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 2021, for example, around 23,600 employees worldwide (2020: around 27,600) participated in the “plus” share program.
Since 2020, BASF has offered 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 2021, around 91% 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.
1 The LTI program referred to here is aimed at management levels 2 to 4 as well as individual employees who have attained senior executive status by virtue of special expertise. For more information on the compensation of the Board of Executive Directors and the Supervisory Board, see the Compensation Report at basf.com/compensationreport