REMUNERATION
Inderes has two main principles for remuneration: getting the right people on the team and keeping the right people on the team. The company's remuneration is built around these two principles. All employees are compensated on the basis of a fixed salary, benefits and employee stock ownership programs. In addition, Inderes has an employee share savings program for all employees and a long-term incentive program for the company's key personnel.
Employee share savings program
The purpose of the share purchase program is to strengthen the commitment of all employees to the company's long-term development and to strengthen the company's attractiveness as an employer.
On April 25, 2023, the Board of Directors of Inderes resolved to establish a share savings plan for permanent employees of Inderes and its wholly owned subsidiaries. The share savings plan gave permanent employees of Inderes and its wholly owned subsidiaries the opportunity to invest in new shares issued by Inderes.
4th period (2026–2028)
in the fourth period of the share savings plan, the subscription price is the transaction volume-weighted average daily price of Inderes Oyj’s share between January 22 and April 22, 2026. Participation in the plan necessitates, among other things, that the employee has not sold any Inderes Oyj shares they own between October 27, 2025, and April 27, 2026.
Employees who commit to the program for a two-year savings period are rewarded with one additional share (gross) for each share purchased. In order to receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, in order to receive the additional shares, the employee must not sell any of their Inderes shares within six months of the subscription date.
3rd period (2025–2027) add
In the third period of the share savings plan, the subscription price is the transaction volume-weighted average daily price of Inderes Oyj’s share between January 23 and April 23, 2025, minus ten percent. Participation in the plan necessitates, among other things, that the employee has not sold any Inderes Oyj shares they own between October 28, 2024, and April 28, 2025.
Employees who commit to the plan for a two-year savings period are rewarded with one additional share (gross) for each share purchased. To receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, to receive the additional shares, the employee must not sell any of their Inderes shares within six months of the subscription date.
A total of 17,363 shares are issued under the new share savings plan, representing 1.0 percent of the total number of Inderes Oyj shares before the issuance of the new shares and 1.0 percent of the total number of shares after the issuance of all new shares.
2nd period (2024–2026) add
In the second period of the share savings plan, the subscription price was the transaction volume-weighted average daily price of Inderes’ share between January 22, 2024, and April 22, 2024 minus ten percent.
Employees who commit to the program for a two-year savings period are rewarded with one additional share (gross) for each share purchased. In order to receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, in order to receive the additional shares, the employee must not sell any of his or her Inderes shares within six months of the subscription date.
A total of 17,192 shares were issued under the share savings program, representing 1.0% of the total share capital of Inderes before the issuance of the new shares and approximately 1.0% of the total share capital after the issuance of the new shares.
1st period (2023–2025) add
In the first period of the share savings plan, the subscription price was the transaction volume-weighted average daily price of Inderes’ share between January 24, 2023, and April 24, 2023 minus ten percent.
Employees who commit to the program for a two-year savings period are rewarded with one additional share (gross) for each share purchased. In order to receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, in order to receive the additional shares, the employee must not sell any of his or her Inderes shares within six months of the subscription date.
A total of 20,545 shares were issued under the share savings program, representing 1.2% of the total share capital of Inderes before the issuance of the new shares and approximately 1.2% of the total share capital after the issuance of the new shares.
Long-term incentive scheme (2026–2028)
The purpose of the incentive scheme is to strengthen shareholder value creation, support the implementation of the company's long-term strategy, and commit key roles crucial for the company’s strategy.
The first plan of the scheme, PSP 2026–2028, commenced on March 1, 2026, and ends on February 28, 2029. Any rewards earned under this plan will be paid in Inderes Oyj listed shares during the first half of 2029. Reward payment is conditional on meeting the performance targets set by the Board of Directors for the plan.
Approximately 15 individuals in management and key business roles are included in the plan.
Performance metric
The sole performance metric of the program is Inderes Oyj's absolute total shareholder return ("TSR"), which considers both share price development and paid dividends over a three-year performance period. The reward increases linearly from the minimum threshold (EUR 20) to the target level (EUR 30), and subsequently to the maximum level (EUR 60), where the full reward is earned.
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