Board of Management remuneration in financial year 2020
Board of Management remuneration in 2020 pursuant to Section 314 Subsection 1 No. 6 of the German Commercial Code (HGB)
The total remuneration granted by Group companies (excluding retirement benefit commitments) to the members of the Board of Management of Daimler AG is calculated as the total of the amounts of
- the base salary in 2020,
- the half of the annual bonus for 2020 payable in 2021 and measured as of the end of the reporting period,
- the half of the medium-term share-based component of the annual bonus for 2020 payable in 2022 with its value at the end of the reporting period (entitlement depending on the development of Daimler’s share price compared with the STOXX Europe Auto Index),
- the value of the long-term share-based remuneration (PPSP) at the time when granted in 2020, and
- the taxable non-cash benefits in 2020.
For both of the share-based components — the second 50 % of the annual bonus and the PPSP with a long-term orientation — 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 possible upper limits with regard to the annual bonus and the PPSP are shown in tables B.50 and B.51


Taking into account the voluntary agreement on the part of the Board of Management to forgo 20 % of their base salary from April 1 to December 31, the total remuneration of the Board of Management for financial year 2020 amounts to €28.1 million (2019: €24.2 million). Of that total, €7.8 million was fixed, that is, non-performance-related remuneration (2019: €8.9 million), €11.1 million (2019: €2.0 million) was short-term and medium-term variable performance-related remuneration (annual bonus with deferral), and €9.2 million was variable performance-related remuneration granted in the financial year with a long-term incentive effect (2019: €13.3 million). (See table B.52)
B.52 Board of Management remuneration in 2020
Base salary1 | Short and medium-term variable remuneration (annual bonus) | Long-term variable remuneration (PPSP) | Total | ||||
Short-term | Medium-term | Number | Value when granted (2020: at share price €42.73) (2019: at share price €50.00) |
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In thousands of euros | |||||||
Ola Källenius2 | 2020 | 1,415 | 1,232 | 1,232 | 47,702 | 2,038 | 5,917 |
2019 | 1,340 | 168 | 168 | 36,982 | 1,849 | 3,525 | |
Martin Daum | 2020 | 707 | 616 | 616 | 23,851 | 1,019 | 2,958 |
2019 | 832 | 104 | 104 | 22,169 | 1,108 | 2,148 | |
Renata Jungo Brüngger | 2020 | 707 | 614 | 616 | 23,851 | 1,019 | 2,958 |
2019 | 832 | 104 | 104 | 22,169 | 1,108 | 2,148 | |
Wilfried Porth | 2020 | 707 | 616 | 616 | 24,935 | 1,065 | 3,004 |
2019 | 832 | 104 | 104 | 23,177 | 1,159 | 2,199 | |
Markus Schäfer3 | 2020 | 707 | 616 | 616 | 23,851 | 1,019 | 2,958 |
2019 | 508 | 64 | 64 | 17,735 | 887 | 1,523 | |
Britta Seeger | 2020 | 707 | 616 | 616 | 23,851 | 1,019 | 2,958 |
2019 | 832 | 104 | 104 | 22,169 | 1,108 | 2,148 | |
Hubertus Troska | 2020 | 707 | 616 | 616 | 23,851 | 1,019 | 2,958 |
2019 | 832 | 104 | 104 | 22,169 | 1,108 | 2,148 | |
Harald Wilhelm4 | 2020 | 723 | 629 | 629 | 23,851 | 1,019 | 3,000 |
2019 | 638 | 80 | 80 | 16,627 | 831 | 1,629 | |
Bodo Uebber5 | 2020 | - | - | - | - | - | - |
2019 | 379 | 47 | 47 | 26,502 | 1,325 | 1,798 | |
Dr. Dieter Zetsche5 | 2020 | - | - | - | - | - | - |
2019 | 804 | 101 | 101 | 56,429 | 2,822 | 3,828 | |
Total | 2020 | 6,380 | 5,55 | 5,55 | 215,743 | 9,217 | 26,711 |
2019 | 7,829 | 7980 | 7980 | 266,128 | 13,305 | 23,094 | |
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20 % of their base salary from April 1 to December 31, 2020. | |||||||
2 2019: Board of Management remuneration paid as a member until May 21, 2019; as the Chairman from May 22, 2019. | |||||||
3 2019: Board of Management remuneration paid from May 22, 2019. | |||||||
4 2019: Board of Management remuneration paid from April 1, 2019. | |||||||
5 2019: Board of Management remuneration paid until May 22, 2019. |
The granting of non-cash benefits in kind, primarily expenses for security precautions and the provision of company cars, resulted in taxable benefits for the members of the Board of Management in 2020 as shown in table B.53.
