Annual report 2018

Galenica annual report 2018 | 77 Remuneration Report Remuneration of the members of the Board of Directors in 2017 (9 months, from IPO in April 2017) Fee Number of shares in thousand CHF Fee in cash Equivalent in shares Other remuneration 1) Total Held as at 31.12.2017 2) Allocated for 2017 Jörg Kneubühler, Chairman 184 245 23 452 19,152 5,020 Daniela Bosshardt-Hengartner — 150 8 158 — 3,074 Michel Burnier — 120 5 125 — 2,459 Fritz Hirsbrunner — 130 4 134 635 2,664 Philippe Nussbaumer — 110 6 116 1,695 2,254 Andreas Walde — 140 7 147 — 2,869 Remuneration of the members of the Board of Directors 184 895 53 1,132 21,482 18,340 1) Other remuneration corresponds to the social security costs due from the member of the Board of Directors but paid by Galenica as well as the employer’s contribution to the pension funds. The employer’s contributions to social security costs for 2017 amounted to CHF 53,000 2) Shares held by related parties of members of the Board of Directors are included in the declaration of the totals disclosed above Remuneration of the members of the Corporate Executive Committee in 2017 1) (9 months, from IPO in April 2017) in thousand CHF Total of which Jean-Claude Clémençon Base salary 1,158 337 Bonus in cash 497 187 Bonus in shares 261 86 Long-term Incentive Programme 2) 403 159 Contributions to pension funds 181 57 Other remuneration 3) 20 9 Remuneration received 2,520 835 Social security costs 180 58 Remuneration of the members of the Corporate Executive Committee 2,700 893 1) Including remuneration of Daniele Madonna, Head of Retail Business sector, from1 December 2017 2) The performance units falling due after three years are included with the fair value at grant based on the estimated target achievement (IFRS 2). The LTI Programme 2017–2019 was granted in PSU Vifor Pharma on 1 January 2017 and was converted to PSU Galenica due to the IPO. The total remuneration of the LTI Programme 2017–2019 for the Corporate Executive Committee amounts to CHF 537,000, whereof CHF 212,000 is related to Jean-Claude Clémençon 3) Including private utilisation of company car Shareholdings and rights to performance share units of members of the Corporate Executive Committee (2017) Long-term Incentive Programme (LTI) Performance share units (PSU) 2) Number of shares held as at 31.12.2017 1) PSU granted in 2017 (potential vesting at 31.12.2019) 3) PSU granted in 2016 (potential vesting at 31.12.2018) 3) PSU granted in 2015 (potential vesting at 31.12.2017) 3) PSU pending Jean-Claude Clémençon 80 4,739 2,089 5,635 12,463 Felix Burkhard 9,344 2,913 1,628 4,623 9,164 Daniele Madonna 4) 1,396 1,212 329 — 1,541 Torvald de Coverly Veale 220 1,898 863 1,904 4,665 Christoph Amstutz 160 1,635 740 1,917 4,292 1) Shares held by related parties of members of the Corporate Executive Committee are also included in the totals disclosed above 2) Each performance share unit transforms at vesting into one share 3) The shares corresponding to the PSU are transferred to the beneficiaries in the subsequent year 4) Head Retail Business sector and member of the Corporate Executive Committee since 1 December 2017 For better comparability, the number of performance share units is shown already when granted and not only at vesting after the three-year plan period expires. Included in the table above is the expected number of performance share units that will – based on the current assessment of target achievement – ultimately vest. Previous-year figures 2017 Galenica