Compensation and share ownership tables

Table 9: Board compensation in 2014 and 2013

 

Paid in 2014

Paid in 2013

 

November
Board term 2014–2015

May
Board term 2013–2014

Total compen­sation paid in 2014(3)(4)(5)

November
Board term 2013–2014

May
Board term 2012–2013

 

Name/Function

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Total compen­sation paid in 2013(4)(5)

 

(CHF)

 

(CHF)

 

(CHF)

(CHF)

 

(CHF)

 

(CHF)

(1)

Represents gross amounts paid, prior to deductions for social security, withholding tax etc.

(2)

Number of shares per Board member is calculated based on net amount due after deductions for social security, withholding tax etc.

(3)

For the 2014–2015 Board term, all members elected to receive 50% of their gross compensation in the form of ABB shares, except for Hubertus von Grünberg who elected to receive 100%.

(4)

For the 2013–2014 and 2012–2013 Board terms, all members elected to receive 50% of their gross compensation in the form of ABB shares, except for Hubertus von Grünberg and Hans Ulrich Märki who elected to receive 100%.

(5)

In addition to the Board remuneration stated in the above table, the Company paid in 2014 and 2013, CHF 664,870 and CHF 147,290, respectively, in related social security payments. The increase in 2014 compared to 2013 was primarily related to the reassessment and settlement of social security payments in various jurisdictions.

(6)

Member of the Governance and Nomination Committee since April 30, 2014.

(7)

Member of the Finance, Audit and Compliance Committee.

(8)

Elected as new Board member at ABB Ltd AGM on April 30, 2014.

(9)

Member of the Governance, Nomination and Compensation Committee until April 30, 2014.

(10)

Did not stand for re-election at ABB Ltd AGM on April 30, 2014.

(11)

Member of the Compensation Committee since April 30, 2014.

Hubertus von Grünberg(6)
Chairman of the Board

20,976

19,563

1,200,000

19,616

19,739

1,200,000

Roger Agnelli(7)
Member of the Board

82,500

2,779

75,000

2,359

315,000

75,000

2,419

75,000

2,442

300,000

Matti Alahuhta(6)(8)
Member of the Board

80,000

2,912

160,000

Louis R. Hughes(7)
Member of the Board and Chairman of the Finance, Audit and Compliance Committee

100,000

3,417

100,000

3,172

400,000

100,000

3,233

100,000

3,264

400,000

Hans Ulrich Märki(9)(10)
Member of the Board and Chairman of the Governance, Nomination and Compensation Committee

8,229

200,000

8,966

9,018

400,000

Michel de Rosen(9)(11)
Member of the Board and Chairman of the Compensation Committee

87,500

3,185

75,000

2,547

325,000

75,000

2,629

75,000

2,646

300,000

Michael Treschow(6)(9)(11)
Member of the Board and Chairman of the Governance and Nomination Committee

95,000

3,458

75,000

2,547

340,000

75,000

2,629

75,000

2,647

300,000

Jacob Wallenberg(7)
Member of the Board

82,500

3,003

75,000

2,547

315,000

75,000

2,629

75,000

2,647

300,000

Ying Yeh(9)(11)
Member of the Board

80,000

2,736

75,000

2,391

310,000

75,000

2,460

75,000

2,474

300,000

Total

607,500

42,466

475,000

43,355

3,565,000

475,000

44,581

475,000

44,877

3,500,000


 

Table 10: EC compensation in 2014

Name

Base
salary

Short-term
variable
compen- sation(1)

Pension
benefits

Other
benefits(2)

2014
Total cash-based compen- sation

Estimated value of share-based grants under the LTIP in 2014(3)

2014
Total (incl. conditional share-based grants)

 

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(1)

Represents accruals of the short-term variable compensation for the year 2014 for all EC members, which will be paid in 2015, after the publication of the financial results. Short-term variable compensation is linked to the objectives defined in the ABB Group’s scorecard. Upon full achievement of these objectives, the short-term variable compensation of the CEO corresponds to 150 percent of his base salary, while for all other EC members it represents 100 percent of their respective base salary.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

At the day of vesting (August 12, 2017), the value of the share-based awards granted under the LTIP may vary from the above numbers due to changes in ABB’s share price and the outcome of the performance (earnings per share) parameter. The LTIP is also subject to service conditions. The estimated values have been calculated using the market value of the ABB share on the day of grant and additionally, in the case of the performance component of the LTIP, the Monte Carlo simulation model.

