On the year of Sberbank’s 180th anniversary, the board has decided to launch long-term stock option programs to motivate its most effective employees. In the first cycle of the program, 1,000 key employees – from experts to vice presidents – will receive part of their remuneration in Sber shares. 

Long-term motivation programs for employees that have a key impact on the overall performance will facilitate the implementation of Sber’s ambitious goals outlined in Strategy 2023. 

The programs will be implemented in three-year cycles with annual interim payments, cycles will be launched on an annual basis. Sber’s banking and financial infrastructure will be engaged. 

The launch of the first program cycle will not require the purchase of Sber shares from the market, as existing shares in Sber Group will be used. 

Herman Gref, CEO and chairman of the executive board, Sberbank: 

“The long-term stock incentive program for employees is an effective global practice for talent retention and development. We are glad that this year Sber’s most valuable employees have been given the opportunity to become shareholders and will be able to influence the company’s development in the future”.