Siemens 2015 Annual Report Download - page 47

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Joe Kaeser Dr. Roland Busch Lisa Davis
Klaus Helmrich
President and CEO Managing Board member Managing Board member Managing Board member
2014 2015 2015
(min)
2015
(max)
2014 2015 2015
(min)
2015
(max)
2014 2015 2015
(min)
2015
(max)
2014 2015 2015
(min)
2015
(max)
1,845 1,878 1,878 1,878 998 1,010 1,010 1,010 166 1,010 1,010 1,010 998 1,010 1,010 1,010
95 102 102 102 51 53 53 53 15 227 227 227 62 42 42 42
1,940 1,980 1,980 1,980 1,049 1,063 1,063 1,063 181 1,238 1,238 1,238 1,061 1,052 1,052 1,052
1,384 1,878 0 4,507 749 1,010 0 2,425 125 1,010 0 2,425 749 1,010 0 2,425
2,221 1,871 0 5,850 1,218 998 0 3,120 1,520 998 0 3,120 1,164 998 0 3,120
672 –– – 403 –– – 42 –– – 349 –– –
912 –– – 480 –– – 871 –– – 480 –– –
637 1,871 0 5,850 335 998 0 3,120 608 998 0 3,120 335 998 0 3,120
5,545 5,729 1,980 9,700 3,017 3,071 1,063 5,203 1,826 3,246 1,238 5,203 2,973 3,061 1,052 5,203
1,059 1,096 1,096 1,096 561 604 604 604 2,819 611 611 611 521 604 604 604
6,603 6,825 3,076 10,796 3,578 3,675 1,667 5,807 4,645 3,857 1,848 5,814 3,494 3,664 1,656 5,807
2,016 2,683 1,210 1,444 125 1,477 1,046 1,376
6,177 6,535 3,478 3,505 1,826 3,713 3,271 3,427
Janina Kugel Prof. Dr. Siegfried Russwurm Dr. Ralf P. Thomas Prof. Dr. Hermann Requardt
Managing Board member
since February 1, 2015
Managing Board member CFO
Managing Board member
until January 31, 2015
2014 2015 2015
(min)
2015
(max)
2014 2015 2015
(min)
2015
(max)
2014 2015 2015
(min)
2015
(max)
2014 2015
–626 626 626 998 1,010 1,010 1,010 998 1,010 1,010 1,010 998 337
–25 25 25 44 78 78 78 61 67 67 67 84 28
–651 651 651 1,042 1,088 1,088 1,088 1,060 1,078 1,078 1,078 1,082 365
–626 0 1,502 749 1,010 0 2,425 749 1,010 0 2,425 749 337
–665 0 2,080 1,172 998 0 3,120 1,164 998 0 3,120 1,359 333
––– – 357 –– – 349 –– – 340 –
––– – 480 –– – 480 –– – 600 –
–665 0 2,080 335 998 0 3,120 335 998 0 3,120 419 333
–1,942 651 3,307 2,963 3,097 1,088 5,203 2,972 3,086 1,078 5,203 3,190 1,035
–103 103 103 560 603 603 603 230 604 604 604 540 580
–2,045 754 3,410 3,523 3,700 1,691 5,806 3,202 3,690 1,682 5,807 3,730 1,615
–832 1,070 1,376 1,046 1,410 1,021 451
–2,148 3,284 3,463 3,270 3,486 3,463 1,149
Lisa Davis €1,040,036 (2014: €907,076), Klaus Helmrich
€1,040,036 (2014: €500,027), Janina Kugel €693,357 (2014:
€0), Prof. Dr. Siegfried Russwurm €1,040,036 (2014:
€500,027), and Dr. Ralf P. Thomas €1,040,036 (2014:
€500,027). The corresponding monetary values for former
Managing Board members were as follows: Barbara Kux €0
(2014: €63,913), Prof. Dr. Hermann Requardt €346,679 (2014:
€625,034), Peter Y. Solmssen €0 (2014: €125,007) and
Dr. Michael Süß €0 (2014: €299,756). Because Janina Kugel
joined the Managing Board during the fiscal year, the mone-
tary value relating to 100% target achievement was prorated
and, instead of Stock Awards, she received an equivalent
amount of Phantom Stock Awards. At the end of the restric-
tion period, these awards will be settled in cash rather than
via a stock transfer. Otherwise, the regulations are the same
as those for Stock Awards.
6 Total maximum compensation for fiscal 2015 represents the
contractual maximum amount for overall compensation,
excluding fringe benefits and pension benefit commitments.
At 1.7 times target compensation (base compensation, target
amount for the Bonus and the target amount for long-term
stock-based compensation), the maximum amount is less
than the total of the individual contractual caps for perfor-
mance-based components.
7 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 €27,756,633 (2014: €29,109,709).
8 Ms. Davis’s compensation is paid out in Germany in euros.
It has been agreed that any tax liability that arises due to
tax rates that are higher in Germany than in the U. S. will be
reimbursed. For base compensation of calendar year 2014 as
well as for the cash Bonus of fiscal 2014, a currency-adjust-
ment payment was granted.
9 Prof. Dr. Hermann Requardt resigned from the Managing
Board effective the end of the day on January 31, 2015. His
employment contract ended effective September 30, 2015.
In addition to the total compensation shown above for his
work as a member of the Managing Board, Prof. Dr. Requardt
received the following compensation for the remaining term
of his contract from February 1 to September 30, 2015: fixed
compensation of €673,600, fringe benefits of €68,203,
variable compensation (Bonus) of €902,624 and Siemens
Stock Awards in the amount of €665,258. In accordance
with the provisions of his contract, his Stock Awards will be
settled in cash at the closing price of Siemens stock in Xetra
trading on September 30, 2015.