3 Remuneration Report (continued) ad (4) - 2016-2018 Long-term incentive: value of performance shares vesting ad (5) - Matching entitlements: number of matching entitlements vesting ad (6) - Matching entitlements: value of matching entitlements vesting ad (7) - Pension cost O Q, Heineken N.V. Annual Report 2018 58 Report of the Executive Board Report of the Supervisory Board Financial Statements Sustainability Review Other Information Grant date No. of shares conditionally granted at target level1 Value of shares conditionally granted as of the grant date in Vesting date2 No. of shares vesting on the vesting date3 (before-tax) No. of shares vesting on the vesting date4 (after-tax) End of blocking period Value of unvested or blocked shares as of 31.12.20185 in Van Boxmeer 2018 21,570 1,771,760 02.2021 t.b.d. t.b.d. 13.02.2023 847,270 2017 25,260 1,910,414 02.2020 t.b.d. t.b.d. 16.02.2022 992,252 2016 22,852 1,665,225 14.02.2019 41,820 21,279 11.02.2021 1,642,739 2015 29,263 1,942,771 13.02.2018 47,699 24,175 12.02.2020 1,866,310 2014 35,147 1,662,805 16.02.2017 61,508 31,143 13.02.2019 2,404,240 Debroux 2018 10,569 868,138 02.2021 t.b.d. t.b.d. 13.02.2023 539,860 2017 12,630 955,207 02.2020 t.b.d. t.b.d. 16.02.2022 645,160 2016 11,426 832,613 14.02.2019 20,910 13,836 11.02.2021 1,068,139 2015 11,857 787,186 13.02.2018 19,327 12,762 24.04.2020 985,226 1 Determined according to plan rules, using the closing share price of 31 December of the year preceding the grant date. 2 The vesting date is shortly after the publication of the financial statements after completion of the performance period. 3 Vested shares are disclosed in before-tax terms (i.e. before deduction of withholding tax due). 4 Vested shares are disclosed in after-tax terms (i.e. after deduction of withholding tax due). 5 The value for the grants in 2014, 2015 and 2016 is based on the actual number of shares vesting on the vesting date after-tax withholding, i.e. after applying the relevant income tax rate, whereas the value for the grants in 2017 and 2018 is based on the number of performance shares conditionally granted at target level (since the number of performance shares vesting is yet unknown) after applying the currently prevailing income tax rate. The share price as of 31 December 2018 is €77.20. The value of performance shares vesting is based on the share price as of 31 December 2018 of €77.20. These entries refer to the number of matching share entitlements that vested after year-end 2018, as a result of the investment in shares of part of the STI payout for performance year 2013, and holding on to these investment shares until year-end 2018. For the CEO this number of matching shares is the result of a 50% investment of this STI payout in investment shares at the time. For the CFO there is no vesting from this plan yet, given her later appointment to the Executive Board on 23 April 2015. The value of matching share entitlements vesting is based on the share price as of 31 December 2018 of €77.20. The pension costs involve the employer contributions paid in the Capital Creation Plan as well as the employer contributions to the risk insurances for death and disability.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 59