(4)

The above compensation figures for Ulrich Spiesshofer represent compensation in respect to his first full calendar year of service as CEO. His annual base salary remained unchanged at CHF 1,600,000.

(5)

Frank Duggan received 20 percent of his base salary in AED and 80 percent in EUR at a fixed AED/EUR exchange rate for the period January to December 2014. All AED amounts were converted into Swiss francs at a rate of CHF 0.2694219 per AED.

(6)

Greg Scheu received 100 percent of his base salary in USD. All USD amounts were converted into Swiss francs using a rate of CHF 0.9896 per USD.

Ulrich Spiesshofer(4)

1,600,004

2,059,200

265,325

633,857

4,558,386

3,020,437

7,578,823

Eric Elzvik

850,007

729,300

264,591

287,769

2,131,667

991,551

3,123,218

Jean-Christophe Deslarzes

850,007

729,300

251,106

280,473

2,110,886

991,551

3,102,437

Diane de Saint Victor

1,000,001

858,000

287,455

410,421

2,555,877

1,166,531

3,722,408

Frank Duggan(5)

748,145

641,908

328,518

607,503

2,326,074

894,155

3,220,229

Greg Scheu(6)

792,670

680,111

7,719

192,980

1,673,480

849,085

2,522,565

Pekka Tiitinen

700,001

600,600

228,045

192,747

1,721,393

816,592

2,537,985

Tarak Mehta

794,426

686,400

235,777

622,037

2,338,640

1,053,812

3,392,452

Veli-Matti Reinikkala

770,006

660,660

275,328

303,877

2,009,871

898,250

2,908,121

Bernhard Jucker

969,009

831,402

291,729

510,281

2,602,421

1,250,933

3,853,354

Claudio Facchin

700,001

600,600

236,951

263,397

1,800,949

937,166

2,738,115

Total current Executive Committee members as of Dec. 31, 2014

9,774,277

9,077,481

2,672,544

4,305,342

25,829,644

12,870,063

38,699,707


 

Table 11: EC compensation in 2013

Name

Base salary

Short-term variable compen­sation(1)

Pension benefits

Other benefits(2)

2013
Total cash-based compen­sation

Estimated value of share-based grants under the LTIP in 2013(3)

Estimated value of replacement and special share-based grants in 2013(3)

2013
Total (incl. conditional share-based grants)

 

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(1)

Represents accruals of the short-term variable compensation for the year 2013 for all EC members, except for Prith Banerjee, who received, in May 2013, a pro-rata short-term variable compensation payment covering his period of service as an EC member in 2013. For all other EC members, the short-term variable compensation was paid in 2014, after the publication of the final results. Short-term variable compensation is linked to the objectives defined in the ABB Group’s scorecard. Upon full achievement of these objectives, the short-term ariable compensation of the CEO corresponds to 150 percent of his base salary, while for all other EC members it represents 100 percent of their respective base salary.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

At the day of vesting (June 5, 2016), the value of the share-based awards granted under the LTIP may vary from the above numbers due to changes in ABB’s share price and the outcome of the performance (earnings per share) parameter. The LTIP is also subject to service conditions, while the other share-based awards are subject to service and/or other conditions. The above amounts have been calculated using the market value of the ABB share on the day of grant and additionally, in the case of the performance component of the LTIP, the Monte Carlo simulation model.

