Details of Board of Management remuneration in 2018 pursuant to the requirements of the German Corporate Governance Code

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 year under review in accordance with the recommendations of Clause 4.2.5 paragraph 3 of the German Corporate Governance Code.

The total of “benefits granted” for financial year 2017 is calculated from

  • the base salary in 2017,
  • the taxable non-cash benefits and other fringe benefits in 2017,
  • the half of the annual bonus paid in 2018 for 2017 at the value for target achievement of 100 %,
  • the half of the share-based annual bonus payable in 2019 for 2017 at the value for target achievement of 100 %,
  • the value of the long-term share-based remuneration (PPSP) at the time when granted in 2017 (payable in 2021), and
  • the retirement pension expense in 2017 (service costs in 2017).

The total of “benefits granted” for financial year 2018 is calculated from

  • the base salary in 2018,
  • the taxable non-cash benefits and other fringe benefits in 2018,
  • the half of the annual bonus payable in 2019 for 2018 at the value for target achievement of 100 %,
  • the half of the share-based annual bonus payable in 2020 for 2018 at the value for target achievement of 100 %,
  • the value of the long-term share-based remuneration (PPSP) at the time when granted in 2018 (payable in 2022), and
  • the retirement pension expense in 2018 (service costs in 2018).

The total of “payments made” for financial year 2017 is calculated from

  • the base salary in 2017,
  • the taxable non-cash benefits and other fringe benefits in 2017,
  • the half of the annual bonus paid in 2018 for 2017 at the value as of the end of the reporting period in financial year 2017,
  • the half of the share-based annual bonus paid in 2017 for 2015 (deferral),
  • the value of the long-term share-based remuneration (PPSP 2013) paid in 2017,
  • the dividend equivalent of the current PPSP (2014, 2015, 2016 and 2017) paid in 2017, and
  • the retirement pension expense in 2017 (service costs in 2017).

B.60 Benefits granted

Dr. Dieter Zetsche
Chairman of the Board of Management,
Head of Mercedes-Benz Cars
Dr. Wolfgang Bernhard
Daimler Trucks & Buses
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Feb. 10 Jan. 1 – Dec. 31
  2017 2018 min. max. 2017 2018 min. max.
In thousands of euros                
                 
Base salary 2,008 2,048 2,048 2,048 92
Taxable non-cash benefits and other fringe benefits 167 195 195 195 9
Total 2,175 2,243 2,243 2,243 101
Annual variable remuneration
(50 % of annual bonus, short-term)
1,004 1,024 0 2,407 46
Deferral (50 % of annual bonus, medium-term) 1,004 1,024 0 2,407 46
Long-term variable remuneration
(plan period of 4 years)
2,653 2,659 0 7,000
Total 4,661 4,707 0 11,814 92
Retirement pension expense (service costs) 46
                 
Total remuneration 6,836 6,950 2,243 14,057 239
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)

10,224
   
10,344

348
   

1 Total limit = maximum amount ïƒ 1.5 times (Dr. 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

Martin Daum
Daimler Trucks & Buses
Renata Jungo Brüngger
Integrity & Legal Affairs
  March 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 min. max. 2017 2018 min. max.
In thousands of euros                
                 
Base salary 677 832 832 832 812 832 832 832
Taxable non-cash benefits and other fringe benefits 235 121 121 121 108 93 93 93
Total 912 953 953 953 920 925 925 925
Annual variable remuneration
(50 % of annual bonus, short-term)
338 416 0 978 406 416 0 978
Deferral (50 % of annual bonus, medium-term) 338 416 0 978 406 416 0 978
Long-term variable remuneration
(plan period of 4 years)
1,043 1,045 0 2,750 1,043 1,045 0 2,750
Total 1,719 1,877 0 4,706 1,855 1,877 0 4,706
Retirement pension expense (service costs) 102 244 244 244 245 251 251 251
                 
Total remuneration 2,733 3,074 1,197 5,903 3,020 3,053 1,176 5,882
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)

4,662
   
5,252

5,176
   
5,252

1 Total limit = maximum amount  1.5 times (Dr. 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

Ola Källenius
Group Research & Mercedes-Benz
Cars Development
Wilfried Porth
HR and Labor Relations Director
& Mercedes Benz Vans
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 min. max. 2017 2018 min. max.
In thousands of euros                
                 
Base salary 812 832 832 832 812 832 832 832
Taxable non-cash benefits and other fringe benefits 95 161 161 161 146 88 88 88
Total 907 993 993 993 958 920 920 920
Annual variable remuneration
(50 % of annual bonus, short-term)
406 416 0 978 406 416 0 978
Deferral (50 % of annual bonus, medium-term) 406 416 0 978 406 416 0 978
Long-term variable remuneration
(plan period of 4 years)
1,043 1,045 0 2,750 1,090 1,092 0 2,750
Total 1,855 1,877 0 4,706 1,902 1,924 0 4,706
Retirement pension expense (service costs) 248 257 257 257 282 292 292 292
                 
