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Insiders' holdings

Further information on reporting insiders’ holdings is available on the page Transactions of Managers. Until further notice, the transactions will be reported as stock exchange releases.

Nokian Tyres holdings of the President and CEO and controlled corporations, December 31, 2019

  Number of shares
Hille Korhonen, President and CEO 47,279

Responsibility area, year of birth, education and Nokian Tyres holdings of the Group’s management team and controlled corporations, December 31, 2019

 

Year of birth

Education

Number
of shares

Päivi Antola, Corporate Communications & Investor Relations

 1971

Master of Arts, CEFA

1,264

Tytti Bergman, People & Culture

 1969

Master of Science (Economics and
Business Administration)

2,996

Mark Earl, Americas Business Area

 1960

BS in Business Administration,
Computer Science

5,180

Esa Eronen, Supply Chain & Sustainability

 1957

Technology Engineer

19,139

Anna Hyvönen, Nordics Business Area and Vianor Business Unit

 1968

Licentiate of Science
(Technology)

21,715

Teemu Kangas-Kärki, Finance

 1966

Master of Science (Economics and
Business Administration)

7,014

Jukka Kasi, Products & Marketing

 1966

Master of Science (Technology)

4,420

Bahri Kurter, Central Europe Business Area

1966

Master of Arts (Economics)

-

Andrei Pantioukhov, Russia and Asia Business Area

 1972

Master of Business Administration

69,359

Manu Salmi, Nokian Heavy Tyres Business Unit

 1975

Master of Military Sciences,  Master of Science (Economics), MBA

26,601

Timo Tervolin, Strategy & M&A

 1977

Master of Science (Technology), Master of Science (Economics and Business Administration)

6,385

Susanna Tusa, Legal & Compliance

 1972

Master of Laws,
Master of International Business

6,546

Frans Westerlund, IT & Processes

 1966

Master of Science (Economics and
Business Administration)

4,042

 

Table 1. Long-term incentives

 

 

Performance share plan 2019–2020 and 2019–2021 

 

 

Performance period 2019–2020 (target)

 

Performance period 2019–2021 (target)

Performance period 2020–2022 (target)

President and CEO

125%

 

125%

125%

Other management team

50%–130%

 

50%–125%

50%–100%

 

Maximum share award level is defined as % of the annual salary, max is 2 x target.

 

Maximum share award level is defined as % of the annual salary, max is 2 x target.

 

Table 2. Remuneration paid to the Board members in 2019 (cash basis)

 

Position on the Board

Fixed annual fee, €*

Meeting remuneration fees, €

Committee meeting remuneration fees, €

Total
remuneration fees, €

Shares acquired with a fixed annual fee, number of shares

Share holdings of the Board, number of shares

Petteri Walldén

Chairman

90,000

6,600

4,800

101,400

1,457

22,322

Kari Jordan

Deputy Chairman, Chairman of the Personnel and Remuneration Committee

67,500

6,600

4,200

78,300

1,093

2,104

Heikki Allonen

member

45,000

6,600

3,000

54,600

728

2,595

Raimo Lind

Chairman of the Audit Committee

67,500

6,000

3000

76,500

1,093

4,955

Veronica Lindholm

member

45,000

6,600

4,800

56,400

728

2,595

Inka Mero

member

45,000

6,600

3,000

54,600

728

3,988

George Rietbergen

member

45,000

9,600

 

54,600

728

1,932

Pekka Vauramo

member

45,000

6,000

2,400

53,400

728

1,402

Total

 

450,000

 

 

529,800

7,283

41,893

* 50% of the annual remuneration to be paid in cash and 50% in company shares

 

President and CEO and management team

Table 3: Salaries and financial benefits paid to the President and CEO and the company’s other management team members in 2019 (cash basis)

 

 

Annual salary, € (including fringe benefits)

Performance based bonuses, €
(based on year 2018)

Severance
payment, €

Total value of
share-based bonus, €*

Total, €

Share-based bonus paid
in shares, number of shares

President and CEO

693,240

189,948

 

479,799

1,362,987

6,971

Other members of the management team

3,121,389

569,943

183,665

1,706,317

5,397,649**

31,962

* According to the stock exchange price of the assignment date of March 5, 2019 / September 2, 2019 the payment for the performance period of 2018 of the share-based incentive plan
** Excluding Severance payment