Long Term Incentive Plans for Executive Management and Other Key Employees in Pandora - Seite 2

9.1m DKK 18.1m DKK 36.3m

1. Pandora’s Earnings per share (EPS) for Financial Year 2026 will be assessed against objectives based on Pandora’s internal financial projections.
2. Pandora’s Sustainability will be addressed against 2026 objectives based on Pandora’s progress as a sustainability leader. You can read more about the objectives in our  Sustainability Report.

5 YEARS’ PROGRAMME FOR EXECUTIVE MANAGEMENT

The PSUs vest and are awarded as Pandora shares after the end of the performance period – i.e., an initial vesting period of three years.  For Executive Management, after the PSUs vest, the shares awarded are subject to a further two-year holding period before the Executive Management can sell the shares (except for sales for payment of taxes triggered by grants vested under the LTIP).  There are no further performance criteria tied to the two year holding period.  All sales of shares by Executive Management are, in any event, subject to applicable laws and the Company’s internal rules for the trading in Pandora securities.  In addition, Executive Management meet and continue to be subject to a share ownership requirement of one years’ annual base salary.

In accordance with the relevant International Financial Reporting Standards (IFRSs) the accounting expense for the LTIP will be recognised in the income statement over the three-year vesting period.

ABOUT PANDORA
Pandora is the world’s largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at accessible price points. Pandora jewellery is sold in more than 100 countries through 6,700 points of sale, including more than 2,600 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 33,000 people worldwide and crafts its jewellery at three facilities in Thailand. Pandora is committed to leadership in sustainability and is sourcing recycled silver and gold for all of its jewellery, just as the company has set out to halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 28.1 billion (EUR 3.8 billion) in 2023.

Contact

For more information, please contact:

INVESTOR RELATIONS                            Bilal Aziz VP, Investor Relations & Treasury [phone] [e-mail]	CORPORATE COMMUNICATIONS Johan Melchior VP, Media Relations & Public Affairs [phone] [e-mail]
Adam Fuglsang Director, Investor Relations [phone] [e-mail]

Attachment

• Pandora_Company_Announcement_No_855