Executive Board Remuneration | TUI Group

Remuneration caps

The total remuneration of TUI AG’s Executive Board members for a financial year is capped. This includes fixed remuneration, variable remuneration components, expenses for the company pension scheme and fringe benefits. The maximum remuneration is EUR 7,500,000 gross for the Chairman of the Executive Board and EUR 3,500,000 gross for ordinary Executive Board members. If the maximum remuneration is exceeded, the amount paid out under the LTI is reduced accordingly. Irrespective of the maximum remuneration, the STI payout amounts are limited to 216% and the LTI payout amounts to 240% of the respective target amount. These upper limits apply pro rata in the event of an employee joining or leaving the company during the current financial year.

Share Ownership Guidelines (SOG)

In addition to the LTI, the share purchase and shareholding obligation is an important component of TUI AG’s remuneration system. Executive Board members must acquire and hold a minimum number of…