Juventus unveil new performance-based compensation plan for top executives
Juventus Football Club has announced a significant change to its executive compensation structure. The club’s Board of Directors has approved a new long-term incentive (LTI) plan that will tie the remuneration of key managers to the team’s economic, financial, and ESG performance, as well as the stock’s performance. Calcio e Finanza report how the “Performance […]
Juventus Football Club has announced a significant change to its executive compensation structure. The club’s Board of Directors has approved a new long-term incentive (LTI) plan that will tie the remuneration of key managers to the team’s economic, financial, and ESG performance, as well as the stock’s performance.
Calcio e Finanza report how the “Performance Shares Plan 2024/2025-2028/2029” will be presented to shareholders for approval. This plan is designed for select executives, including board members with delegated powers and managers with strategic responsibilities. The Nominations and Remuneration Committee will play a role in identifying eligible participants.
The primary objectives of this new compensation structure are to align the interests of beneficiaries with those of shareholders, link executive compensation to the company’s economic results and strategic plan objectives, ensure senior management’s commitment to Juventus’ key strategic and financial goals, support and reward the achievement of long-term objectives, and balance the pay mix in line with market practices.
Under this plan, eligible executives will be granted conditional, free, and non-transferable rights to receive Juventus shares at no cost. The total number of shares allocated for the entire plan is capped at 3,000,000. These rights will vest based on the achievement of specific economic, financial, ESG, and stock performance targets set by the Juventus Group.
The plan is set to run until December 31, 2029, and is divided into three periods:
1. July 1, 2024 – June 30, 2027
2. July 1, 2025 – June 30, 2028
3. July 1, 2026 – June 30, 2029
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