THE GUIDING PRINCIPLES OF THE REWARD STARTEGY

CEO-GM PAY MIX IN CASE OF OVER-ACHIEVEMENT


CONDITIONS AND PERFORMANCE TARGETS OF VARIABLE REMUNERATION FOR THE CEO-GM

The remuneration for membership in the Board Committees in 2021 is as follows.


SUMMARY OF PERFORMANCE TARGETS OF THE SHORT-TERM AND MEDIUM/LONG-TERM INCENTIVE SCHEMES 2022

[1] "Ref. Annex "Guidelines for BancoPosta RFC's remuneration and incentive policy for 2022."
TABLE 1: REMUNERATION PAID TO MEMBERS OF THE BOARD OF DIRECTORS AND BOARD OF STATUTORY AUDITORS, GENERAL MANAGERS AND OTHER KEY MANAGEMENT PERSONNEL

BOARD OF DIRECTORS
Name and surname or |
Position |
Period |
Expiry |
Fixed |
Fee for |
Variable non-equity payments |
Benefits |
Other |
Total |
Fair Value |
Severance indemnity |
|
---|---|---|---|---|---|---|---|---|---|---|---|---|
Bonus
|
Profit sharing |
|||||||||||
(A) | (B) | (C) | (D) | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
Maria Bianca Farina |
Chairwoman | 01/01/2021 - 31/12/2021 |
appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€480,000 | € 7,595 | € 487,595 | |||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €480,000 | €7,595 | €487,595 | |||||||||
Matteo Del Fante |
Chief Executive Officer and General Manager |
01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€1,255,0001 | €374,914 | €8,388 | €1,638,302 | €785,192 | |||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €1,255,000 | €374,914 | €8,388 | €1,638,302 | €785,192 | |||||||
Notes: 1 Of which €490,000 as Chief Executive Officer (consisting of €40,000 in remuneration determined by the General Meeting of shareholders in accordance with art. 2389, paragraph 1 of the Italian Civil Code and €450,000 in remuneration in accordance with art. 2389, paragraph 3 of the Italian Civil Code) and €765,000 as General Manager. | ||||||||||||
3. Giovanni Azzone |
Director | 01/01/2021 - 31/12/2021 |
appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €42,5001 | €548 | €83,048 | ||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €42,500 | €548 | €83,048 | ||||||||
Notes: 1 Of which € 25,000 for the office of Chairman of the Remuneration Committee, € 17,500 for membership in the Nominations and Corporate Governance Committee. | ||||||||||||
4. Bernardo De Stasio | Director | 01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €77,5001 | €117,500 | |||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €77,500 | €117,500 | |||||||||
Notes: 1 Of which € 35,000 for the office of Chairman of the Control and Risk Committee, € 25,000 for the office of Chairman of the Nominations and Corporate Governance Committee and € 17,500 for membership in the Related and Connected Parties Committee. | ||||||||||||
5. Daniela Favrin | Director | 01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €42,5001 | €548 | €83,048 | ||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €42,500 | €548 | €83,048 | ||||||||
Notes: 1 Of which € 25,000 for the office of Chairman of the Sustainability Committee and € 17,500 for membership in the Remuneration Committee. | ||||||||||||
6. Davide Iacovoni | Director | 01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €42,5001 | €82,5002 | |||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €42,500 | €82,500 | |||||||||
Notes: 1 Of which € 25,000 for membership in the Control and Risk Committee and € 17,500 for membership in the Sustainability Committe. 2 Paid to employer. |
||||||||||||
7. Mimi Kung |
Director | 01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €35,0001 | €548 | €75,548 | ||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €35,000 | €548 | €75,548 | ||||||||
Notes: 1 Of which € 17,500 for the membership in the Nominations and Corporate Governance Committee and € 17,500 for membership in the Related and Connected Parties Committee. | ||||||||||||
8. Elisabetta Lunati | Director | 01/01/2021 - 31/12/2021 | appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €42,5001 | €82,500 | |||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €42,500 | €82,500 | |||||||||
Notes: 1 Of which € 25,000 for the office of Chairwoman of the Related and Connected Parties Committee and € 17,500 for membership in the Remuneration Committee. | ||||||||||||