B.53 Taxable non-cash benefits and other fringe benefits
2020 | 2019 | |
In thousands of euros | ||
Ola Källenius1 | 72 | 90 |
Martin Daum | 115 | 120 |
Renata Jungo Brüngger | 96 | 95 |
Wilfried Porth | 88 | 87 |
Markus Schäfer2 | 96 | 57 |
Britta Seeger | 86 | 94 |
Hubertus Troska3 | 748 | 394 |
Harald Wilhelm4 | 77 | 62 |
Bodo Uebber5 | ‒ | 44 |
Dr. Dieter Zetsche5 | ‒ | 65 |
Total | 1,378 | 1,108 |
1 2019: Board of Management remuneration paid as a member until May 21, 2019; as the Chairman from May 22, 2019. 2 2019: Board of Management remuneration paid from May 22, 2019. 3 Hubertus Troska’s foreign assignment caused deferred taxable benefits of €366,300 for the previous years. For the fulfillment of disclosure obligations pursuant to Section 285 No. 9a of the German Commercial Code (HGB), the total amount is reduced by €153,814 for the financial year 2020 (2019: €149,366). The corresponding fringe benefits were granted and borne by a subsidiary and are thus not included in the remuneration to be disclosed in the annual financial statements of the parent company, Daimler AG. 4 2019: Board of Management remuneration paid from April 1, 2019. 5 2019: Board of Management remuneration paid until May 22, 2019. |
Further details of Board of Management remuneration in 2020
The following tables show for each individual member of the Board of Management on the one hand the benefits granted for the financial year and on the other hand the payments made in or for the reporting year and the retirement pension expense in or for the reporting year in comparison with the prior year. The tables are based on the previous recommendations of Clause 4.2.5 paragraph 3 of the German Corporate Governance Code as amended on February 7, 2017.
The total of “benefits granted” for financial year 2019 is calculated from
- the base salary in 2019,
- the taxable non-cash benefits and other fringe benefits in 2019,
- the half of the annual bonus paid in 2020 for 2019 at the value for target achievement of 100 %,
- the half of the medium-term annual bonus payable in 2021 for 2019 at the value for target achievement of 100 % (deferral),
- the value of the long-term share-based remuneration (PPSP) at the time when granted in 2019 (payable in 2023), and
- the retirement pension expense in 2019 (service costs in 2019).
The total of “benefits granted” for financial year 2020 is calculated from
- the base salary in 2020,
- the taxable non-cash benefits and other fringe benefits in 2020,
- the half of the annual bonus payable in 2021 for 2020 at the value for target achievement of 100 %,
- the half of the medium-term annual bonus payable in 2022 for 2020 at the value for target achievement of 100 % (deferral),
- the value of the long-term share-based remuneration (PPSP) at the time when granted in 2020 (payable in 2024), and
- the retirement pension expense in 2020 (service costs in 2020).
The total of “payments made” for financial year 2019 is calculated from
- the base salary in 2019,
- the taxable non-cash benefits and other fringe benefits in 2019,
- the half of the annual bonus paid in 2020 for 2019 at the value as of the end of the reporting period in financial year 2019,
- the half of the medium-term annual bonus paid in 2019 for 2017 (deferral),
- the value of the long-term share-based remuneration (PPSP 2015) paid in 2019,
- the dividend equivalent of the current PPSP (2016, 2017, 2018 and 2019) paid in 2019, and
- the retirement pension expense in 2019 (service costs in 2019).
The caps possible to ensure the total maximum amount shown in the table of benefits granted for financial year 2019 are implemented with the payout of PPSP 2019, which constitutes the last payment to be made of the components of remuneration granted in financial year 2019. For financial year 2019, therefore, the possible cap would take place in 2023, the year that PPSP 2019 is paid out.