(4)

The above compensation figures for Ulrich Spiesshofer represent compensation for the period January 1 to September 14, 2013, in his capacity as Head of the Discrete Automation and Motion division and thereafter as Chief Executive Officer. His annual base salary as CEO is CHF 1,600,000.

(5)

Jean-Christophe Deslarzes received a replacement share grant of 144,802 shares for foregone benefits with his previous employer, representing a grant date fair value of CHF 3,381,127. Of the total, 78,983 shares vest on November 15, 2016, while 65,819 shares vest on November 15, 2018.

(6)

Diane de Saint Victor received a special retention share grant of 150,000 shares representing a grant date fair value of CHF 3,142,500. The shares vest on December 31, 2015.

(7)

Frank Duggan received 20 percent of his base salary in AED and 80 percent in EUR at a fixed AED/EUR exchange rate for the period January to December 2013. All AED amounts were converted into Swiss francs at a rate of CHF 0.2422914 per AED.

(8)

On May 16, 2013, Greg Scheu received a special bonus of CHF 168,750, which was settled in shares (7,942 shares).

(9)

The compensation of former EC members was for their period of service as an EC member during 2013.

Ulrich Spiesshofer
(appointed CEO as of September 15, 2013)(4)

1,097,346

1,336,375

247,293

232,225

2,913,239

2,859,135

5,772,374

Eric Elzvik
(joined the EC on February 1, 2013)

779,173

779,167

238,437

228,478

2,025,255

981,672

3,006,927

Jean-Christophe Deslarzes (joined ABB on November 15, 2013)(5)

107,938

108,611

20,557

26,576

263,682

991,307

3,381,127

4,636,116

Diane de Saint Victor(6)

1,000,001

1,000,000

283,181

196,137

2,479,319

1,154,907

3,142,500

6,776,726

Frank Duggan(7)

666,322

676,257

322,308

634,447

2,299,334

910,437

3,209,771

Greg Scheu(8)

731,259

742,500

251,428

341,149

2,066,336

881,952

2,948,288

Pekka Tiitinen (joined the EC on September 15, 2013)

206,508

206,111

55,892

49,545

518,056

801,222

1,319,278

Tarak Mehta

760,424

766,500

230,159

363,814

2,120,897

910,437

3,031,334

Veli-Matti Reinikkala

770,006

770,000

270,799

204,648

2,015,453

585,598

2,601,051

Bernhard Jucker

965,842

969,000

287,455

239,366

2,461,663

1,246,516

3,708,179

Claudio Facchin (joined the EC on December 1, 2013)

58,334

58,334

19,373

3,790

139,831

816,396

956,227

Total current Executive Committee
members as of Dec. 31, 2013

7,143,153

7,412,855

2,226,882

2,520,175

19,303,065

12,139,579

6,523,627

37,966,271

 

 

 

 

 

 

 

 

 

Joe Hogan
(CEO until September 15, 2013)(9)

1,423,758

2,135,625

207,007

948,293

4,714,683

4,714,683

Michel Demaré
(CFO until January 31, 2013)(9)

100,001

100,000

23,154

9,618

232,773

232,773

Gary Steel (EC member until November 15, 2013)(9)

704,376

704,375

255,253

202,724

1,866,728

1,866,728

Prith Banerjee
(EC member until May 31, 2013)(9)

291,667

218,750

101,173

233,192

844,782

844,782

Brice Koch (EC member until November 30, 2013)(9)

773,285

776,050

221,812

249,888

2,021,035

1,005,590

3,026,625

Total former Executive Committee
members as of Dec. 31, 2013

3,293,087

3,934,800

808,399

1,643,715

9,680,001

1,005,590

10,685,591

 

 

 

 

 

 

 

 

 

Total

10,436,240

11,347,655

3,035,281

4,163,890

28,983,066

13,145,169

6,523,627

48,651,862


 

Table 12: Compensation to former EC members in 2014

Name

Base salary

Short-term variable compensation(1)

Pension
benefits

Other
benefits(2)

2014
Total cash-based compensation

 

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(1)

The short-term variable compensation was paid in 2014 at the time of departure from ABB.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

The compensation of Joe Hogan was for the period January 1 to March 31, 2014, during which he was acting as a Senior Adviser to the ABB Board.

