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Directors and Auditors compensation

Compensation to non-executive directors and statutory auditors 


The remuneration of non-executive directors and members of the Board of Statutory Auditors of UniCredit:

  • is represented only by a fixed component
  • determined on the basis of the importance of the position and the time required for the performance of the tasks assigned.


The compensation paid to non-Executive Directors and Statutory Auditors is not linked to the economic results achieved by the Group and they do not take part in any incentive plans based on stock options or, generally, based on financial instruments.


Chief Executive Officer compensation



The Chief Executive Officer is the only executive director on the Board and an employee of the company.

Fixed compensation


With reference to 2019, the Chief Executive Officer received a total fixed remuneration of € 1.2 million, including director's remuneration.


Variable compensation


For the entire time horizon of the Transform 19 Strategic Plan, the variable pay of the CEO was entirely based on the 2017-2019 Long Term Incentive Plan, tied to the Strategic Plan targets.


As approved by February 5, 2020 Board of Directors, the 2017-2019 Long Term Incentive Plan reached a final outcome of 93.3% of the maximum LTI opportunity based on the Scorecard results (RoAC: 9.8%; Cost/Income: 52.8%; Net NPE: 9.8 billion).


Therefore, for the CEO, the variable remuneration amounts to 486,391 shares to be awarded according to the cliff vesting scheme and subject to malus and claw-back conditions, as legally enforceable.

Compensation paid for the year 2019


The Annex 1 to 2020 Group Remuneration Policy and Report contains the compensation paid to members of the administrative and auditing bodies.



Updated on 24 August 2020.