Total remuneration 3,010 3,127 1,250 5,956 3,142 3,136 1,212 6,043
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)

5,176
   
5,252

5,271
   
5,347

1 Total limit = maximum amount  1.5 times (Dr. 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

Britta Seeger
Mercedes-Benz Cars
Marketing & Sales
Hubertus Troska
Greater China
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 min. max. 2017 2018 min. max.
In thousands of euros                
                 
Base salary 812 832 832 832 812 832 832 832
Taxable non-cash benefits and other fringe benefits 366 164 164 164 470 494 494 494
Total 1,178 996 996 996 1,282 1,326 1,326 1,326
Annual variable remuneration
(50 % of annual bonus, short-term)
406 416 0 978 406 416 0 978
Deferral (50 % of annual bonus, medium-term) 406 416 0 978 406 416 0 978
Long-term variable remuneration
(plan period of 4 years)
1,043 1,045 0 2,750 1,043 1,045 0 2,750
Total 1,855 1,877 0 4,706 1,855 1,877 0 4,706
Retirement pension expense (service costs) 122 248 248 248 238 244 244 244
                 
Total remuneration 3,155 3,121 1,244 5,950 3,375 3,447 1,570 6,276
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)

5,176
   
5,252

5,176
    5,252

1 Total limit = maximum amount  1.5 times (Dr. 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
 
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31    
  2017 2018 min. max.        
In thousands of euros                
                 
Base salary 947 966 966 966        
Taxable non-cash benefits and other fringe benefits 107 164 164 164        
Total 1,054 1,130 1,130 1,130        
Annual variable remuneration
(50 % of annual bonus, short-term)
473 483 0 1,136        
Deferral (50 % of annual bonus, medium-term) 473 483 0 1,136        
Long-term variable remuneration
(plan period of 4 years)
1,246 1,249 0 3,288        
Total 2,192 2,215 0 5,560        
Retirement pension expense (service costs) 690 886 886 886        
                 
Total remuneration 3,936 4,231 2,016 7,576        
Total limit 1 for components of remuneration
granted in the reporting year
Excluding
– Taxable non-cash benefits and other fringe benefits
– Retirement pension expense (service costs)

6,095
   
6,171
       

1 Total limit = maximum amount  1.5 times (Dr. Zetsche)/1.9 times target remuneration
(base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments).

The caps possible to ensure the total maximum amount shown in the table of benefits granted for financial year 2017 are implemented with the payout of PPSP 2017, which constitutes the last payment to be made of the components of remuneration granted in financial year 2017. For financial year 2017, therefore, the possible cap would take place in 2021, the year that PPSP 2017 is paid out.

The total of “payments made” for financial year 2018 is calculated from

  • the base salary in 2018,
  • the taxable non-cash benefits and other fringe benefits in 2018,
  • the half of the annual bonus payable in 2019 for 2018 at the value as of the end of the reporting period,
  • the half of the share-based annual bonus paid in 2018 for 2016 (deferral),
  • the value of the long-term share-based remuneration (PPSP 2014) paid in 2018,
  • the dividend equivalent of the current PPSP (2015, 2016, 2017 and 2018) paid in 2018, and
  • the retirement pension expense in 2018 (service costs in 2018).

The caps possible to ensure the total maximum amount shown in the table of benefits granted for reporting year 2018 are implemented with the payout of PPSP 2018, which constitutes the last payment to be made of the components of remuneration granted in financial year 2018. For financial year 2018, therefore, the possible cap would take place in 2022, the year that PPSP 2018 is paid out.

B.61 Payments made

  Dr. Dieter Zetsche
Chairman of the Board of Management,
Head of Mercedes-Benz Cars
Dr. Wolfgang Bernhard
Daimler Trucks & Buses
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Feb. 10 Jan. 1 – Dec. 31
  2017 2018 2017 2018
In thousands of euros        
         
Base salary 2,008 2,048 92
Taxable non-cash benefits and other fringe benefits 167 195 9
Total 2,175 2,243 101
Annual variable remuneration
(50 % of annual bonus, short-term)
1,978 640 90
Deferral (50 % of annual bonus, medium-term) 2,175 1,349 892
Long-term variable remuneration        
Payment of PPSP 2013 6,181 2,472
Payment of PPSP 2014 3,463
Dividend equivalent PPSP 2014 152
Dividend equivalent PPSP 2015 121 138
Dividend equivalent PPSP 2016 133 149
Dividend equivalent PPSP 2017 128 144
Dividend equivalent PPSP 2018 138
Total 10,868 6,021 3,454
Retirement pension expense (service costs) 46
Total remuneration 13,043 8,264 3,601