The total of “payments made” for financial year 2020 is calculated from
- the base salary in 2020,
- the taxable non-cash benefits and other fringe benefits in 2020,
- the half of the annual bonus payable in 2021 for 2020 at the value as of the end of the reporting period,
- the half of the medium-term annual bonus paid in 2020 for 2018 (deferral),
- the value of the long-term share-based remuneration (PPSP 2016) paid in 2020,
- the dividend equivalent of the current PPSP (2017, 2018, 2019 and 2020) paid in 2020, and
- the retirement pension expense in 2020 (service costs in 2020).
The caps possible to ensure the total maximum amount shown in the table of benefits granted for reporting year 2020 are implemented with the payout of PPSP 2020, Which constitutes the last payment to be made of the components of remuneration granted in financial year 2020. For financial year 2020, therefore, the possible cap would take place in 2024, the year that PPSP 2020 is paid out.
B.54 Benefits granted
Ola Källenius3 Chairman of the Board of Management of Daimler AG/ Mercedes-Benz Cars & Vans |
Martin Daum Daimler Trucks & Buses |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |||||
2019 | 2020 | min | max | 2019 | 2020 | min | max | |
In thousands of euros | ||||||||
Base salary1 | 1,340 | 1,415 | 1,415 | 1,415 | 832 | 707 | 707 | 707 |
Taxable non-cash benefits and other fringe benefits | 90 | 72 | 72 | 72 | 120 | 115 | 115 | 115 |
Total | 1,430 | 1,487 | 1,487 | 1,487 | 952 | 822 | 822 | 822 |
Annual variable remuneration (50 % of annual bonus, short-term) | 670 | 832 | 0 | 1,664 | 416 | 416 | 0 | 832 |
Deferral (50 % of annual bonus, medium-term) | 670 | 832 | 0 | 1,664 | 416 | 416 | 0 | 832 |
Long-term variable remuneration (plan period of 4 years) | 1,849 | 2,038 | 0 | 5,500 | 1,108 | 1,019 | 0 | 2,750 |
Total | 3,189 | 3,702 | 0 | 8,828 | 1,940 | 1,851 | 0 | 4,414 |
Retirement pension expense (service costs) | 261 | 520 | 520 | 520 | 250 | 250 | 250 | 250 |
Total remuneration | 4,880 | 5,709 | 2,007 | 10,835 | 3,142 | 2,923 | 1,072 | 5,486 |
Total limit2 for components of remuneration granted in the reporting year excluding: – Taxable non-cash benefits and other fringe benefits – Retirement pension expense (service costs) |
7,878 | 9,399 | 5,252 | 5,252 | ||||
Maximum total remuneration pursuant to Section 87a Subsection 1 Sentence 2 No. 1 German Stock Corporation Act (AktG) | 12,000 | 7,200 | ||||||
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20 % of their base salary from April 1 to December 31, 2020. | ||||||||
2 Total limit = maximum amount of remuneration (cash flow cap) 1.7 times for Ola Källenius (2019: 1.5 times for Dr. Dieter Zetsche) / 1.9 times target remuneration (base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments). | ||||||||
3 2019: Board of Management remuneration paid as a member until May 21, 2019; as the Chairman from May 22, 2019. |
Benefits granted
Renata Jungo Brüngger Integrity & Legal Affairs |
Wilfried Porth HR and Labor Relations Director |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |||||
2019 | 2020 | min | max | 2019 | 2020 | min | max | |
In thousands of euros | ||||||||
Base salary1 | 832 | 707 | 707 | 707 | 832 | 707 | 707 | 707 |
Taxable non-cash benefits and other fringe benefits | 95 | 96 | 96 | 96 | 87 | 88 | 88 | 88 |
Total | 927 | 803 | 803 | 803 | 919 | 795 | 795 | 795 |
Annual variable remuneration (50% of annual bonus, short-term) | 416 | 416 | 0 | 832 | 416 | 416 | 0 | 832 |
Deferral (50% of annual bonus, medium-term) | 416 | 416 | 0 | 832 | 416 | 416 | 0 | 832 |