(4)

The compensation of Michel Demaré, Gary Steel and Brice Koch represents contractual obligations of ABB to those individuals in 2014, up to the time of their departure from ABB.

(5)

Prith Banerjee received tax advice related to his period of employment with ABB.

Joe Hogan
(CEO until September 15, 2013)(3)

502,503

753,750

74,194

1,126,823

2,457,270

Michel Demaré
(CFO until January 31, 2013)(4)

186,950

186,950

Gary Steel
(EC member until November 15, 2013)(4)

422,515

121,549

402,535

946,599

Brice Koch
(EC member until November 30, 2013)(4)

33,785

35,250

20,547

179,815

269,397

Prith Banerjee
(EC member until May 31, 2013)(5)

2,700

2,700

Total

958,803

789,000

216,290

1,898,823

3,862,916


 

Table 13: Compensation to former EC members in 2013

Name

Base salary

Short-term variable compensation(1)

Pension
benefits

Other
benefits(2)

2013
Total cash-based compensation

 

(CHF)

(CHF)

(CHF)

(CHF)

(CHF)

(1)

The short-term variable compensation was paid in 2014, after the publication of the financial results.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

The above compensation figures of Joe Hogan represent compensation for the period September 16 to December 31, 2013, during which he was acting as a Senior Adviser to the ABB Board.

(4)

The above compensation figures of Michel Demaré, Gary Steel and Brice Koch represent contractual compensation for the period following their departure from the EC up to December 31, 2013.

Joe Hogan
(CEO until September 15, 2013)(3)

586,253

879,375

85,239

323,314

1,874,181

Michel Demaré
(CFO until January 31, 2013)(4)

1,100,006

1,100,000

255,549

428,053

2,883,608

Gary Steel
(EC member until November 15, 2013)(4)

100,626

100,625

36,465

14,276

251,992

Brice Koch
(EC member until November 30, 2013)(4)

70,551

70,550

20,174

34,447

195,722

Total

1,857,436

2,150,550

397,427

800,090

5,205,503


 

Table 14: LTIP grants in 2014

Name

Reference number of shares under the performance component of the 2014 launch of the LTIP(1)(4)

Total estimated value of share-based grants under the performance component of the LTIP in 2014(2)

Number of retention shares granted under the 2014 launch of the LTIP(1)(3)

Total estimated value of share-based grants under the retention component of the LTIP in 2014(2)

Total number of shares granted under the 2014 launch of the LTIP(1)

Total estimated value of share-based grants under the LTIP in 2014(2)

 

 

(CHF)

 

(CHF)

 

(CHF)

(1)

Vesting date August 12, 2017.

(2)

The shares of the performance component are valued using the market value of the ABB share on the grant date and the Monte Carlo simulation model. The estimated value applied to the shares of the retention component represents the market value of the ABB share on the grant date of the award.

(3)

The LTIP foresees delivering 30 percent of the value of the vested retention shares in cash. However, participants have the possibility to elect upon vesting to receive 100 percent of the vested award in shares.

(4)

The vested performance component under the plan, if any, will be fully settled in cash. The plan foresees a maximum payout of 200 percent of the number of reference shares, based on the weighted cumulative EPS performance against predefined objectives.