Payments made

  Martin Daum1
Daimler Trucks & Buses

 
Renata Jungo Brüngger 1
Integrity & Legal Affairs
  March 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 2017 2018
In thousands of euros        
         
Base salary 677 832 812 832
Taxable non-cash benefits and other fringe benefits 235 121 108 93
Total 912 953 920 925
Annual variable remuneration
(50 % of annual bonus, short-term)
667 260 800 260
Deferral (50 % of annual bonus, medium-term) 525
Long-term variable remuneration        
Payment of PPSP 2013 488
Payment of PPSP 2014 510 208
Dividend equivalent PPSP 2014 22 9
Dividend equivalent PPSP 2015 17 20 7 9
Dividend equivalent PPSP 2016 19 22 53 60
Dividend equivalent PPSP 2017 50 56 50 56
Dividend equivalent PPSP 2018 54 54
Total 775 922 1,407 1,172
Retirement pension expense (service costs) 102 244 245 251
Total remuneration 1,789 2,119 2,572 2,348

1 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership.

Payments made

  Ola Källenius 1
Group Research & Mercedes-Benz
Cars Development
Wilfried Porth
HR and Labor Relations Director &
Mercedes-Benz Vans
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 2017 2018
In thousands of euros        
         
Base salary 812 832 812 832
Taxable non-cash benefits and other fringe benefits 95 161 146 88
Total 907 993 958 920
Annual variable remuneration
(50 % of annual bonus, short-term)
800 260 800 260
Deferral (50 % of annual bonus, medium-term) 846 525 846 525
Long-term variable remuneration        
Payment of PPSP 2013 457 2,472
Payment of PPSP 2014 402 1,448
Dividend equivalent PPSP 2014 18 64
Dividend equivalent PPSP 2015 48 55 50 58
Dividend equivalent PPSP 2016 53 60 56 62
Dividend equivalent PPSP 2017 50 56 52 59
Dividend equivalent PPSP 2018 54 57
Total 2,272 1,412 4,340 2,469
Retirement pension expense (service costs) 248 257 282 292
Total remuneration 3,427 2,662 5,580 3,681

1 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership.

Payments made

  Britta Seeger1
Mercedes-Benz Cars
Marketing & Sales
Hubertus Troska
Greater China
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31 Jan. 1 – Dec. 31
  2017 2018 2017 2018
In thousands of euros        
         
Base salary 812 832 812 832
Taxable non-cash benefits and other fringe benefits 366 164 470 494
Total 1,178 996 1,282 1,326
Annual variable remuneration
(50 % of annual bonus, short-term)
800 260 800 260
Deferral (50 % of annual bonus, medium-term) 846 525
Long-term variable remuneration        
Payment of PPSP 2013 123 2,472
Payment of PPSP 2014 56 1,385
Dividend equivalent PPSP 2014 2 61
Dividend equivalent PPSP 2015 2 3 48 55
Dividend equivalent PPSP 2016 5 6 53 60
Dividend equivalent PPSP 2017 50 56 50 56
Dividend equivalent PPSP 2018 54 54
Total 982 435 4,330 2,395
Retirement pension expense (service costs) 122 248 238 244
Total remuneration 2,282 1,679 5,850 3,965

1 Payments from the long-term variable remuneration also include amounts granted before the Board of Management membership.

Payments made

  Bodo Uebber
Finance & Controlling,
Daimler Financial Services
 
  Jan. 1 – Dec. 31 Jan. 1 – Dec. 31    
  2017 2018    
In thousands of euros        
         
Base salary 947 967    
Taxable non-cash benefits and other fringe benefits 107 164    
Total 1,054 1,131    
Annual variable remuneration
(50 % of annual bonus, short-term)
932 302    
Deferral (50 % of annual bonus, medium-term) 1,005 624    
Long-term variable remuneration        
Payment of PPSP 2013 2,956    
Payment of PPSP 2014 1,656    
Dividend equivalent PPSP 2014 73    
Dividend equivalent PPSP 2015 58 66    
Dividend equivalent PPSP 2016 63 71    
Dividend equivalent PPSP 2017 60 67    
Dividend equivalent PPSP 2018 65    
Total 5,147 2,851    
Retirement pension expense (service costs) 690 886    
Total remuneration 6,891 4,868    
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Remuneration of the Supervisory Board
Commitments upon termination of service