tiï O A
Notes to the Consolidated Financial Statements (continued)
-
-
Introduction Report of the Executive Board Report of the Supervisory Board
As at 31 December 2018, Mr. J.F.M.L van Boxmeer held 259,149 Company shares and Mrs. L.M. Debroux held
28,159 Company shares (2017: Mr. J.F.M.L. van Boxmeer 240,695 and Mrs. L.M. Debroux 11,829).
2018
2017
J.F.M.L. van
L.M.
J.F.M.L. van
L.M.
In thousands of
Boxmeer
Debroux
Total
Boxmeer
Debroux
Total
Fixed salary
1,250
735
1,985
1,200
720
1,920
Short-Term Incentive
2,730
1,147
3,877
2,736
1,173
3,909
Matching share entitlement
610
256
866
622
266
888
Long-Term Incentive
2,732
1,360
4,092
3,623
1,739
5,362
Pension contributions
873
145
1,018
858
142
1,000
Other emoluments
49
162
211
21
163
184
Total
8,244
3,805
12,049
9,060
4,203
13,263
The matching share entitlements for each year are based on the performance in that year. The Executive
Board members receive 25% of their STV pay in (investment) shares. In addition they have the
opportunity to indicate before year-end whether they wish to receive up to another 25% of their STI in
(investment) shares. All (investment) shares are restricted for sale for five calendar years, after which they
are matched 1:1 by (matching) shares. For 2018 the Executive Board members did not elect to receive
additional (investment) shares, hence the 'Matching share entitlement' in the table above is based on a
25% investment. In 2017 the investment was 25% for both Executive Board members as well. From an
accounting perspective the corresponding matching shares vest immediately and as such a fair value of
€0.9 million was recognised in the 2018 income statement. The matching share entitlements are not
dividend-bearing during the five calendar year holding period of the investment shares. Therefore, the fair
value of the matching share entitlements has been adjusted for missed expected dividends by applying a
discount based on the dividend policy and vesting period.
Heineken N.V. Annual Report 2018! 110
Financial Statements
Sustainability Review
Other Information
Supervisory Board
The individual members of the Supervisory Board received the following remuneration:
In thousands of
2018
2017
G.J. Wijers
163
160
J.A. Fernandez Carbajal
109
114
M. Das
85
85
M.R. de Carvalho
96
90
A.M. Fentener van Vlissingen1
43
85
V.C.O.B.J. Navarre
74
70
J.G. Astaburuaga Sanjinés
104
99
H. Scheffers2
40
J.M. Huët
86
82
P. Mars-Wright
103
95
Y. Dervijoglu
70
70
M Helmes3
62
995
990
1 Stepped down as at 19 April 2018.
2 Stepped down as at 20 April 2017.
3 Appointed as at 19 April 2018.
Mr. Michel de Carvalho held 100,008 shares of Heineken NV as at 31 December 2018 (2017: 100,008
shares). As at 31 December 2018 and 2017, the Supervisory Board members did not hold any of the
Company's bonds or option rights. Mr. Michel de Carvalho held 100,008 shares of Heineken Holding NV
as at 31 December 2018 (2017: 100,008 ordinary shares).
Heineken Holding N.V.
In 2018, an amount of €1,393,537 (2017: €714,412) was paid to Heineken Holding NV for management
services for HEINEKEN.
This payment is based on an agreement of 1977 as amended in 2001, providing that Heineken NV
reimburses Heineken Holding N.V. for its costs.
