F-Secure Corporation, Stock Exchange release, 19 June 2019, at 17.00 EEST
F-Secure Corporation – Share-based incentive program for earning period 2019-2021
F-Secure Corporation's Board of Directors has decided to launch a new earning period 2019 – 2021 of Share-based incentive program in accordance with previously established share-based incentive program 2017 - 2019. The program is directed to F-Secure's top management and key employees selected separately. The aim of the plan is to combine the objectives of the shareholders and the persons participating in the plan in order to increase the value of the company, to commit the key employees to the company, and to offer them a competitive reward program.
The new earning period 2019 - 2021 is the third earning period of 2017 launched performance-based long-term share-based incentive program. The Program offers the target group a possibility to earn F-Secure’s shares as reward based on achieving performance targets set for an earning period. The performance criteria applied for last earning period (2019 – 2021) are the company’s revenue and total shareholder return (TSR) development compared to a corresponding TSR development of pre-defined technology stock indexes.
The target rewards and participants of the incentive program have been decided upon individually.
The maximum gross reward for the share-based incentive program based on the earning period 2019-2021 is 3,350,000 F-Secure shares. F-Secure will pay 50 percent of the gross reward as F-Secure shares and the other 50 percent in cash.
If the participant's employment or service relationship with F-Secure terminates before the end of the performance period, the participant forfeits the potential share reward without compensation.
Contact information:
Henri Kiili, Investor Relations Manager
+358 40 840 5450
investor-relations@f-secure.com