Cargotec’s Board of Directors has resolved on incentive programme’s performance criteria for 2022

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 3 FEBRUARY 2022 AT 1:50 PM (EET)

Cargotec’s Board of Directors has resolved on incentive programme’s performance criteria for 2022

The Board of Directors of Cargotec Corporation has resolved on the performance criteria for the share-based incentive programme for the year 2022. The performance share programme, approved by the Board of Directors in 2020, includes three performance periods, calendar years 2020–2022, 2021–2023 and 2022–2024. Each performance period includes one to three measuring periods. One measuring period can be three calendar years at maximum, which is the total length of one performance period. For the measuring periods, the Board of Directors will annually resolve the length, the performance criteria supporting the implementation of the strategy and the required performance levels for each criterion. Sustainability is an important part of the target setting and rewarding of the key employees.

For the performance period of 2020-2022, the potential reward of the last measuring period 2022 will be based on the business areas’ Mission Climate roadmap and development of the eco portfolio for the key employees of the business areas Kalmar, Hiab and MacGregor. For Cargotec Corporate key employees, the performance criterion is Cargotec’s Mission Climate roadmap and development of the eco portfolio.

For the performance period of 2021-2023, which started last year, the potential reward of the second measuring period 2022 will be based on the business areas’ service gross profit for the key employees of the business areas Kalmar, Hiab and MacGregor. For Cargotec Corporate key employees, the performance criterion is Cargotec’s service gross profit.

Performance criteria for the 2022 measuring period have been defined also for the first half of 2022 in preparation for the planned merger with Konecranes.

Performance criteria for the performance period 2022-2024 will be decided later.

Cargotec Corporation
The Board of Directors

For further information, please contact:
Vesa-Pekka Lankinen, Vice President, Performance and Rewards, tel. +358 20 777 4113
Aki Vesikallio, Director, Investor Relations, tel. +358 40 729 1670

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed the United Nations Global Compact Business Ambition for 1.5°C. The company's sales in 2021 totalled approximately EUR 3.3 billion and it employs around 11,000 people. www.cargotec.com