Compensation of Managing Board members

The current compensation system for the members of the Managing Board of Siemens AG has been in place since fiscal 2024 and was regularly submitted to the Annual Shareholders’ Meeting on February 8, 2024. It was endorsed by a majority of 86.44%.

The compensation system promotes the achievement of Siemens’ strategic goals by providing incentives for increasing growth, profit and capital efficiency.

Here you will find an overview of the key components and the design of the remuneration system for the members of the Managing Board, as well as its application in fiscal year 2026 with regard to target remuneration, short‑term variable remuneration, and long‑term variable remuneration.

A full description of the system is available in the Notice of Annual Shareholders’ Meeting 2024 under Agenda Item 6 “To resolve on the approval of the compensation system for the members of the Managing Board.“

The previous compensation system for the members of the Managing Board of Siemens AG was in effect for the fiscal 2020 to 2023 and was endorsed by the Annual Shareholders' Meeting on February 5, 2020 by a majority of 94.51%. A full description of the system is available in the Notice of Annual Shareholders’ Meeting 2020 under Agenda Item 6 “To resolve on the approval of the system of compensation for the members of the Managing Board.”