0
63
Remuneration Report 2020
ad (3) - 2018-2020 Long-term incentive: number of performance shares vesting
t.b.d.
10,569
-
-
-
-
-
-
Heineken N.V.
Annual Report 2020
Introduction
Report of the
Executive Board
Report of the Financial
Supervisory Board Statements
Sustainability
Review
Other
Information
In the context of the significant impact of the COVID-19 crisis on the Company, in April 2020 the Supervisory Board decided that regardless of performance conditions achievement, the 2018-2020 LTI related to the
performance period 2018-2020 will not vest
Grant
date
No. of shares Value of shares conditionally
conditionally granted as
granted at of the grant
target level1 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 31.12.20205
in
Van den Brink6
2020
12,144
1,021,310
02.2023
t.b.d.
t.b.d.
14.02.2025
588,551
Debroux
2020
11,194
1,151,303
02.2023
t.b.d.
t.b.d.
14.02.2025
542,485
2019
13,763
1,186,921
02.2022
t.b.d.
14.02.2024
667,001
2018
868,138
02.2021
n.a.
2017
12,630
955,207
13.02.2020
22,734
15,389
16.02.2022
1,403,785
2016
11,426
832,613
14.02.2019
20,910
13,836
11.02.2021
1,262,120
Van Boxmeer
2020
19,754
2,031,699
02.2023
t.b.d.
t.b.d.
14.02.2025
957,354
2019
24,288
2,094,597
02.2022
t.b.d.
t.b.d.
14.02.2024
1,177,103
2018
21,570
1,771,760
02.2021
n.a.
2017
25,260
1,910,414
13.02.2020
45,468
24,157
16.02.2022
2,203,602
2016
22,852
1,665,225
14.02.2019
41,820
21,279
11.02.2021
1,941,070
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 2016, 2017 and 2018 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 2019 and 2020 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 2020 is €91.22
6 Performance shares granted to Mr. Van den Brink as per his appointment as Executive Board member on 24 April 2020.
