Siemens 2014 Annual Report Download - page 152

Managing Board members serving as of September 30, 2014
(Amounts in €)
Non-performance-
based components
Fixed compensation (base compensation)
Fringe benefi ts 
Total
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component (GCGC) 
with long-term incentive
effect, stock-based
Multi-year variable compensation , 
Variable compensation (bonus) – Bonus Awards , 
Siemens Stock Awards (restriction period:  years)
Target attainment depending on EPS for past three fi scal years 
Target attainment depending on future stock performance 
Total 
Service cost
Total (GCGC) 
Total compensation of all Managing Board members for fi scal , according to the applicable reporting standards, amounted to €.
(: €. ) million. The granted payout amount presented below is to be used instead of the target value according to the GCGC for
the one-year variable compensation (bonus), and service costs for pension benefi ts are not included. In addition, the cash component of
the compensatory payment of Lisa Davis in the amount of €,, is included.
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component 
Total compensation
Managing Board members serving as of September 30, 2014
(Amounts in €)
Non-performance-
based components
Fixed compensation (base compensation)
Fringe benefi ts 
Total
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component (GCGC) 
with long-term incentive
effect, stock-based
Multi-year variable compensation , 
Variable compensation (bonus) – Bonus Awards , 
Siemens Stock Awards (restriction period:  years)
Target attainment depending on EPS for past three fi scal years 
Target attainment depending on future stock performance 
Total 
Service cost
Total (GCGC) 
Total compensation of all Managing Board members for fi scal , according to the applicable reporting standards, amounted to €.
(: €. ) million. The granted payout amount presented below is to be used instead of the target value according to the GCGC for
the one-year variable compensation (bonus), and service costs for pension benefi ts are not included. In addition, the cash component of
the compensatory payment of Lisa Davis in the amount of €,, is included.
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component 
Total compensation
1 Fringe benefits include costs, or the cash equiva-
lent, of non-monetary benefits and other perqui-
sites, such as provision of Company cars in the
amount of € , (: € ,), contributions
toward the cost of insurance in the amount of
€ , (: € ,), reimbursement of fees
for legal advice, tax advice and accommodation
and moving expenses, including any taxes that
have been assumed in this regard as well as costs
connected with preventive medical examinations,
in the amount of € , (: € ,).
2 The Supervisory Board adjusted the bonus payout
amount resulting from target attainment individu-
ally downward by  % for Dr. Süß.
3 The figures for individual maximums for multi-
year variable compensation reflect the possible
maximum value in accordance with the maximum
amount agreed for fiscal , that is  % of
the applicable target amount.
4 The expenses recognized for stock-based compen-
sation (Bonus Awards and Stock Awards) and for
the Share Matching Plan for members of the Man-
aging Board in accordance with IFRS in fiscal 
and  amounted to € ,, and € ,,,
respectively. The following amounts pertained to
the members of the Managing Board in fiscal :
Joe Kaeser € ,, (: € ,,), Dr. Ro-
land Busch € , (: € ,,), Lisa Davis
€ ,, (: € ), Klaus Helmrich € ,
(: € ,,), Prof. Dr. Hermann Requardt
€ ,, (: € ,,), Prof. Dr. Siegfried
Russwurm € ,, (: € ,,), and
Dr. Ralf P. Thomas € , (: € ,). The
corresponding expense, determined in the same
way, for former Managing Board members was as
follows: Brigitte Ederer € , (: € ,,),
Barbara Kux € ,, (: € ,,), Peter
Löscher € , (: € ,,), Peter Y.
Solmssen € ,, (: € ,,), and
Dr. Michael Süß € ,, (: € ,,).
5 For Stock Awards for which the target attainment
depends on the EPS for the past three fiscal years,
and for Bonus Awards, the fair value at the date of
award is equivalent to the respective monetary value.
