Here you will find documents concerning remuneration guidelines, remuneration reports and incentive plans.
The following document contains guidelines for remuneration to senior executives, as adopted by the 2022 Annual General Meeting.
The following document contains guidelines for remuneration reports, as adopted by the 2023 Annual General Meeting.
The structure of Castellum’s incentive program is based on the objective to align the interests of the group executive management with the interests of the shareholders by way of the group executive management also being shareholders of Castellum and by increasing the share of the total remuneration which is connected to the development of the group.
Currently, Castellum has two profit and share price based incentive programs. The first program concerns the period 2020-2023 and the second program concerns the period 2022-2024, and thereafter new three years periods start rolling yearly.
The incentive program for 2020-2023 is made up of two parts, one part which is based on the profit each year and the outcome of individually determined factors (“STI”) as well as one part which is based on the total return on the Castellum share over a three-year period (“LTI”).
Executives in receipt of variable remuneration according to the incentive plan must acquire Castellum shares for at least half of the amount of the payment due after tax. The paid incentive does not affect pensionable contributions.
Current incentive plan applies for the period from 2020 to 2022 for the earnings-based component and from June, 2020 to May, 2023 for the share price-related component.
The incentive program for 2022-2024 is made up of two parts, one part which is based on the profit each year and the outcome of individually determined factors for the current year (“STI”) as well as a share price based part which is based on the total return on the Castellum share over a three-year period (“LTI”).
Executives in receipt of variable remuneration according to the incentive plan must acquire Castellum shares for at least half of the amount of the payment due after tax. The paid incentive does not affect pensionable contributions.
Current incentive plan applies for 2023 for the earnings-based component and from January, 2022 to December, 2024 for the share price-related component, and thereafter continuously during the period of 2023-2025, 2024-2026 etc., until the board of directors decides otherwise.