Nokia 2012 Annual Report Download - page 152

Aggregate Cash Compensation to the Nokia Leadership Team for 2012(1)
Year
Number of
Members on
December 31,
2012
Base
Salaries
(EUR)
Cash
Incentive
Payments(2)
(EUR)
2012 ....................... 12 6788567 515702
(1) Includes base salary and cash incentives paid or payable by Nokia for the 2012 fiscal year. The
cash incentives are paid as a percentage of annual base salary based on Nokia’s short-term cash
incentives. Includes Jerri DeVard, Colin Giles, Mary T. McDowell and Niklas Savander for the
period until June 30, 2012, Esko Aho until August 31, 2012 and Marko Ahtisaari as from
February 1, 2012, Juha Putkiranta, Timo Toikkanen and Chris Weber as from July 1, 2012.
(2) The amount consists of the annual incentive cash bonus and other bonuses earned and paid or
payable by Nokia. For fiscal year 2012, the annual incentive bonus plan under the Nokia short-
term cash incentive plan did not achieve established criteria; as a result, there was no payout
under that plan. The amount includes the discretionary spot bonus awarded to certain Nokia
Leadership Team members in recognition of their specific contributions toward the progress made
on our strategy as we headed into 2013. The amount does not include any gains realized upon
exercise of stock options, which are described in Item 6E. “Share Ownership.”
Long-Term Equity-Based Incentives Granted in 2012(1)
Nokia Leadership
Team(3)(4) Total
Total number
of participants
Performance Shares at Threshold(2) ....... 1131000 5785875 3560
Stock Options ......................... 2262000 10258400 180
Restricted Shares ...................... 1606000 12999131 3690
(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 24 to our consolidated financial statements included in Item 18 of this annual report.
(2) For performance shares granted under Nokia Performance Share Plans, at maximum
performance, the settlement amounts to four times the number at threshold.
(3) Includes Jerri DeVard, Colin Giles, Mary T. McDowell and Niklas Savander for the period until
June 30, 2012, Esko Aho until August 31, 2012 and Marko Ahtisaari as from February 1, 2012,
Juha Putkiranta, Timo Toikkanen and Chris Weber as from July 1, 2012.
(4) For the Nokia Leadership Team members whose employment terminated during 2012, the Long-
Term Equity-Based Incentives were forfeited following termination of employment in accordance
with plan rules.
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