F-SECURE OYJ The Board of Directors of
The Board of Directors of
The purpose of the share-based long-term incentive plans is to align shareholders’ and management’s interests, motivate and incentivize key individuals to focus on F-Secure’s long-term success and targets and to commit key resources in the company.
Performance Share Plan (PSP) 2024–2026
The Performance Share Plan for 2024–2026 commences at the beginning of 2024 and includes a three-year performance period followed by a possible reward payment. The potential reward under the plan will be paid during spring 2027, once the performance period has ended and financial statements have been finalized. The payment of the reward is conditional on the achievement of the performance targets the Board of Directors has set for the plan. The potential reward will be paid, according to the board’s choice, either in F-Secure Corporation’s shares, in cash, or in a combination of these. Cash portion of the reward is intended to cover the taxes and related statutory payments arising from the paid reward.
Approximately 57 individuals are eligible to participate in Performance Share Plan 2024–2026, including the members of F-Secure Corporation’s Leadership Team. As a main rule no reward is paid to an individual participant if the participant has terminated his/her employment or service relationship, or participant’s employment or service relationship is terminated by the company, before the payment of the reward.
The performance targets based on which the potential reward under Performance Share Plan 2024–2026 will be paid are the absolute total shareholder return, earnings per share (EPS) during the period 2024–2026 and revenue growth. If the performance targets set for PSP 2024–2026 are fully achieved, the possible rewards paid based on the plan will be approximately to a maximum of 1,512,000 shares, also including the proportion to be paid in cash. The total maximum value of the PSP 2024–2026 is approximately
The materialised value of the plan may differ from this estimate depending on the share price development and the degree in which the performance targets set for the plan are achieved.
Restricted Share Plan (RSP) 2024–2026
The Restricted Share Plan for 2024–2026 commences at the beginning of 2024 and includes a retention period of three years and the potential reward under the plan will be paid during spring 2027, once the financial statements have been finalized. The company can grant fixed share rewards to individually selected key persons during the retention period.
The purpose of RSP 2024–2026 is to act as a supplementary share-based long-term incentive plan for separately selected F-Secure Corporations key persons in special situations.
The potential reward will be paid, according to the board’s choice, either in F-Secure Corporation’s shares, in cash, or in a combination of these. Cash portion of the reward is intended to cover the taxes and related statutory payments arising from the paid reward. As a main rule no reward is paid to an individual participant if the participant has terminated his/her employment or service relationship, or participant’s employment or service relationship is terminated by the company, before the payment of the reward.
The possible rewards paid based on RSP 2024–2026 correspond approximately to a maximum of 300,000 shares. This number of shares represents gross earnings, from which the portion required to cover the taxes arising from the share plan and other possible applicable tax-related payments is deducted, which is paid in cash. The total maximum value of the RSP 2024–2026 is approximately
The materialised value of the plan may deviate from this estimate, depending on the share price development and the amount of share grants made based on the plan.
Other terms
Board of Directors
For further information, please contact:
Kitta Virtavuo,
tel. +358 40 7577881
kitta.virtavuo@f-secure.com
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