
closing share price of the date of publication of the financial statements for that year (and subsequent rounding). For the STV payout for 2013, this date is 12 February 2014,
for the STV payout for 2012, this date was 13 February 2013, and for the STV payout for 2011this date was 15 February 2012.
2The number of shares awarded in relation to the STV payout for 2010 was determined by dividing the part of the STV payout that was invested in shares by the closing share price
of 21 April 2011 (and subsequent rounding), the date on which the AGM approved the Executive Board remuneration policy 2011including this 'deferral-and-matching' proposition.
2011-2013 Long-term variable award
After 2013, the conditional performance shares granted in 2011 are subject to vesting. The vesting of the LTV award for 2011-2013
is subject to Heineken N.V. performance on four financial measures with egual weights. The Supervisory Board determined the results
against the pre-set targets on these measures as follows:
Organic Gross Profit beia Growth - below threshold performance
Organic EBIT beia Growth - below threshold performance
Earnings Per Share (EPS) beia Growth-below threshold performance
Free Operating Cash Flow-between target and maximum performance
As a result, the vesting of the LTV grant for 2011-2013 will be egual to 37.5 percent of the vesting at target level for both CEO and CFO.
Heineken N.V. Annual Report 2013
52