Joe Kaeser Dr. Roland Busch Lisa Davis 
President and CEO Member with responsibilities for Sector portfolio Member with responsibilities for Sector portfolio
since August , 
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
1,113,750 1,845,000 1,845,000 1,845,000 967,500 998,400 998,400 998,400 – 166,400 166,400 166,400
71,843 95,184 95,184 95,184 48,591 51,089 51,089 51,089 – 14,542 14,542 14,542
1,185,593 1,940,184 1,940,184 1,940,184 1,016,091 1,049,489 1,049,489 1,049,489 – 180,942 180,942 180,942
556,875 1,383,750 0 3,321,000 483,750 748,800 0 1,797,120 – 124,800 0 299,520
2,542,970 2,220,668 0 7,083,750 1,551,574 1,218,300 0 3,748,800 – 1,520,154 0 5,566,905
558,881 672,101 0 1,383,750 433,840 403,289 0 748,800 – 41,645 0 124,800
1,047,315 912,065 0 2,850,000 590,020 480,000 0 1,500,000 –870,781 0 2,721,053
936,774 636,502 0 2,850,000 527,714 335,011 0 1,500,000 –607,728 0 2,721,052
4,285,438 5,544,602 1,940,184 9,503,000 3,051,415 3,016,589 1,049,489 5,094,560 – 1,825,896 180,942 849,093
504,323 1,058,566 1,058,566 1,058,566 520,736 561,000 561,000 561,000 – 2,818,722 2,818,722 2,818,722
4,789,761 6,603,168 2,998,750 10,561,566 3,572,151 3,577,589 1,610,489 5,655,560 – 4,644,618 2,999,664 3,667,815
558,849 2,016,262 433,819 1,209,836 –124,800
4,287,412 6,177,114 3,001,484 3,477,625 –1,825,896
Prof. Dr. Siegfried Russwurm Dr. Ralf P. Thomas
Member with responsibilities for Sector portfolio CFO
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
967,500 998,400 998,400 998,400 34,938 998,400 998,400 998,400
42,134 43,731 43,731 43,731 2,465 61,222 61,222 61,222
1,009,634 1,042,131 1,042,131 1,042,131 37,403 1,059,622 1,059,622 1,059,622
483,750 748,800 0 1,797,120 17,469 748,800 0 1,797,120
1,856,952 1,171,739 0 3,748,800 57,134 1,163,786 0 3,748,800
459,722 356,728 0 748,800 16,661 348,775 0 748,800
737,545 480,000 0 1,500,000 21,352 480,000 0 1,500,000
659,685 335,011 0 1,500,000 19,121 335,011 0 1,500,000
3,350,336 2,962,670 1,042,131 5,094,560 112,006 2,972,208 1,059,622 5,094,560
519,915 560,147 560,147 560,147 208,034 230,055 230,055 230,055
3,870,251 3,522,817 1,602,278 5,654,707 320,040 3,202,263 1,289,677 5,324,615
459,642 1,070,035 16,598 1,046,148
3,326,228 3,283,905 111,135 3,269,556
6 The monetary values referred to a  % target attainment
amounted to € ,, (: € ,,). The following
amounts pertained to the members of the Managing Board:
Joe Kaeser € , (: € ,), Dr. Roland Busch
€ , (: € ,), Lisa Davis € , (: € ),
Klaus Helmrich € , (: € ,), Prof. Dr.
Hermann Requardt € , (: € ,), Prof. Dr.
Siegfried Russwurm € , (: € ,), and Dr.
Ralf P. Thomas € , (: € ,). The corresponding
monetary values for former Managing Board members were
as follows: Brigitte Ederer €  (: € ,), Barbara Kux
€ , (: € ,), Peter Y. Solmssen € , (:
€ ,), and Dr. Michael Süß € , (: € ,).
7 The total maximum compensation for fiscal  represents
the contractual maximum amount for overall compensation,
excluding fringe benefits and pension benefit commitments.
The maximum amount, at . times target compensation
(base compensation, target amount for bonus and target
amount for stock-based compensation) is less than the total
of the individual contractual caps for performance-based
components.
8 The total compensation reflects the current fair value of
stock-based compensation components on the award date.
On the basis of the current monetary values of stock-based
compensation components, total compensation amounted
to € ,, (: € ,,).
9 The total compensation of € . million for the prior year
also includes the fiscal  compensation of € ,, for
former Managing Board member Peter Löscher.
10 In compensation for the forfeiture of stock, pension bene-
fits, health benefits and transitional remuneration from her
former employer, the Supervisory Board granted Ms. Davis
a one-time amount of € ,,. This amount will be
provided  % in cash,  % in the form of Siemens Stock
Awards, and the remaining  % as a special contribution
to the pension plan.
11 The Supervisory Board increased the annual target amount for
the monetary value of the Stock Awards commitment for fiscal
 by  % to € ,, for Prof. Dr. Hermann Requardt.
12 Brigitte Ederer resigned from the Managing Board effective
at the end of the day on September , . According
to the provisions of her contract, the variable compensation
(bonus) for fiscal  was granted entirely in cash, and the
Siemens Stock Awards for fiscal  were settled in cash.