The aim of the new plan is to combine the objectives of the shareholders and the incoming CFO in order to increase the value of the company in the long-term, to retain the CFO at the company, and to offer him a competitive reward plan based on receiving and accumulating the company´s shares.
The new CFO Restricted Share Plan 2021—2024 includes three vesting periods ending on 1 August 2022, 2023 and 2024. The rewards to be paid on the basis of the plan correspond to the value of a total of 45,000 Citycon shares including also potential cash proportion to be used for taxes and tax-related costs. The rewards from the plan will be paid in three equal instalments, after the end of each vesting period, unless the CFO has terminated his director contract.