Long-term variable remuneration (plan period of 4 years) | 1,108 | 1,019 | 0 | 2,750 | 1,159 | 1,065 | 0 | 2,875 |
Total | 1,940 | 1,851 | 0 | 4,414 | 1,991 | 1,897 | 0 | 4,539 |
Retirement pension expense (service costs) | 254 | 252 | 252 | 252 | 0 | 0 | 0 | 0 |
Total remuneration | 3,121 | 2,906 | 1,055 | 5,469 | 2,910 | 2,692 | 795 | 5,334 |
Total limit2 for components of remuneration granted in the reporting year excluding: – Taxable non-cash benefits and other fringe benefits – Retirement pension expense (service costs) |
5,252 | 5,252 | 5,347 | 5,347 | ||||
Maximum total remuneration pursuant to Section 87a Subsection 1 Sentence 2 No. 1 German Stock Corporation Act (AktG) | 7,200 | 7,200 | ||||||
1 Taking into account the voluntary agreement of the Board of Management to forgo 20% of the base salary from April 1 to December 31, 2020. | ||||||||
2 Total limit = maximum amount of remuneration (cash flow cap) 1.7 times for Ola Källenius (2019: 1.5 times for Dr. Dieter Zetsche) / 1.9 times target remuneration (base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments). |
Benefits granted
Markus Schäfer Group Research and Mercedes-Benz Cars Chief Operating Officer |
Britta Seeger Mercedes-Benz Cars Marketing & Sales |
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May 22 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |||||
2019 | 2020 | min | max | 2019 | 2020 | min | max | |
In thousands of euros | ||||||||
Base salary1 | 508 | 707 | 707 | 707 | 832 | 707 | 707 | 707 |
Taxable non-cash benefits and other fringe benefits | 57 | 96 | 96 | 96 | 94 | 86 | 86 | 86 |
Total | 565 | 803 | 803 | 803 | 926 | 793 | 793 | 793 |
Annual variable remuneration (50% of annual bonus, short-term) | 254 | 416 | 0 | 832 | 416 | 416 | 0 | 832 |
Deferral (50% of annual bonus, medium-term) | 254 | 416 | 0 | 832 | 416 | 416 | 0 | 832 |
Long-term variable remuneration (plan period of 4 years) | 887 | 1,019 | 0 | 2,750 | 1,108 | 1,019 | 0 | 2,750 |
Total | 1,395 | 1,851 | 0 | 4,414 | 1,940 | 1,851 | 0 | 4,414 |
Retirement pension expense (service costs) | 155 | 254 | 254 | 254 | 254 | 256 | 256 | 256 |
Total remuneration | 2,115 | 2,908 | 1,057 | 5,471 | 3,120 | 2,900 | 1,049 | 5,463 |
Total limit2 for components of remuneration granted in the reporting year excluding: – Taxable non-cash benefits and other fringe benefits– Retirement pension expense (service costs) |
3,602 | 5,252 | 5,252 | 5,252 | ||||
Maximum total remuneration pursuant to Section 87a Subsection 1 Sentence 2 No. 1 German Stock Corporation Act (AktG) | 7,200 | 7,200 | ||||||
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20% of their base salary from April 1 to December 31, 2020.2 Total limit = maximum amount of remuneration (cash flow cap) 1.7 times for Ola Källenius (2019: 1.5 times for Dr. Dieter Zetsche) / 1.9 times target remuneration (base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments). |
Benefits granted
Hubertus Troska Greater China |
Harald Wilhelm Finance & Controlling, Daimler Mobility |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | April 1 – Dec. 31 | Jan. 1 – Dec. 31 | |||||
2019 | 2020 | min | max | 2019 | 2020 | min | max | |
In thousands of euros | ||||||||
Base salary1 | 832 | 707 | 707 | 707 | 638 | 723 | 723 | 723 |
Taxable non-cash benefits and other fringe benefits | 394 | 748 | 748 | 748 | 62 | 77 | 77 | 77 |
Total | 1,226 | 1,455 | 1,455 | 1,455 | 700 | 800 | 800 | 800 |
Annual variable remuneration (50% of annual bonus, short-term) | 416 | 416 | 0 | 832 | 319 | 425 | 0 | 850 |
