Stock programs
Employee stock program
LANXESS's stock program offers employees an opportunity to buy shares in the company at a discount. The price per share is calculated from the stock market price less a discount of 30 percent. This discount is financed by LANXESS.
Employee stock program 2017
| Disclosure employee stock 2017 | ||
| Disclosure of Completion employee stock 2017 | ||
| 19. June 2017: Overview of underlying individual trades | ||
| 20. June 2017: Overview of underlying individual trades | ||
| 21. June 2017: Overview of underlying individual trades | ||
| 22. June 2017: Overview of underlying individual trades |
From 19 to 22 June 2017 the total number of repurchased shares, the weighted average price and the aggregated volume, each set out on a daily basis, amounted to:
| Date | Total number of repurchased shares (number) | Weighted average price (EUR) | Aggregated volume (EUR) |
|---|---|---|---|
| 19 Jun 2017 | 20,000 | 67.6177 | 1,352,354.00 |
| 20 Jun 2017 | 20,000 | 67.9495 | 1,358,990.00 |
| 21 Jun 2017 | 22,500 | 66.7072 | 1,500,912.00 |
| 22 Jun 2017 | 19,977 | 66.4605 | 1,327,681.409 |
| Total | 82,477 | 67.1695 | 5,539,937.41 |
Stock Plan for managerial staff
LANXESS employs a fair remuneration policy that is linked to the long-term success of the company and offers employees worldwide a transparent and market-oriented compensation system.
LANXESS offers a long-term incentive program for managers in Germany and a similar program in the United States, Canada, India and China.
Long Term Incentive Plan (LTIP)/ Long Term Peformance Plan (LTSP)
LANXESS's Long Term Incentive Program started in 2005. It comprises three tranches, starting in the years 2005 - 2007. Participation in the LTIP is conditional upon each manager making a personal investment in LANXESS stock, depending on his/her base salary. Each manager's personal investment is subject to a five-year lock-up period. In each tranche of the LTIP the participants automatically receive (share-based/ non share-based) rights.
Whereas the first program comprised a share-based component (Stock Performance Plan 2005-2007) and a non-share-based component (Economic Value Plan), the subsequent programs are entirely share-based (Stock Performance Plan 2008-2010 and Stock Performance Plan 2010-2013).
The stock performance plan compares the company’s value against the Dow Jones STOXX 600 ChemicalsSM Index over a period of three years. Since participants make a personal investment and there is the chance that the stock will increase in value, the program is an attractive long-term incentive and a means of boosting employee loyalty.
For the period 2010 to 2013, the Board of Management has drawn up a new long-term incentive plan (LTIP) for LANXESS. The Long-Term Stock Performance Plan 2010-2013 (LTSP) comprises four tranches, one commencing each year. This plan also compares the company’s value against the Dow Jones STOXX 600 ChemicalsSM Index, but over a period of four years. Participation in the LTSP is also conditional upon each manager making a personal investment in LANXESS stock, depending on his/her base salary.