Mercedes 2013 Annual Report Download - page 118

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122
Board of Management remuneration in 2013
Total Board of Management remuneration in 2013. The total
remuneration granted by Group companies (excluding retirement
benefit commitments) to the members of the Board of Manage-
ment of Daimler AG is calculated as the total of the amounts of
the base salary in 2013,
the half of the annual bonus for 2013 payable in 2014,
the half of the medium-term share-based component
of the annual bonus for 2013 payable in 2015 with its value
at the balance sheet date (entitlement depending on
the development of Daimler’s share price compared with
the Dow Jones STOXX Auto Index),
the value of the long-term share-based remuneration
at the time when granted in 2013, and
the taxable non-cash benefits in 2013.
For both of the share-based components – the second
50% of the annual bonus and the PPSP with a long-term orien-
tation – the amounts actually paid out can deviate significantly
from the values described depending on the development of
the Daimler share price and on the achievement of the relevant
target parameters. Upward deviation is possible only as far
as the maximum limits described above. Both components can
also be zero.
The remuneration of the Board of Management for the year 2013
amounts to €32.1 million (2012: €28.2 million). Of that total,
€9.1 million was fixed, that is, non-performance-related remuner-
ation (2012: €7.5 million), €12.1 million (2012: €9.3 million)
was short- and medium-term variable performance-related remu-
neration (annual bonus with deferral), and €10.9 million was
variable performance-related remuneration granted in 2013 with
a long-term incentive effect (2012: €11.4 million).
C.46
When comparing with the prior-year figures, with regard to
the total of base salary, the annual bonus and the PPSP granted,
it is necessary to consider eect pro rata over time of the
appointment of Mr. Troska taking effect as of December 13, 2012.
The granting of non-cash benefits in kind, primarily the
reimbursement of expenses for security precautions and the
provision of company cars, resulted in taxable benefits for
the members of the Board of Management in 2013 as shown
in the table
C.47.
Board of Management remuneration in 2013
Base salary Short and medium-term variable
remuneration (annual bonus)
Short-term Medium-term
Long-term variable remuneration
(PPSP)
Number Value when granted
(2013: at share price €44.39)
(2012: at share price €48.23)
Total
In thousands of euros
Dr. Dieter Zetsche 2013
2012
2,008
2,008
1,707
1,426
1,707
1,426
63,643
68,273
2,825
3,293
8,247
8,153
Dr. Wolfgang Bernhard 2013
2012
715
715
590
508
590
508
25,458
27,309
1,130
1,316
3,025
3,047
Dr. Christine Hohmann-Dennhardt 2013
2012
715
715
590
526
590
526
25,458
27,309
1,130
1,317
3,025
3,084
Wilfried Porth12013
2012
715
715
608
508
608
508
25,458
27,309
1,044
1,229
2,975
2,960
Andreas Renschler22013
2012
755
755
623
536
623
536
28,420
30,487
1,226
1,460
3,227
3,287
Hubertus Troska 2013
2012
715
37
590
24
590
24
25,458
1,130
3,025
85
Bodo Uebber32013
2012
866
866
736
636
736
636
30,433
32,647
1,199
1,402
3,537
3,540
Prof. Dr. Thomas Weber 2013
2012
715
715
626
490
626
490
27,031
28,998
1,200
1,399
3,167
3,094
Total 2013
2012
7,204
6,526
6,070
4,654
6,070
4,654
251,359
242,332
10,884
11,416
30,228
27,250
1 Taking into account supervisory board remuneration of €85,734 (2012: €88,460).
2 Taking into account supervisory board remuneration of €35,646 (2012: 10,913).
3 Taking into account supervisory board remuneration of €152,197 (2012: 173,048).
C.46