Deferral (50% of annual bonus, medium-term) | 416 | 416 | 0 | 832 | 319 | 425 | 0 | 850 |
Long-term variable remuneration (plan period of 4 years) | 1,108 | 1,019 | 0 | 2,750 | 831 | 1,019 | 0 | 2,750 |
Total | 1,940 | 1,851 | 0 | 4,414 | 1,469 | 1,869 | 0 | 4,450 |
Retirement pension expense (service costs) | 250 | 250 | 250 | 250 | 218 | 291 | 291 | 291 |
Total remuneration | 3,416 | 3,556 | 1,705 | 6,119 | 2,387 | 2,960 | 1,091 | 5,541 |
Total limit2 for components of remuneration granted in the reporting year excluding: – Taxable non-cash benefits and other fringe benefits – Retirement pension expense (service costs) | 5,252 | 5,252 | 3,990 | 5,320 | ||||
Maximum total remuneration pursuant to Section 87a Subsection 1 Sentence 2 No. 1 German Stock Corporation Act (AktG) | 7,200 | 7,200 | ||||||
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20% of their base salary from April 1 to December 31, 2020. | ||||||||
2 Total limit = maximum amount of remuneration (cash flow cap) 1.7 times for Ola Källenius (2019: 1.5 times for Dr. Dieter Zetsche) / 1.9 times target remuneration (base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments). |
Benefits granted
Bodo Uebber Finance & Controlling, Daimler Financial Services |
Dr. Dieter Zetsche Chairman of the Board of Management, Head of Mercedes-Benz Cars |
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Jan. 1 – May 22 | Jan. 1 – Dec. 31 | Jan. 1 – May 22 | Jan. 1 – Dec. 31 | |||||
2019 | 2020 | min. | max. | 2019 | 2020 | min. | max. | |
In thousands of euros | ||||||||
Base salary | 379 | ‒ | ‒ | ‒ | 804 | ‒ | ‒ | ‒ |
Taxable non-cash benefits and other fringe benefits | 44 | ‒ | ‒ | ‒ | 65 | |||
Total | 423 | ‒ | ‒ | ‒ | 869 | ‒ | ‒ | ‒ |
Annual variable remuneration (50% of annual bonus, short-term) | 190 | ‒ | ‒ | ‒ | 402 | ‒ | ‒ | ‒ |
Deferral (50% of annual bonus, medium-term) | 190 | ‒ | ‒ | ‒ | 402 | ‒ | ‒ | ‒ |
Long-term variable remuneration (plan period of 4 years) | 1,325 | ‒ | ‒ | ‒ | 2,822 | ‒ | ‒ | ‒ |
Total | 1,705 | ‒ | ‒ | ‒ | 3,626 | ‒ | ‒ | ‒ |
Retirement pension expense (service costs) | 362 | ‒ | ‒ | ‒ | 0 | ‒ | ‒ | ‒ |
Total remuneration | 2,490 | ‒ | ‒ | ‒ | 4,495 | ‒ | ‒ | ‒ |
Total limit1 for components of remuneration granted in the reporting year excluding: – Taxable non-cash benefits and other fringe benefits – Retirement pension expense (service costs) | 3,940 | ‒ | 6,612 | ‒ | ||||
Maximum total remuneration pursuant to Section 87a Subsection 1 Sentence 2 No. 1 German Stock Corporation Act (AktG) | ‒ | ‒ | ||||||
1 Total limit = maximum amount of remuneration (cash flow cap) 1.7 times for Ola Källenius (2019: 1.5 times for Dr. Dieter Zetsche) / 1.9 times target remuneration (base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments). |
B.55 Payments made
Ola Källenius2 Chairman of the Board of Management of Daimler AG/ Mercedes-Benz Cars & Vans |
Martin Daum3 Daimler Trucks & Buses |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |
2019 | 2020 | 2019 | 2020 | |
In thousands of euros | ||||
Base salary1 | 1,340 | 1,415 | 832 | 707 |
Taxable non-cash benefits and other fringe benefits | 90 | 72 | 120 | 115 |
Total | 1,430 | 1,487 | 952 | 822 |
Annual variable remuneration (50 % of annual bonus, short-term) | 168 | 1,232 | 104 | 616 |
Deferral (50 % of annual bonus, medium-term) | 728 | 242 | 607 | 242 |
Long-term variable remuneration | ||||
Payment of PPSP 2015 | 751 | ‒ | 277 | ‒ |
Payment of PPSP 2016 | ‒ | 565 | ‒ | 225 |
Dividend equivalent PPSP 2016 | 40 | ‒ | 16 | ‒ |
Dividend equivalent PPSP 2017 | 50 | 8 | 50 | 8 |
