BMW Annual General Meeting 2023
TARGET AND ACTUAL REMUNERATION FOR VESTING YEAR 2022.1
Chairman
of the board²
Chairman
of the board²
Board member
Board member
Board member
Board member
1st period of office³ 1st period of office³ 2nd period of office" 2nd period of office"
Target remuneration Actual remuneration Target remuneration Actual remuneration Target remuneration Actual remuneration
Fixed
remuneration
Fixed remuneration
Fringe benefits
Total
in €
1,950,000
50,000
2,000,000 31
in %
in €
in %
30
1,950,000
25
1
17,249
1,967,249 25
0.2
in € in %
900,000 30
50,000 2
950,000 32
in € in %
900,000 24
50,000 1
950,000 26
in €
1,050,000
in %
30
in €
1,050,000
in %
24
50,000 1
1,100,000 31
50,000 1
1,100,000 25
Bonus
Earnings component
1,050,000 16
1,890,000 24
475,000 16
Performance component
1,050,000 16
1,039,500 13
475,000 16
855,000 23
465,500 13
575,000 16
575,000 16
1,035,000 24
563,500 13
Variable SbR (personal cash investment
remuneration amount)
RoCE component
1,175,000 18
1,656,750 21
550,000 18
775,500 21
640,000 18
902,400 21
Strategic focus target component
1,175,000 18
1,363,000 17
Total
4,450,000 69
Target total remuneration6/
Remuneration vesting year 2022
6,450,000 100
5,949,250 75
7,916,499
(8,177,168)
550,000 18
2,050,000 68
638,000 17
640,000 18
742,400 17
100
3,000,000 100
2,734,000 74
3,684,000
(3,808,625)
2.430,000 69
3,243,500 75
100
3,530,000 100
4,343,300
(4,490,100)
100
(2021)
Contribution to the company pension
700,000
712,729
scheme / Service cost
400,000
1 Simplified presentation. The target remuneration is set out on p. 267 et seqq. and the actual remuneration on p. 286 et seqq. of the BMW Group Report 2022. 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 Joachim Post, Frank Weber.
400,000
400,000
400,000
4 Or as of fourth year of mandate. Pieter Nota, Nicolas Peter, Ilka Horstmeier (since 1st Nov. 2022), Milan Nedeljković (since 1st October 2022).
5 Exemplary value of fringe benefits and of a performance factor for the bonus of 0.98 (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 section 162 AktG, subsequent pension payments qualify as such.
7 The calculation of the total remuneration in the remuneration report 2022 in some cases includes, in accordance with section 162 AktG, variable remuneration components granted for earlier vesting years (performance cash plan 2020-2022, matching component 2017).
8 Exemplary value (with exception of the actual remuneration for Oliver Zipse). The service cost are not part of the remuneration according to section 162 AktG. They reflect the expense recognized by BMW and are not paid out to the board members.
BMW - Annual General Meeting 2023 - Investor presentation - March 2023
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