WithSecure Unveils New Incentive Plans for Employees 2025-2027
WithSecure Incentive Plans for 2025-2027
WithSecure Corporation has recently announced new incentive plans for management and key employees, focusing on share-based long-term incentives aimed at boosting performance and engagement. This initiative comes as part of their ongoing commitment to rewarding dedication and fostering growth within the company.
Overview of the Performance Share Plan (PSP)
The Performance Share Plan (PSP), first introduced in 2020 under the previous name F-Secure Corporation, aims to align the interests of the management with the company's performance objectives. This plan will take effect for the period from 2025 to 2027, with clear performance targets set to determine outcomes.
The new PSP will focus on two key performance criteria: the annual revenue growth percentage and the adjusted EBITDA as a percentage of revenue from the WithSecure Elements Company segment. The ambitious goal is to reach a combined performance figure exceeding 30 by the end of 2027.
Share Rewards Dynamics
If the targets set forth in the PSP are fully achieved, approximately 5,000,000 shares will be awarded in the first half of 2028. Participants in the plan will receive net shares after the applicable payroll taxes have been withheld, ensuring a direct benefit from the company’s success.
Eligibility and Participation
The PSP is accessible to selected management and key employees of WithSecure, as decided by the Board of Directors. It is important to highlight that if any participant's employment is terminated prior to the payment date, they will generally forfeit their right to the reward.
Introducing the Restricted Share Plan (RSP)
Complementing the PSP, the Restricted Share Plan (RSP) serves as another avenue for incentivizing key personnel within the company. This plan, first launched alongside the PSP, has also been updated for the 2025-2027 period.
Details of the Restricted Share Plan
The RSP targets specific key employees selected by the Board and incorporates a maximum three-year restriction period. Over this upcoming cycle, the RSP allows for a maximum of 250,000 shares to be distributed, similarly accounting for payroll tax deductions before participants receive their net shares.
Implications of Employment Status
Similar to the PSP, participants in the RSP will lose entitlement to their rewards if they leave the company before the payment date. This reinforces the notion that employee retention is vital in achieving the company’s goals.
Overall Goals of the New Plans
With the introduction of the 2025-2027 incentive plans, WithSecure aims to significantly drive performance while motivating its workforce. By focusing on tangible outcomes linked with the company's financial metrics, these plans are designed to enhance overall productivity and create a culture of commitment and excellence.
Contact and Additional Information
For more information regarding these incentive plans and other inquiries, you can reach out to Laura Viita, VP of Controlling, Investor Relations, and Sustainability at WithSecure Corporation. She oversees all communications concerning investor relations and sustainability efforts.
Contact Number: +358 50 487 1044
Email: investor-relations@withsecure.com
Frequently Asked Questions
What are the new incentive plans announced by WithSecure?
WithSecure has introduced new Performance Share Plan (PSP) and Restricted Share Plan (RSP) for the years 2025-2027 aimed at enhancing employee performance through share-based rewards.
How are the performance targets set for the new plans?
The performance targets are based on annual revenue growth and adjusted EBITDA as a percentage of revenue from the WithSecure Elements Company segment.
What is the maximum number of shares that can be awarded under the PSP?
If fully achieved, the PSP can reward up to 5,000,000 shares in the first half of 2028.
Who is eligible to participate in these incentive plans?
The plans are designed for management and selected key employees as determined by the Board of Directors.
What happens to the share rewards if an employee leaves the company?
Generally, if an employee leaves WithSecure before the payment date, they are not entitled to any rewards based on the plans.
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