Remuneration of the Board of Management

The Supervisory Board has adopted a remuneration system for the members of the Board of Management with effect from January 1, 2022, taking into account the requirements of Section 87a Subsection 1 of the German Stock Corporation Act (Aktiengesetz) and has submitted the remuneration system to the Annual General Meeting on June 22, 2022 for approval (item 8 of the agenda).

The Annual General Meeting has approved the remuneration system for the members of the Board of Management with a vast majority of 96.20%.

The compensation system provides for one fixed component and two variable, performance-related components:

  • A fixed base salary.
  • Variable compensation in the form of an annual bonus, 50 % of which are paid out after the end of the business year.
  • The second half of the annual bonus is deferred for another year and is subject to a bonus-malus system before being paid out.
  • Share-based compensation in the form of a four-year plan in connection with stock ownership guidelines. According to the stock ownership guidelines the members of the Board of Management are required to hold a part of their private assets in the form of shares of Daimler Truck Holding AG.

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