BMW AGM 2022
TARGET AND ACTUAL REMUNERATION FOR VESTING YEAR 2021.1
Chairman
of the board²
Target remuneration
Fixed remuneration
in €
1,950,000
in %
30
Chairman
of the board²
Actual remuneration
in € in %
1,950,000 24
Fixed
remuneration Fringe benefits
Total
Bonus
50,000
2,000,000 31
1
19,355 0.2
1,969,355
24
Board member
1st period of office³
Target remuneration
in € in %
900,000 30
50,000 2
950,000 32
Board member
1st period of office³
Actual remuneration
in € in %
900,000 24
50,000 1
950,000 25
Board member
Board member
2nd period of office 4
Target remuneration
in € in %
1,050,000 30
2nd period of office"
Actual remuneration
in €
1,050,000
in %
23
50,000
1,100,000 31
1
50,000
1,100,000
1
24
Earnings component
1,050,000 16
1,890,000 23
Performance component
1,050,000 16
1,113,000 14
475,000 16
475,000 16
855,000 22
503,500 13
575,000 16
575,000 16
1,035,000 23
609,500 14
Variable
SbR (personal cash investment amount)
remuneration
ROCE component
1,175,000 18
2,115,000 26
550,000 18
Strategic focus target component
1,175,000 18
Total
4,450,000 69
Target total remuneration6/
Remuneration vesting year 20217
6,450,000 100
1,089,813 13 550,000 18
6,207,813 76 2,050,000 68
8,177,168 100 3,000,000 100
990,000 26
510,125 13
2,858,625 75
3,808,625 100 3,530,000 100
640,000 18
640,000 18
2.430,000 69
1,152,000 26
593,600 13
3,390,100 76
4,490,100 100
Contribution to the company pension
scheme / Service cost³
700,000
702,274
400,000
400,000
400,000
400,000
1 Simplified presentation. The target remuneration is set out on p. 277 et seqq. and the actual remuneration on p. 295 et seqq. of the BMW Group Report 2021.
Due to rounding, it is possible that the percentages presented here may not be an exact reflection of the absolute values to which they relate.
2 Oliver Zipse.
3 Ilka Horstmeier, Milan Nedeljković, Frank Weber.
4 Start of fourth year of mandate. Pieter Nota, Nicolas Peter, Andreas Wendt (since Oct. 1st 2021).
5 Exemplary value (with exception of the actual remuneration for Oliver Zipse).
6 Excluding a contribution to the company pension scheme. Contributions to the pension scheme do not qualify as remuneration within the meaning of § 162 AktG, subsequent pension payments qualify as such.
7 The calculation of the total remuneration in the remuneration report in some cases includes, in accordance with § 162 AktG, variable remuneration components granted for earlier vesting years (performance cash plan 2019-2021, matching component 2016).
8 Exemplary value (with exception of the actual remuneration for Oliver Zipse). The service cost are not part of the remuneration according to § 162 AktG. They reflect the expense recognized by BMW and are not paid out to the board members.
BMW - Annual General Meeting 2022 - Investor presentation | April 2022
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