Overview Share-Based Incentives
The following table represents the movements during 2018 of all unvested shares (the total number of vested shares held by (former) Management Board members are reported in note 4.3.23 Equity Attributable to Shareholders to the consolidated financial statements). Unvested LTI shares in the columns Outstanding at the beginning and/or end of the year, are reported at the Target LTI numbers. The actual vesting hereof in the year are shown for the actual number as per the outcome of the performance criteria as per the Remuneration Policy. As at December 31, 2018 the following share-based incentives are outstanding:
|
Share-based Incentives 1 |
Outstanding at the beginning of 2018 |
Granted |
Vested |
Outstanding at the end of 2018 |
Status at the end of 2018 |
Vesting date |
End of blocking period |
Fair value of share at the grant date – € |
Fair value of the TSR component – € |
|---|---|---|---|---|---|---|---|---|---|
|
Bruno Chabas – CEO |
|||||||||
|
2014 STI Matching Shares |
32,777 |
- |
32,777 |
- |
conditional |
2018 |
9.76 |
||
|
2015 LTI |
83,878 |
- |
125,817 |
- |
conditional |
2018 |
2020 |
11.51 |
14.78 |
|
2016 LTI |
84,678 |
- |
- |
84,678 |
conditional |
2019 |
2021 |
11.91 |
19.92 |
|
2017 LTI |
80,817 |
- |
- |
80,817 |
conditional |
2020 |
2022 |
14.31 |
19.62 |
|
282,150 |
- |
158,594 |
165,495 |
||||||
|
Erik Lagendijk – CGCO |
|||||||||
|
2015 LTI |
55,919 |
- |
69,899 |
- |
conditional |
2018 |
2020 |
11.51 |
11.31 |
|
2016 LTI |
56,452 |
- |
- |
56,452 |
conditional |
2019 |
2021 |
11.91 |
15.50 |
|
2017 LTI |
53,878 |
- |
- |
53,878 |
conditional |
2020 |
2022 |
14.31 |
15.54 |
|
166,249 |
- |
69,899 |
110,330 |
||||||
|
Philippe Barril – COO |
|||||||||
|
Restricted shares2 |
50,000 |
- |
50,000 |
- |
conditional |
2018 |
2020 |
10.50 |
|
|
2015 LTI |
55,919 |
- |
69,899 |
- |
conditional |
2018 |
2020 |
11.51 |
11.31 |
|
2016 LTI |
56,452 |
- |
- |
56,452 |
conditional |
2019 |
2021 |
11.91 |
15.50 |
|
2017 LTI |
53,878 |
- |
- |
53,878 |
conditional |
2020 |
2022 |
14.31 |
15.54 |
|
216,249 |
- |
119,899 |
110,330 |
||||||
|
Douglas Wood – CFO |
|||||||||
|
Restricted shares3 |
30,000 |
- |
- |
30,000 |
conditional |
2019 |
2021 |
12.71 |
|
|
2016 LTI |
42,339 |
- |
- |
42,339 |
conditional |
2019 |
2021 |
11.91 |
15.50 |
|
2017 LTI |
53,878 |
- |
- |
53,878 |
conditional |
2020 |
2022 |
14.31 |
15.54 |
|
126,217 |
- |
- |
126,217 |
||||||
|
Peter van Rossum – Former CFO |
|||||||||
|
2014 STI Matching Shares |
15,134 |
- |
11,561 |
- |
conditional |
2018 |
9.76 |
||
|
2015 LTI |
55,919 |
- |
53,298 |
- |
conditional |
2018 |
2020 |
11.51 |
11.31 |
|
2016 LTI |
56,452 |
- |
- |
56,452 |
conditional |
2019 |
2021 |
11.91 |
15.50 |
|
2017 LTI |
5,238 |
- |
- |
5,238 |
conditional |
2020 |
2022 |
14.31 |
15.54 |
|
132,743 |
- |
64,859 |
61,690 |
- 1 The Value Creation Stake is not included in this table, since all shares do vest immediately
- 2 These shares were awarded to Philippe Barril as compensation for the loss of share-based payments at his former employer, and have been reported to the AGM in April 2015 in Agenda item 11
- 3 These shares were awarded to Douglas Wood as compensation for the loss of variable remuneration entitlements and other benefits in his previous employment, and have been reported to the EGM on 30 November 2016 in Agenda item 1
The following shares or other financial instruments are held by SBM Offshore N.V. by members of the Management Board.
|
Shares subject to conditional holding requirement |
Other shares |
Total shares at 31 December 2018 |
Total shares at 31 December 2017 |
|
|---|---|---|---|---|
|
Bruno Chabas |
354,561 |
439,027 |
793,588 |
574,685 |
|
Philippe Barril |
165,047 |
- |
165,047 |
- |
|
Erik Lagendijk |
69,351 |
- |
69,351 |
- |
|
Douglas Wood |
33,924 |
- |
33,924 |
- |
|
Total |
622,883 |
439,027 |
1,061,910 |
574,685 |
