Nokia 2011 Annual Report Download - page 163

Note 24 to our consolidated financial statements included in Item 18 of this annual report.
(2) Includes also the threshold number of shares under the one-time special CEO incentive program.
(3) For performance shares granted under Nokia Performance Share Plans, at maximum
performance, the settlement amounts to four times the number at threshold. For the one-time
special CEO incentive program, at maximum performance, the settlement amounts to three times
the number at threshold.
(4) Includes Alberto Torres for the period until February 10, 2011, Richard Green until September 21,
2011, Tero Ojanperä until September 30, 2011 and Colin Giles, Jo Harlow and Louise Pentland as
from February 11, 2011, Michael Halbherr as from July 1, 2011 and Henry Tirri as from
September 22, 2011.
(5) For the Nokia Leadership Team members whose employment terminated during 2011, the Long-
Term Equity-Based Incentives were forfeited following termination of employment in accordance
with plan rules.
Summary Compensation Table 2011
Name and Principal
Position(1) Year
Salary
EUR
Bonus(2)
EUR
Stock
Awards(3)
EUR
Option
Awards(3)
EUR
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings(5)
EUR
All Other
Compensation
EUR Total
Stephen Elop,
President and CEO ........ 2011
2010
1 020 000
280 303
473 070
440 137
3 752 396(4)
1 682 607
539 443
800 132
73 956
340 471
2 085 948(6)
3 115 276
7 944 813
6 658 926
Timo Ihamuotila,
EVP, Chief Financial
Officer ................... 2011 550 000 173 924 479 493 185 448 150 311 8 743(7) 1 547 919
2010
2009
423 524
396 825
245 634
234 286
1 341 568
752 856
166 328
135 834
31 933
15 575
8 893
21 195
2 217 880
1 556 571
Mary T. McDowell,
EVP, Mobile Phones(8) ..... 2011 559 177 202 294 479 493 185 448 249 517(9)(10) 1 675 929
2010 559 637 314 782 1 233 368 142 567 71 386 2 321 740
2009 508 338 349 911 800 873 152 283 33 726 1 845 131
Jerri DeVard,
EVP, Chief Marketing
Officer(8) ................. 2011 402 489 98 069 609 789 131 503 284 867(9)(11) 1 526 717
Niklas Savander,
EVP, Markets ............. 2011 550 000 134 809 479 493 185 448 103 173 21 905(12) 1 474 828
2010 441 943 247 086 1 233 368 142 567 23 634 2 088 598
Tero Ojanperä,
EVP, Services and
Developer Experience, until
September 30, 2011 ....... 2011 341 222 45 339 212 480(15) 30 329(15) 55 550 1 085 713(13) 1 770 634
Richard Green,
EVP, Chief Technology
Officer, February 11 –
September 21, 2011 ....... 2011 303 472 69 628 320 942(15) 45 494(15) 684 368(9)(14) 1 423 904
(1) The positions set forth in this table are the current positions of the named executives.
Mr. Ojanperä served as Executive Vice President, Services and Developer Experience until
September 30, 2011 and Mr. Green served as Executive Vice President and Chief Technology
Officer from February 11, 2011 until September 21, 2011.
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