Dividend equivalent PPSP 2018 | 48 | 13 | 48 | 13 |
Dividend equivalent PPSP 2019 | 120 | 33 | 72 | 20 |
Dividend equivalent PPSP 2020 | ‒ | 43 | ‒ | 21 |
Total | 1,905 | 2,136 | 1,174 | 1,145 |
Retirement pension expense (service costs) | 261 | 520 | 250 | 250 |
Total remuneration4 | 3,596 | 4,143 | 2,376 | 2,217 |
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20 % of their base salary from April 1 to December 31, 2020. | ||||
2 2019: Payments as a Board of Management member made up to May 21, 2019; as the Chairman from May 22, 2019. | ||||
3 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership. | ||||
4 Amount actually paid during the financial year: (The difference pertains to the annual variable remuneration paid at the beginning of the following year compared to the non-cash benefits in kind that were not paid out and the retirement pension expense). | 3,337 | 2,487 | 2,162 | 1,340 |
Payments made
Renata Jungo Brüngger2 Integrity & Legal Affairs |
Wilfried Porth HR and Labor Relations Director |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |
2019 | 2020 | 2019 | 2020 | |
In thousands of euros | ||||
Base salary1 | 832 | 707 | 832 | 707 |
Taxable non-cash benefits and other fringe benefits | 95 | 96 | 87 | 88 |
Total | 927 | 803 | 919 | 795 |
Annual variable remuneration (50% of annual bonus, short-term) | 104 | 616 | 104 | 616 |
Deferral (50% of annual bonus, medium-term) | 728 | 242 | 728 | 242 |
Long-term variable remuneration | ||||
Payment of PPSP 2015 | 120 | ‒ | 785 | ‒ |
Payment of PPSP 2016 | ‒ | 565 | ‒ | 591 |
Dividend equivalent PPSP 2016 | 40 | ‒ | 42 | ‒ |
Dividend equivalent PPSP 2017 | 50 | 8 | 52 | 8 |
Dividend equivalent PPSP 2018 | 48 | 13 | 51 | 14 |
Dividend equivalent PPSP 2019 | 72 | 20 | 75 | 21 |
Dividend equivalent PPSP 2020 | ‒ | 21 | ‒ | 22 |
Total | 1,162 | 1,485 | 1,837 | 1,514 |
Retirement pension expense (service costs) | 254 | 252 | 0 | 0 |
Total remuneration3 | 2,343 | 2,540 | 2,756 | 2,309 |
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20% of their base salary from April 1 to December 31, 2020. | ||||
2 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership. | ||||
3 Amount actually paid out during the financial year: (The difference pertains to the annual variable remuneration paid at the beginning of the following year compared to the non-cash benefits in kind that were not paid out and the retirement pension expense). | 2,150 | 1,680 | 2,825 | 1,709 |
Payments made
Markus Schäfer2 Group Research and Mercedes-Benz Cars Chief Operating Officer |
Britta Seeger2 Mercedes-Benz Cars Marketing & Sales |
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May 22 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | |
2019 | 2020 | 2019 | 2020 | |
In thousands of euros | ||||
Base salary1 | 508 | 707 | 832 | 707 |
Taxable non-cash benefits and other fringe benefits | 57 | 96 | 94 | 86 |
Total | 565 | 803 | 926 | 793 |
Annual variable remuneration (50% of annual bonus, short-term) | 64 | 616 | 104 | 616 |
Deferral (50% of annual bonus, medium-term) | ‒ | ‒ | 728 | 242 |
Long-term variable remuneration | ||||
Payment of PPSP 2015 | ‒ | ‒ | 37 | ‒ |
Payment of PPSP 2016 | ‒ | 185 | ‒ | 59 |
Dividend equivalent PPSP 2016 | 13 | ‒ | 4 | ‒ |
Dividend equivalent PPSP 2017 | 17 | 3 | 50 | 8 |
Dividend equivalent PPSP 2018 | 19 | 5 | 48 | 13 |
Dividend equivalent PPSP 2019 | 58 | 16 | 72 | 20 |
Dividend equivalent PPSP 2020 | ‒ | 21 | ‒ | 21 |
Total | 171 | 846 | 1,043 | 979 |
Retirement pension expense (service costs) | 155 | 254 | 254 | 256 |
Total remuneration3 | 891 | 1,903 | 2,223 | 2,028 |
