70
Remuneration Report 2023
Introduction
End of blocking period
Award
Grant date
Vesting date
Van den Broek
Extraordinary share award
01.06.2021
6,578
642,144
01.06.2021
3,321
01.06.2026
305,333
Extraordinary share award
01.06.2021
13,155
1,284,191
01.06.2022
6,643
01.06.2026
610,757
Extraordinary share award
01.06.2021
13,155
1,284,191
01.06.2023
6,643
01.06.2026
610,757
Extraordinary share award
01.06.2021
6,578
642,144
01.03.2024
t.b.d.
01.06.2026
305,333
Sustainability
Review
Report
of the
Supervisory
Board
Other
Information
Financial
Statements
Report
of the
Executive
Board
ad (5) - Matching entitlements: Number of matching entitlements vesting
These entries refer to the number of matching share entitlements that vested after year-end 2023, as a result
of the investment in shares of part of the STI payout for performance year 2018 and the holding of these
investment shares until year-end 2023. Since neither Mr. Van den Brink nor Mr. Van den Broek were part of
Executive board in 2018, no matching shares entitlements vested after year-end 2023.
ad (6) - Matching entitlements: Value of matching entitlements vesting
The value of matching share entitlements vesting is based on the closing share price on 31 December 2023
of €91.94. Since neither Mr. Van den Brink nor Mr. Van den Broek were part of Executive board in 2018, no
matching shares entitlements vested after year-end 2023.
ad (7) - Pension cost
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.
No. of the shares
granted1
Value of shares
conditionally granted as
of the grant date in
As compensation for lost long-term incentive remuneration that Mr. Van den Broek held with his previous
employer, an Extraordinary Share Award of 39,466 shares of Heineken N.V. (gross) was granted as of the
moment of his appointment as CFO and member of the Executive Board by the 2021 annual general meeting.
This is a time-vested conditional grant, of which 6,578 shares vested on 1 June 2021, 13,155 shares vested on
1 June 2022, and 13,155 shares vested on 1 June 2023. The remainder of the award will vest on 1 March 2024.
In line with the retention requisite of best practice provision 3.1.2 of the Dutch Corporate Governance Code,
Mr. Van den Broek has an obligation to retain and hold the shares for a period of five years from the date of the
award. This holding period will continue to apply in respect of vested shares after termination of the Assignment
Agreement for whatever reason.
ad (8) - Extraordinary Share Grants: Number of extraordinary shares vesting
The table below provides an overview of Extraordinary Share grants as of 31 December 2023.
No. of shares vesting on
the vesting date2
Heineken
N.V.
Annual
Report
2023
Value of unvested or
blocked shares as of
31.12.2023
in €3
ad (4) - 2021-2023 Long-term incentive: Value of performance shares vesting
The value of performance shares vesting is based on the closing share price on 31 December 2023 of €91.94.
1 The ‘Number of shares granted’ refers to the grant in before-tax terms (i.e., before tax withholding).
2 Vested shares are disclosed in after-tax terms (i.e., after deduction of withholding tax due).
3 The closing share price on 31 December 2023 was €91.94.
