BASF Report 2022

30. Compensation of the Board of Executive Directors and Supervisory Board

Compensation of the Board of Executive Directors and Supervisory Board (Million €)

 

2022

2021

Non-performance-related and performance-related cash compensation of the Board of Executive Directors

18.5

31.1

Fair value of performance share units allocated to the Board of Executive Directors in the fiscal year as of allocation date

10.0

12.3

Total compensation of the Board of Executive Directors

28.5

43.4

Service costs for members of the Board of Executive Directors

3.7

3.6

 

 

 

Compensation of the Supervisory Board

3.3

3.3

Total compensation of former members of the Board of Executive Directors and their surviving dependents

9.1

14.3

Pension provisions for former members of the Board of Executive Directors and their surviving dependents

160.4

196.9

Guarantees assumed for members of the Board of Executive Directors and the Supervisory Board

The STI performance bonus is based on the performance of the Board of Executive Directors as a whole and the return on capital employed (ROCE) of the BASF Group. Subject to certain conditions, ROCE is adjusted for special items from acquisitions and divestitures. The conditions for a ROCE adjustment were not met in 2022.

Market valuation of the option rights of active and former members of the Board of Executive Directors resulted in income totaling €2.3 million (2021: €0.8 million) in 2022.

In 2022, members of the Board of Executive Directors were allocated 166,001 performance share units (PSUs) under the LTI performance share program (2021: 187,618 PSUs). Market valuation of the PSUs of members of the Board of Executive Directors resulted in an expense totaling €6.7 million in 2022 (2021: €9.6 million).

Chart Generator

Key Figures Comparison

Topic filter