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49 Remuneration

Remuneration of the Supervisory Board

The members of the Supervisory Board received total remuneration of € 1.8 million during the 2021 fiscal year (2020: € 1.8 million) for their work.

Total Remuneration of the Management Board

The total remuneration paid to the members of the Management Board comprises the following:

Total Remuneration of the Management Board

Total remuneration of the Management Board in €

Total remuneration

2020

2021

Fixed remuneration and short-term variable remuneration

6,800,995

7,186,465

Total long-term variable share-based remuneration

5,412,866

4,828,565

of which

2020–2023

5,412,866

2021–2024

4,828,565

(number of shares)

97,115

88,524

Total remuneration

12,213,861

12,015,030

The remuneration paid to the Management Board members includes the remuneration for all mandates at Vonovia Group companies, subsidiaries and participating interests.

Remuneration of Former Management Board Members and Their Surviving Dependents

Total remuneration of former Management Board members and their surviving dependents amounts to € 0.9 million for the 2021 fiscal year (2020: € 1.7 million). In accordance with the provisions of the termination agreement with Klaus Freiberg, this remuneration includes compensation payable following termination of his contract of employment on December 31, 2019 amounting to € 0.6 million.

The defined benefit obligation (DBO) to former members of the Management Board and their surviving dependents amounts to € 20.5 million (2020: € 22.1 million).