9. Roberto Rossi |
Director | 01/01/2021 - 31/12/2021 |
appr. 2022 financial statements |
|||||||||
(I) Remuneration from company preparing financial statements |
€40,000 | €42,5001 | €82,500 | |||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €40,000 | €42,500 | €82,500 | |||||||||
Notes: 1 Of which € 25,000 for membership in the Control and Risk Committee and € 17,500 for membership in the Sustainability Committe. |
BOARD OF STATUTORY AUDITORS
Name and surname or |
Position |
Period |
Expiry |
Fixed |
Fee for |
Variable non-equity payments |
Benefits |
Other |
Total |
Fair Value |
Severance indemnity |
|
---|---|---|---|---|---|---|---|---|---|---|---|---|
Bonus
|
Profit sharing |
|||||||||||
(A) | (B) | (C) | (D) | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
1. Mauro Lonardo |
Chairman of the Board of Statutory Auditors |
01/01/2021 - 31/12/2021 |
appr. 2021 financial statements |
|||||||||
(I) Remuneration from company preparing financial tatements |
€80,000 | €80,000 | ||||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €80,000 | €80,000 | ||||||||||
2. Anna Rosa Adiutori |
Standing Auditor |
01/01/2021 - 31/12/2021 | appr. 2021 financial statements |
|||||||||
(I) Remuneration from company preparing financial tatements |
€70,000 | €70,000 | ||||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €70,000 | €70,000 | ||||||||||
3. Luigi Borrè |
Standing Auditor |
01/01/2021 - 31/12/2021 |
appr. 2021 financial statements |
|||||||||
(I) Remuneration from company preparing financial tatements |
€70,000 | €70,000 | ||||||||||
(II) Remuneration from subsidiaries and associates |
||||||||||||
(llI) Total | €70,000 | €70,000 | ||||||||||
Key Management Personnel (12 resources1) | ||||||||||||
(I) Remuneration from company preparing financial statements | €4,983,769 | €3,540,571 | €168,536 | €8,692,877 | €2,084,390 | |||||||
(II) Remuneration from subsidiaries and associates | 2 | 3 | 4 | |||||||||
(llI) Total | €4,983,769 | €3,540,571 | €168,536 | €8,692,877 | €2,084,390 | |||||||
Notes: 1 There is no requirement, under existing regulations, for disclosure on an individual basis, given that in 2021, none of the Key Management Personnel received higher total compensation than the CEO-GM. 2 Remuneration payable for the role of Director and for specific positions held in Group companies, approved in accordance with art. 2389 of the Italian Civil Code, amounting to a total of €937,617, is paid entirely to Poste Italiane SpA. 3 Remuneration for membership in the Board committees of the Group companies, amounting to a total of €9,000, is paid entirely to Poste Italiane SpA. 4 Remuneration for specific positions held in Group companies, approved in accordance with art. 2389 of the Italian Civil Code, amounting to a total of €335,184, is paid entirely to Poste Italiane SpA. |
The amounts included in the tables are computed on an accruals basis in respect of fixed remuneration and the short-term incentive scheme (“MBO”). The variable pay shown in the tables is based on an estimate of the amount payable at the time of preparing this document, whilst awaiting approval of the Company’s financial statements by the Shareholders’ Meeting.
Last update: May 27, 2022
- Remuneration Highlights 2022
- Report on the 2022 remuneration policy and on the amounts paid in 2021
- Equity-based incentive plans
- Remuneration Highlights 2021
- Report on the 2021 remuneration policy and on the amounts paid in 2020
- Equity-based incentive plans
- Remuneration Highlights 2020
- Report on the 2020 remuneration policy and on the amounts paid in 2019
- Information document on Equity-based incentive plan
- Remuneration report 2019
- Information circular 2019 on Equity-based incentive plans
- Remuneration report 2018
- Incentive plan, based upon financial instruments, addressed to the material Risk Takers of BancoPosta’s Ring-Fenced Capital
- Remuneration report 2017
- Remuneration report 2016
- Information document related to the LTI plan 2016-2018
- Information Circular related to the STI plan 2017 for BancoPosta’s MRT