Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 57

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 57
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 concrete annual objectives, which are quantitative and qualitative,        
 specific, predetermined and measurable in line with standard practices        
 of comparable companies. These objectives are consistent with Grifols’        
 strategy, interests and long-term sustainability.                             
 Annual objectives for both the Chairman and CEO are tied to financial and     
 non-financial metrics and parameters approved by the Board of Directors       
 upon the proposal of the Appointments and Remuneration Committee. In          
 the 2024 fiscal year, these include:                                          
 ● Economic metric related to certain annual targets linked to the             
 Company’s Group performance as a whole, including EBITDA, FCF and             
 other indicators, with a weight of 40% for the 2024 fiscal year.              
 ● Metric related to the reduction of debt levels, with a weight of 25%.       
 ● Metric related to the achievement of environmental, social and corporate    
 governance (ESG) targets, with a weight of 10%. In particular, the weight     
 of the metrics related to environment will be 25%, that related to social     
 is 40% and to governance is 35%.                                              
 ● Metric related to the achievement by the Company of milestones linked       
 to innovation projects with a weight of 10%.                                  
 ● Other operational metrics or metrics related to the business with a         
 maximum combined weighting of 15%.                                            
 For the 2025 fiscal year, CEO’s annual objectives will be tied to financial   
 and non-financial metrics and parameters, and approved by the Board           
 of Directors upon the proposal of the Appointments and Remuneration           
 Committee.                                                                    
 These will include financial, operational and business-related goals, as      
 well as innovation-related criteria, in order to link their compensation with 
 Grifols’ financial performance, business progress and innovation pipeline.    
 Non-financial objectives (ESG-related metrics) will also be considered, with  
 specific objectives aligned with Grifols’ sustainability strategy and 2030    
 Agenda.                                                                       
 ESG CRITERIA IN LONG-TERM COMPENSATION                                        
 Variable compensation for Grifols employees, including members                
 of its governance bodies, is based on financial and non-financial             
 metrics. Among other factors, it includes a specific metric tied to the       
 achievement of environmental, social and corporate governance (ESG)           
 objectives.                                                                   
 Of Grifols’ total corporate objectives, 10% are linked to ESG factors,        
 with 25% focused on environmental, 40% on social and 35% on                   
 governance criteria.