395 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information II. Remuneration of the Members of the Board of Management 5. Share ownership guideline The members of the Board of Management in office as at 31 De- cember 2024 hold a total of 164,474 shares of BMW common stock which they are required to hold in accordance with the terms of the share-based remuneration programmes for the fi- nancial years 2020–2023. The four-year holding period re- mains in effect even if the member leaves the Board of Manage- ment. The share-based remuneration (personal cash investment amount) for vesting year 2023 was disbursed after the Annual General Meeting in 2024. The aforementioned members of the Board of Management acquired a total of 60,157 shares of BMW common stock immediately thereafter which must be held until 2028. The share-based remuneration (personal cash in- vestment amount) for vesting year 2024 will be paid as part of the next payroll run after the Annual General Meeting in 2025. The shares of BMW common stock will be acquired immediately thereafter and must be held until 2029. The value of the shares of common stock in BMW held by the members of the Board of Management in office as at 31 Decem- ber 2024 came to 227% for the Chairman of the Board of Man- agement and up to 225% for the other members of the Board of Management of the respective base salary for the 2024 financial year 3,4. Pursuant to Article 19 of the Market Abuse Regulation (EU) No. 569/2014 (Managers’ transactions), any purchase or sale of shares in BMW AG and related financial instruments by mem- bers of the Board of Management must be reported, even after the minimum holding period has expired. No member of the Board of Management reported a sale of BMW AG shares or re- lated financial instruments in the 2024 financial year. Shares of BMW common stock subject to holding requirements in connection with share-based remuneration for financial years 2020–20231 Share portfolio with holding period as at 1 January 2024 Additions in the financial year 2024² End of the holding period in the financial year 2024 Share portfolio with holding period as at 31 December 2024 Value in € as at 31 December 2024³ Relation value in €/ base salary 2024 in %⁴ Oliver Zipse 45,868 16,890 6,696 56,062 4,427,777 227% Jochen Goller – 1,414 – 1,414 111,678 12% Ilka Horstmeier 20,682 9,876 782 29,776 2,351,708 224% Walter Mertl – 5,013 – 5,013 395,927 44% Milan Nedeljković 21,172 9,876 1,174 29,874 2,359,449 225% Joachim Post 6,686 7,906 – 14,592 1,152,476 128% Frank Weber 18,561 9,182 – 27,743 2,191,142 209% Total 112,969 60,157 8,652 164,474 12,990,157 1 Includes only shares of BMW common stock acquired using the share-based remuneration programme for members of the Board of Management, for which the four-year holding period has not yet expired. 2 Payment of the 2023 personal cash investment amount in May 2024 with subsequent acquisition of reported shares of BMW common stock (purchase date: 31 May 2024; purchase price: € 92.74). 3 Last trading day of 2024: 30 December 2024. XETRA closing price on 30 December 2024: € 78.98. 4 Value of share portfolio as at 31 December 2024 in relation to base salary paid in 2024. For more information about the base salary, please refer to ↗ Remuneration granted and owed to members of the Board of Management pursuant to § 162 of the German Stock Corporation Act (AktG).