Ulrich Spiesshofer

51,489

1,110,670

93,846

1,909,767

145,335

3,020,437

Eric Elzvik

17,147

369,878

30,549

621,673

47,696

991,551

Jean-Christophe Deslarzes

17,147

369,878

30,549

621,673

47,696

991,551

Diane de Saint Victor

20,173

435,152

35,940

731,379

56,113

1,166,531

Frank Duggan

15,463

333,553

27,548

560,602

43,011

894,155

Greg Scheu

14,684

316,749

26,159

532,336

40,843

849,085

Pekka Tiitinen

14,122

304,626

25,158

511,966

39,280

816,592

Tarak Mehta

16,139

348,135

34,677

705,677

50,816

1,053,812

Veli-Matti Reinikkala

15,534

335,084

27,674

563,166

43,208

898,250

Bernhard Jucker

19,548

421,670

40,750

829,263

60,298

1,250,933

Claudio Facchin

14,122

304,626

31,083

632,540

45,205

937,166

Total Executive Committee members as of December 31, 2014

215,568

4,650,021

403,933

8,220,042

619,501

12,870,063


 

Table 15: LTIP grants in 2013

Name

Reference number of shares under the performance component of the 2013 launch of the LTIP(1)(4)

Total estimated value of share-based grants under the performance component of the LTIP in 2013(2)

Number of retention shares granted under the 2013 launch of the LTIP(1)(3)

Total estimated value of share-based grants under the retention component of the LTIP in 2013(2)

Total number of shares granted under the 2013 launch of the LTIP(1)

Total estimated value of share-based grants under the LTIP in 2013(2)

 

 

(CHF)

 

(CHF)

 

(CHF)

(1)

Vesting date June 5, 2016.

(2)

The shares of the performance component are valued using the market value of the ABB share on the grant date and the Monte Carlo simulation model. The estimated value applied to the shares of the retention component represents the market value of the ABB share on the grant date of the award.

(3)

The LTIP foresees to deliver 30 percent of the value of the vested retention shares in cash. However, participants have the possibility to elect upon vesting to receive 100 percent of the vested award in shares.

(4)

The vested performance component under the plan, if any, will be fully settled in cash. The plan foresees a maximum payout of 200 percent of the number of reference shares, based on the weighted cumulative EPS performance against predefined objectives.

(5)

In connection with his resignation from ABB, Brice Koch forfeited all unvested share grants under the LTIP.

Ulrich Spiesshofer (appointed as CEO as of September 15, 2013)

50,024

1,172,858

78,395

1,686,277

128,419

2,859,135

Eric Elzvik (joined the EC on February 1, 2013)

16,659

422,926

27,071

558,746

43,730

981,672

Jean-Christophe Deslarzes (joined ABB on November 15, 2013)

16,659

393,579

27,071

597,728

43,730

991,307

Diane de Saint Victor

19,599

497,564

31,848

657,343

51,447

1,154,907

Frank Duggan

15,023

381,392

25,632

529,045

40,655

910,437

Greg Scheu

14,553

369,460

24,830

512,492

39,383

881,952

Pekka Tiitinen (joined the EC on September 15, 2013)

13,720

321,678

22,294

479,544

36,014

801,222

Tarak Mehta

15,023

381,392

25,632

529,045

40,655

910,437

Veli-Matti Reinikkala

15,091

383,119

9,810

202,479

24,901

585,598

Bernhard Jucker

18,992

482,154

37,033

764,362

56,025

1,246,516

Claudio Facchin (joined the EC on December 1, 2013)

13,720

324,144

22,294

492,252

36,014

816,396

Total Executive Committee members as of December 31, 2013

209,063

5,130,266

331,910

7,009,313

540,973

12,139,579

 

 

 

 

 

 

 

Brice Koch (EC member until November 30, 2013) (5)

16,593

421,250

28,311

584,340

44,904

1,005,590

Total former Executive Committee members as of December 31, 2013

16,593

421,250

28,311

584,340

44,904

1,005,590

 

 

 

 

 

 

 

Total

225,656

5,551,516

360,221

7,593,653

585,877

13,145,169


 

Table 16: Board ownership of ABB shares

 

Total number of shares held

Name

December 31, 2014

December 31, 2013

(1)

Matti Alahuhta was elected to the Board at the AGM in April 2014.

(2)

Hans Ulrich Märki left the Board at the end of the 2013−2014 term of office.

(3)

Share amounts provided in the section do not include the shares beneficially owned by Investor AB, of which Mr Wallenberg is chairman.

