Nokia 2009 Annual Report Download - page 130

The following tables summarize the aggregate cash compensation paid and the longterm equity
based incentives granted to the members of the Group Executive Board under our equity plans in
2009.
Gains realized upon exercise of stock options and sharebased incentive grants vested for the
members of the Group Executive Board during 2009 are included in Item 6E. “Share Ownership.”
Aggregate Cash Compensation to the Group Executive Board for 2009
(1)
Year
Number of
Members on
December 31,
2009 Base Salaries
Cash
Incentive
Payments
(2)
EUR EUR
2009 ............................................. 11 6107162 4614593
(1)
Includes base salary and cash incentives paid or payable by Nokia for the 2009 fiscal year. The
cash incentives are paid as a percentage of annual base salary based on Nokia’s shortterm cash
incentives. Includes Robert Andersson and Simon BeresfordWylie for the period until
September 30, 2009 and Alberto Torres as from October 1, 2009.
(2)
Excluding any gains realized upon exercise of stock options, which are described in Item 6E.
“Share Ownership.”
LongTerm EquityBased Incentives Granted in 2009
(1)
Group Executive Board
(3)
Total
Total number
of participants
Performance Shares at Threshold
(2)
............ 345000 2960110 5800
Stock Options ............................. 690000 4791232 3700
Restricted Shares .......................... 558000 4288600 500
(1)
The equitybased incentive grants are generally forfeited if the employment relationship
terminates with Nokia prior to vesting. The settlement is conditional upon performance and/or
service conditions, as determined in the relevant plan rules. For a description of our equity plans,
see Note 23 to our consolidated financial statements included in Item 18 of this annual report.
(2)
At maximum performance, the settlement amounts to four times the number at threshold.
(3)
Includes Robert Andersson for the period until September 30, 2009 and Alberto Torres as from
October 1, 2009.
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