Kesko implements share-based incentive plan KPSP 2024
Kesko's Board of Directors has decided to grant up to 149 B shares to a key employee under the KPSP 2024 plan. The share grant is based on the fulfillment of performance criteria for the 2024 performance period.
Kesko Corporation’s Board of Directors has decided to implement the company’s share-based commitment and incentive plan, KPSP 2024. Under this plan, a maximum of 149 billion B shares, held by the company as treasury shares, will be granted to a key employee within the target group of the plans.
The decision to grant shares is based on the fulfillment of performance criteria for the 2024 performance period. The number of shares represents the net amount after deduction of applicable withholding and transfer taxes from the gross share award.
Kesko operates in the retail sector across multiple business areas, including grocery, specialty goods, and automotive trade. Such share-based incentive plans are common mechanisms used by companies to retain and motivate key executives.