Application and date of application of the remuneration system
The remuneration system presented to and approved by the 2025 Shareholders’ Meeting was implemented by the Supervisory Board with retrospective effect from January 1, 2025. All current members of the Board of Management have service contracts based on the remuneration system adopted in 2025. Due to Claudia Nemat’s resignation effective September 30, 2025, no further amendments were made to her service contract. Consequently, any remuneration claims by Claudia Nemat are based on the remuneration system that was submitted to a vote at the 2022 Shareholders’ Meeting. The same applies to Srinivasan Gopalan, who left Deutsche Telekom AG before the current remuneration system was approved.
It should be noted that the details provided below on the remuneration system and the figures for Board of Management remuneration for 2025 and the subsequent years still include payments that result from the previous remuneration system. These particularly concern multi-year variable remuneration components that will continue unchanged until the end of their term and be paid out. In this remuneration report, remuneration components from the former system are indicated if included in the figures.
In the remuneration details provided in accordance with § 162 AktG, the information on the Long-Term Incentive (LTI) and Share Matching Plan (SMP) still pertains to the features of the 2022 Board of Management remuneration system because payments from the LTI under the 2025 remuneration system will be reported for the first time in the 2029 remuneration report and transfers from the SMP will be reported for the first time in the 2030 remuneration report. However, the changes to the Short-Term Incentive (STI) in the 2025 remuneration system are already presented in this remuneration report because the STI for the incumbent members of the Board of Management was calculated for the first time in the 2025 financial year in accordance with the provisions of the 2025 remuneration system.
In the 2025 financial year, there was no deviation from the components of the remuneration system that were included in the approval of the remuneration system at the 2022 or 2025 Shareholders’ Meeting.