Hubertus von Grünberg

253,264

212,725

Roger Agnelli

170,671

165,533

Matti Alahuhta(1)

17,912

Louis R. Hughes

72,742

70,425

Hans Ulrich Märki(2)

428,176

Michel de Rosen

139,602

133,870

Michael Treschow

108,787

102,782

Jacob Wallenberg(3)

185,708

180,158

Ying Yeh

18,970

13,843

Total

967,656

1,307,512


 

Table17: EC ownership of ABB shares and options as of December 31, 2014

 

 

Vested at Dec. 31, 2014

Unvested at December 31, 2014

Name

Total number of shares held

Number of vested options held under the MIP(1)

Number of unvested options held under the MIP(1)

Retention shares deliverable under the 2012 retention component of the LTIP(2)

Retention shares deliverable under the 2013 retention component of the LTIP(2)

Retention shares deliverable under the 2014 retention component of the LTIP(2)

Replacement share grant for foregone benefits from former employer(3)

Special retention share grant(3)

 

 

 

(vesting 2015)

(vesting 2015)

(vesting 2016)

(vesting 2017)

(vesting 2016 and 2018)

(vesting 2015)

(1)

Options may be sold or exercised/converted into shares at the ratio of 5 options for 1 share.

(2)

The LTIP foresees delivering 30 percent of the value of the vested retention shares in cash. However, participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

The Replacement share grant and the Special retention share grant foresee delivering 30 percent of the value of the vested shares in cash. However, under both awards participants have the possibility to elect to receive 100 percent of the vested award in shares.

(4)

Total number of shares held includes 32 shares held by children.

Ulrich Spiesshofer

241,943

67,293

78,395

93,846

Eric Elzvik

23,768

422,625

287,500

27,071

30,549

Jean-Christophe Deslarzes

27,071

30,549

144,802

Diane de Saint Victor

286,773

38,673

31,848

35,940

150,000

Frank Duggan

97,607

212,500

35,289

25,632

27,548

Greg Scheu(4)

63,137

221,375

29,664

24,830

26,159

Pekka Tiitinen

8,000

422,625

12,041

22,294

25,158

Tarak Mehta

91,275

35,289

25,632

34,677

Veli-Matti Reinikkala

176,119

37,223

9,810

27,674

Bernhard Jucker

235,702

45,924

37,033

40,750

Claudio Facchin

9,903

17,598

22,294

31,083

Total Executive Committee members as of Dec. 31, 2014

1,234,227

1,279,125

287,500

318,994

331,910

403,933

144,802

150,000


 

Table 18: EC ownership of ABB shares and options as of December 31, 2013

 

 

Vested at Dec. 31, 2013

Unvested at December 31, 2013

Name

Total number of shares held

Number of vested options and warrants held under the MIP(1)

Number of unvested options held under the MIP(1)

Number of unvested options held under the MIP(1)

Retention shares deliverable under the 2011 retention component of the LTIP(2)

Retention shares deliverable under the 2012 retention component of the LTIP(2)

Retention shares deliverable under the 2013 retention component of the LTIP(2)

Shares deliverable under the one-time 2012 AIEP(2)

Replacement share grant for foregone benefits from former employer(3)

Special retention share grant(3)

 

 

 

(vesting 2014)

(vesting 2015)

(vesting 2014)

(vesting 2015)

(vesting 2016)

(vesting 2014)

(vesting 2016 and 2018)

(vesting 2015)

(1)

Warrants and options may be sold or exercised/converted into shares at the ratio of 5 warrants/options for 1 share.

(2)

The LTIP foresees delivering 30 percent of the value of the vested retention shares in cash, while the Acquisition Integration Execution Plan (AIEP) foresees delivering 30 percent of the value of the vested shares in cash. However, under both plans participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

The Replacement share grant and the Special retention share grant foresee delivering 30 percent of the value of the vested shares in cash. However, under both awards participants have the possibility to elect to receive 100 percent of the vested award in shares.

