Remuneration Report continued
Contents
Overview
Report of the
Executive Board
Report of the
Supervisory Board
Financial
Statements
Other
Information
Award
Grant date
No. of
shares
granted1
Value of shares
conditionally
granted as of
the grant date
in EUR
No. of shares
vesting on the End of blocking
Vesting date vesting date2 period
Value of
unvested or
blocked shares
as of
31.12.20153
in EUR
Van Boxmeer
Extraordinary
share award
26.042013
45,893
2,520,000
26.04.2013
24,373
26.04.2018
1,919,861
Retention
share award
26.042013
27,317
1,500,000
26.04.2015
27,317
26.04.2018
2,151,760
Debroux
Extraordinary
share award
24042015
1,000
73,640
24.04.2015
681
24.04.2020
53,642
Extraordinary
share award
24042015
1,000
73,640
24.04.2016
675
24.04.2020
53,170
1 The 'Number of shares granted' refers to the grant in gross terms (i.e. before tax withholding).
2 As the table reveals, income tax is withheld from the Extraordinary share awards themselves; the Retention share award to Mr. Jean-Franqois van Boxmeer has
vested 'gross', i.e. withholding tax has been withheld and paid from other sources than the share award itself.
3 The value of the share awards is based on the 'Number of shares vesting on the vesting date'.
Part III - Adjustments to the Executive Board target remuneration for 2016 within prevailing policy
The Supervisory Board reviewed the remuneration policy versus its implementation, and concluded that there were no reasons to recommend policy
adjustments to the 2016 Annual General Meeting. In regard of implementation, the Supervisory Board decided to increase the Executive Board base
salaries to the aspired policy levels, thereby bringing their target variable remuneration closer to the aspired policy levels as well.
For the CEO the base salary has been increased from EU R1,150,000 for 2015 to EUR1,200,000 for 2016, and for the CFO from EU R610,000 for 2015 to
EUR720,000 for 2016. The short- and long-term variable pay opportunities, as percentage of base salary, have remained unchanged. Hence, since only
base salaries changed, the pay mix as depicted on page 55 remains unchanged.
Supervisory Board Heineken N.V.
Amsterdam, 9 February 2016
59 Fleineken N.V. Annual Report 2015