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20% of their base salary from April 1 to December 31, 2020. | ||||
2 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership. | ||||
3 Amount actually paid out during the financial year: (The difference pertains to the annual variable remuneration paid at the beginning of the following year compared to the non-cash benefits in kind that were not paid out and the retirement pension expense). | 615 | 1,001 | 2,031 | 1,174 |
Payments made
Hubertus Troska Greater China |
Harald Wilhelm Finance & Controlling, Daimler Mobility |
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Jan. 1 – Dec. 31 | Jan. 1 – Dec. 31 | April 1 – Dec. 31 | Jan. 1 – Dec. 31 | |
2019 | 2020 | 2019 | 2020 | |
In thousands of euros | ||||
Base salary1 | 832 | 707 | 638 | 723 |
Taxable non-cash benefits and other fringe benefits | 394 | 748 | 62 | 77 |
Total | 1,226 | 1,455 | 700 | 800 |
Annual variable remuneration (50% of annual bonus, short-term) | 104 | 616 | 80 | 629 |
Deferral (50% of annual bonus, medium-term) | 728 | 242 | ‒ | ‒ |
Long-term variable remuneration | ||||
Payment of PPSP 2015 | 751 | ‒ | ‒ | ‒ |
Payment of PPSP 2016 | ‒ | 565 | ‒ | ‒ |
Dividend equivalent PPSP 2016 | 40 | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2017 | 50 | 8 | ‒ | ‒ |
Dividend equivalent PPSP 2018 | 48 | 13 | ‒ | ‒ |
Dividend equivalent PPSP 2019 | 72 | 20 | 54 | 15 |
Dividend equivalent PPSP 2020 | ‒ | 21 | ‒ | 21 |
Total | 1,793 | 1,485 | 134 | 665 |
Retirement pension expense (service costs) | 250 | 250 | 218 | 291 |
Total remuneration2 | 3,269 | 3,190 | 1,052 | 1,756 |
1 Taking into account the voluntary agreement on the part of the Board of Management to forgo 20% of their base salary from April 1 to December 31, 2020. | ||||
2 Amount actually paid out during the financial year: (The difference pertains to the annual variable remuneration paid at the beginning of the following year compared to the non-cash benefits in kind that were not paid out and the retirement pension expense). | 2,781 | 1,680 | 692 | 839 |
Payments made
Bodo Uebber Finance & Controlling, Daimler Financial Services |
Dr. Dieter Zetsche Chairman of the Board of Management, Head of Mercedes-Benz Cars |
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Jan. 1 – May 22 | Jan. 1 – Dec. 31 | Jan. 1 – May 22 | Jan. 1 – Dec. 31 | |
2019 | 2020 | 2019 | 2020 | |
In thousands of euros | ||||
Base salary | 379 | ‒ | 804 | ‒ |
Taxable non-cash benefits and other fringe benefits | 44 | ‒ | 65 | ‒ |
Total | 423 | ‒ | 869 | ‒ |
Annual variable remuneration (50% of annual bonus, short-term) | 47 | ‒ | 101 | ‒ |
Deferral (50% of annual bonus, medium-term) | 848 | ‒ | 1,780 | ‒ |
Long-term variable remuneration | ||||
Payment of PPSP 2015 | 898 | ‒ | 1,877 | ‒ |
Payment of PPSP 2016 | ‒ | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2016 | ‒ | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2017 | ‒ | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2018 | ‒ | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2019 | ‒ | ‒ | ‒ | ‒ |
Dividend equivalent PPSP 2020 | ‒ | ‒ | ‒ | ‒ |
Total | 1,793 | ‒ | 3,758 | ‒ |
Retirement pension expense (service costs) | 362 | ‒ | 0 | ‒ |
Total remuneration1 | 2,578 | ‒ | 4,627 | ‒ |
1 Amount actually paid out during the financial year: (The difference pertains to the annual variable remuneration paid at the beginning of the following year compared to the non-cash benefits in kind that were not paid out and the retirement pension expense). | 2,679 | ‒ | 5,635 | ‒ |