(4)

Total number of shares held includes 32 shares held by children.

Ulrich Spiesshofer (appointed CEO as of September 15, 2013)

148,179

31,104

67,293

78,395

72,603

Eric Elzvik (joined the EC on February 1, 2013)

23,284

201,250

221,375

287,500

27,071

Jean-Christophe Deslarzes (joined ABB on November 15, 2013)

27,071

144,802

Diane de Saint Victor

201,707

26,359

38,673

31,848

66,380

150,000

Frank Duggan

26,389

422,215

21,326

35,289

25,632

62,232

Greg Scheu(4)

7,974

201,250

221,375

29,664

24,830

56,008

Pekka Tiitinen (joined the EC on September 15, 2013)

5,500

603,750

221,375

12,041

22,294

Tarak Mehta

24,670

24,211

35,289

25,632

60,572

Veli-Matti Reinikkala

137,388

18,517

37,223

9,810

63,891

Bernhard Jucker

154,050

27,753

45,924

37,033

78,827

Claudio Facchin (joined the EC on December 1, 2013)

1,883

11,458

17,598

22,294

Total Executive Committee members as of Dec. 31, 2013

731,024

1,428,465

664,125

287,500

160,728

318,994

331,910

460,513

144,802

150,000


 

Table 19: EC ownership of WARs and conditionally granted ABB shares (all cash-settled) as of December 31, 2014

 

Vested at Dec. 31, 2014

Unvested at December 31, 2014

Name

Number of fully vested WARs held under the MIP

Reference number of shares under the performance component of the 2012 launch of the LTIP

Reference number of shares under the performance component of the 2013 launch of the LTIP

Reference number of shares under the performance component of the 2014 launch of the LTIP

 

 

(vesting 2015)

(vesting 2016)

(vesting 2017)

Ulrich Spiesshofer

22,588

50,024

51,489

Eric Elzvik

201,250

16,659

17,147

Jean-Christophe Deslarzes

16,659

17,147

Diane de Saint Victor

20,652

19,599

20,173

Frank Duggan

18,845

15,023

15,463

Greg Scheu

17,425

14,553

14,684

Pekka Tiitinen

6,950

13,720

14,122

Tarak Mehta

18,845

15,023

16,139

Veli-Matti Reinikkala

19,878

15,091

15,534

Bernhard Jucker

24,524

18,992

19,548

Claudio Facchin

387,500

10,665

13,720

14,122

Total Executive Committee members as of December 31, 2014

588,750

160,372

209,063

215,568


 

Table 20: EC ownership of WARs and conditionally granted ABB shares (all cash-settled) as of December 31, 2013

 

Vested at Dec. 31, 2013

Unvested at December 31, 2013

Name

Number of fully vested WARs held under the MIP

Maximum number of conditionally granted shares under the performance component of the 2011 launch of the LTIP

Reference number of shares under the performance component of the 2012 launch of the LTIP

Reference number of shares under the performance component of the 2013 launch of the LTIP

 

 

(vesting 2014)

(vesting 2015)

(vesting 2016)

Ulrich Spiesshofer
(appointed CEO as of September 15, 2013)

15,460

22,588

50,024

Eric Elzvik
(joined the EC on February 1, 2013)

434,380

16,659

Jean-Christophe Deslarzes
(joined ABB on November 15, 2013)

16,659

Diane de Saint Victor

14,194

20,652

19,599

Frank Duggan

13,780

18,845

15,023

Greg Scheu

17,425

14,553

Pekka Tiitinen
(joined the EC on September 15, 2013)

6,950

13,720

Tarak Mehta

12,516

18,845

15,023

Veli-Matti Reinikkala

11,965

19,878

15,091

Bernhard Jucker

17,933

24,524

18,992

Claudio Facchin
(joined the EC on December 1, 2013)

675,000

7,639

10,665

13,720

Total Executive Committee members as of December 31, 2013

1,109,380

93,487

160,372

209,063