The Company has issued stock option plans for its key employees, including top and middle management, and employees in certain expert positions. Stock option plans require a corresponding resolution by a General Meeting, and all plans have been unanimously adopted by the relevant General Meetings. Certain large institutional shareholders have adopted guidelines for stock option plans. These guidelines offer advice on the acceptable (maximal) dilution effect, levels of incentives, lock-up periods, length of programs, etc. The Company’s option plans have been designed to comply with these guidelines in all their essentials.
The purpose of the option schemes is to motivate key personnel to contribute to the long-term success of the Company and to create a common understanding of and commitment to the creation of shareholder value. A further purpose is to create a joint sense of common ownership among managers, which is seen as valuable for a company like Konecranes with operations covering many countries, cultures, and customer industries.
The Board decides on the distribution of options to key personnel under a proposal made by the President and CEO. In granting options to the President and CEO, the Board acts independently.
Konecranes Plc’s outstanding stock option plan include Option Series 2009A, 2009B and 2009C.
The stock options issued under Konecranes Plc’s ongoing stock option plan entitle their holders to subscribe for a total of 1,625,129 shares. The option program include approximately 210 key persons.
Maximum number of share subscriptions per plan
Subscription price/share (EUR)
Shares with one option
Terms and conditions
|2009 A||750 000||10.60*||1||
April 1, 2012 -
April 30, 2014
|2009 B||750 000||20.74**||1||
April 1, 2013 -
April 30, 2015
|2009 C||750 000||29.32***||1||April 1, 2014 -April 30, 2016|
*) The original subscription price was EUR 14.55.
**) The original subscription price was EUR 23.79.
***) The original subscription price was EUR 31.37.
Stock options 2009A entitle their holders to subscribe for shares in 2013 as follows:
|Share subscription deadline||Delivery of the subscribed shares lates by|
|January 21, 2013*||January 30, 2013|
|March 11, 2013*||March 20, 2013|
|May 21, 2013||May 30, 2013|
|August 5, 2013||August 14, 2013|
|October 8, 2013||October 17, 2013|
|December 10, 2013||December 19, 2013|
|January 21, 2014||January 30, 2014|