Kesko Establishes New Share-Based Incentive Plans for 2026-2029
Kesko Oyj's Board of Directors has approved new share-based commitment and incentive plans for the 2026-2029 period. These plans target key management and personnel with performance-based share awards.
Helsinki – Kesko Oyj's Board of Directors has established new long-term share-based commitment and incentive plans for 2026-2029. The schemes include a Performance Share Plan (PSP) for the President and CEO, a general PSP, a Key Personnel Share Plan (KPSP), and a Restricted Share Pool (RSP).
The primary goal of these plans is to align the interests of key executives and employees with the company's strategic objectives and long-term performance. Share awards under the plans will be paid in Kesko's B shares. Performance metrics for the programs will include comparable sales growth, return on capital employed (ROCE), total shareholder return (TSR), and sustainability targets.
The PSP President and CEO plan (2026-2029) allows for a maximum grant of 113,820 B shares, payable after the financial results for 2028 are released, no later than March 2029. The general PSP (2026-2029) targets approximately 60 key management members, with a maximum grant of 584,220 B shares.
The KPSP plan (2026) is designed for around 170 other key persons, with a maximum of 299,130 B shares, payable after the 2028 financial results. The RSP plan (2026-2028) serves as a complementary commitment tool for selected individuals, with a maximum of 80,000 B shares.
Kesko has also confirmed performance criteria for 2026 across these plans. The Board retains the discretion to withhold or reclaim awards if recipients are found guilty of misconduct or breaches of Kesko's ethical or sustainability principles.