48 Remuneration
Remuneration of the Supervisory Board
The members of the Supervisory Board received total remuneration of € 1.8 million during the 2020 fiscal year (2019: € 1.8 million) for their work.
Total Remuneration of the Management Board
The total remuneration paid to the individual members of the Management Board comprises the following:
|
Rolf Buch |
Arnd Fittkau |
Klaus Freiberg |
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|---|---|---|---|---|---|---|---|---|---|---|
Total remuneration of the Management Board in € |
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
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|
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|
|
|
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Fixed remuneration |
1,150,000 |
1,200,000 |
375,000 |
700,000 |
225,000 |
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Compensation payment |
|
|
|
|
|
|
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Deferred compensation |
355,000 |
400,000 |
100,000 |
160,000 |
60,000 |
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Pension contribution |
|
|
|
|
|
|
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Fringe benefits |
27,453 |
30,303 |
18,721 |
30,758 |
10,350 |
|
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Total |
1,532,453 |
1,630,303 |
493,721 |
890,758 |
295,350 |
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Annual variable remuneration (bonus) |
665,000 |
794,000 |
275,000 |
440,000 |
308,000* |
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Multi-year variable remuneration (LTIP plan): |
|
|
|
|
|
|
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2019–2022 |
2,060,584 |
– |
504,793 |
|
867,614** |
|
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2020–2023 |
– |
2,573,330 |
– |
946,512 |
|
|
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(number of shares) |
46,151 |
46,169 |
9,531 |
16,982 |
19,432 |
|
||||
Total |
2,725,584 |
3,367,330 |
779,793 |
1,386,512 |
1,175,614 |
|
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Total remuneration |
4,258,037 |
4,997,633 |
1,273,514 |
2,277,270 |
1,470,964 |
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|
|
|
|
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|
Daniel Riedl |
Helene von Roeder |
Total remuneration |
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Total remuneration of the Management Board in € |
2019 |
2020 |
2019 |
2020 |
2019 |
2020 |
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|
|
|
|
|
|
|
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Fixed remuneration |
600,000 |
700,000 |
600,000 |
700,000 |
2,950,000 |
3,300,000 |
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Compensation payment |
|
|
64,874 |
64,874 |
64,874 |
64,874 |
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Cash remuneration/deferred compensation |
|
|
160,000 |
160,000 |
675,000 |
720,000 |
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Pension contribution |
160,000 |
500,000 |
|
|
160,000 |
500,000 |
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Fringe benefits |
29,404 |
16,057 |
29,608 |
25,003 |
115,536 |
102,121 |
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Total |
789,404 |
1,216,057 |
854,482 |
949,877 |
3,965,410 |
4,686,995 |
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Annual variable remuneration (bonus) |
412,007 |
440,000 |
425,812 |
440,000 |
2,085,819 |
2,114,000 |
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Multi-year variable remuneration (LTIP plan): |
|
|
|
|
|
|
||||
2018–2021 |
867,614 |
– |
867,614 |
– |
5,168,219 |
– |
||||
2019–2022 |
– |
946,512 |
– |
946,512 |
– |
5,412,866 |
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(number of shares) |
19,432 |
16,982 |
19,432 |
16,982 |
113,978 |
97,115 |
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Total |
1,279,621 |
1,386,512 |
1,293,426 |
1,386,512 |
7,254,038 |
7,526,866 |
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Total remuneration |
2,069,025 |
2,602,569 |
2,147,908 |
2,336,389 |
11,219,448 |
12,213,861 |
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|
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The remuneration paid to the Management Board members includes the remuneration for all mandates at Vonovia Group companies, subsidiaries and participating interests.
Pension Obligations to Members of the Management Board
Rolf Buch, Helene von Roeder and Arnd Fittkau are paying their contractual share of € 400,000 (Rolf Buch), € 160,000 (Helene von Roeder and Arnd Fittkau) respectively, based on their fixed remuneration, into the deferred compensation scheme. The annual benefit contribution for Daniel Riedl of € 200,000 and the contractually agreed additional pension remuneration of € 300,000 – both on the part BUWOG – are paid into an external pension fund.
The pension obligations to members of the Management Board from deferred compensation comprise the following:
|
Contribution total |
Defined benefit obligation |
||
|---|---|---|---|---|
in € |
2019 |
2020 |
2019 |
2020 |
|
|
|
|
|
Rolf Buch |
946,410 |
1,052,225 |
5,733,678 |
7,378,836 |
Helene von Roeder |
437,241 |
597,025 |
864,057 |
1,123,176 |
Arnd Fittkau |
291,772 |
542,509 |
363,890 |
1,580,205 |
|
|
|
|
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Remuneration of Former Management Board Members and Their Surviving Dependents
Total remuneration of former Management Board members and their surviving dependents amounts to € 1.7 million for the 2020 fiscal year (2019: € 0.7 million). In accordance with the provisions of the termination agreement with Klaus Freiberg, total remuneration includes compensation payable following termination of the contract of employment on December 31, 2019, amounting to € 1.4 million.
The defined benefit obligation (DBO) to former members of the Management Board and their surviving dependents amount to € 22.1 million (2019: € 21.3 million).