Employees participate in company’s success
In numerous Group companies, our “plus” share program ensures employees’ long-term participation in the company’s success through incentive shares. In 2022, for example, around 27,100 employees worldwide (2021: around 23,600) participated in the “plus” share program.
BASF offers senior executives the opportunity to participate in a long-term incentive (LTI) program1 in the form of a performance share plan. The LTI program has a term of four years and takes into account the development of the total shareholder return. It incentivizes the achievement of strategic growth, profitability and sustainability targets. To take part in this program, participants must hold BASF shares, the amount of which is based on their individual fixed compensation. In 2022, around 94% of the people eligible to participate in the LTI around the world did so, holding between 30% and 70% of their fixed annual compensation in BASF shares. The share price-based compensation program (BASF Option Program, BOP), which had existed since 1999, was offered for the last time in 2020.