Remuneration Report (continued)
ad (4) - 2017-2019 Long-term incentive: value of performance shares vesting
ad (5) - Number of matching entitlements vesting
ad (6) - Value of matching entitlements vesting
ad (7) - Pension cost
O O Qs
Report of the Executive Board
Report of the Supervisory Board
Financial Statements
Sustainability Review
Heineken N.V. Annual Report 2019160
Other Information
Van Boxmeer
Debroux
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 31.12.20195
in
2019
24,288
2,094,597
02.2022
t.b.d.
t.b.d.
14.02.2024
1,224,848
2018
21,570
1,771,760
02.2021
t.b.d.
t.b.d.
13.02.2023
1,087,783
2017
25,260
1,910,414
13.02.2020
45,468
24,157
16.02.2022
2,292,982
2016
22,852
1,665,225
14.02.2019
41,820
21,279
11.02.2021
2,019,803
2015
29,263
1,942,771
13.02.2018
47,699
24,175
12.02.2020
2,294,691
2019
13,763
1,186,921
02.2022
t.b.d.
t.b.d.
14.02.2024
884,275
2018
10,569
868,138
02.2021
t.b.d.
t.b.d.
13.02.2023
679,058
2017
12,630
955,207
13.02.2020
22,734
15,389
16.02.2022
1,460,724
2016
11,426
832,613
14.02.2019
20,910
13,836
11.02.2021
1,313,313
2015
11,857
787,186
13.02.2018
19,327
12,762
24.04.2020
1,211,369
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 2015, 2016 and 2017 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 2018 and 2019 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 2019 is €94.92.
The value of performance shares vesting is based on the share price as 31 December 2019 of €94.92.
These entries refer to the number of matching share entitlements that vested after year-end 2019, as a result of the investment in shares of part of the STI payout for performance year 2014, and holding on to these
investment shares until year-end 2019. For the CEO this number of matching shares is the result of a 25% 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 2019 of €94.92.
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.
