Nokia 2012 Annual Report Download - page 268

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At December 31, 2012, the Group has an outstanding financial guarantee of EUR 11 million for an
associated company of the Group.
Management compensation
The following table sets forth the salary and cash incentive information awarded and paid or payable
by the company to the President and CEO of Nokia Corporation for fiscal years 2010-2012 as well as
the share-based compensation expense relating to equity-based awards, expensed by the company.
2012 2011 2010
Base
salary
Cash
incentive
payments
Share-based
compensation
expense
Base
salary
Cash
incentive
payments
Share-based
compensation
expense
Base
salary
Cash
incentive
payments
Share-based
compensation
expense
EUR EUR EUR EUR EUR EUR EUR EUR EUR
Stephen Elop,
President and
CEO from
September 21,
2010 ........1079500 0 1597496 1020000 473070 2086351 280303 440137 67018
Total remuneration of the Nokia Leadership Team awarded for the fiscal years 2010-2012 was
EUR 7 304 269 in 2012 (EUR 8 396 423 in 2011 and EUR 9 009 253 in 2010), which consisted of base
salaries and cash incentive payments. Total share-based compensation expense relating to
equity-based awards expensed by the company was EUR 318 110 in 2012 (EUR 4 513 671 in 2011
and EUR 3 186 223 in 2010). For the Nokia Leadership Team members whose employment
terminated during 2012, the equity-based incentives were forfeited following the termination of
employment in accordance with plan rules.
Board of Directors
The following table depicts the annual remuneration structure paid to the members of our Board of
Directors, as resolved by the Annual General Meetings in the respective years.
2012
Gross
Annual
Fee(1)
2012
Shares
Received
2011
Gross
Annual
Fee(1)
2011
Shares
Received
2010
Gross
Annual
Fee(1)
2010
Shares
Received
EUR EUR EUR
Board of Directors
Risto Siilasmaa,
Chairman as from May 3, 2012(2) ..... 440000 70575 155000 10428 155000 7294
Jorma Ollila,
Chairman until May 3, 2012(3) ....... — — 440000 29604 440000 20710
Dame Marjorie Scardino,
Vice Chairman(4) ................ 150000 24062 150000 10092 150000 7058
Bruce Brown ..................... 130000 20850
Stephen Elop(5) ................... — — — — — —
Lalita D. Gupte(6) .................. — — — — 140000 6588
Bengt Holmström ................. — — 130000 8746 130000 6117
Henning Kagermann(7) ............. 155000 24860 155000 10428 130000 6117
Olli-Pekka Kallasvuo(8) ............. — — — — 130000 6117
Per Karlsson(9) .................... — — 130000 8746 155000 7294
Jouko Karvinen(10) ................. 155000 24860 140000 9419 — —
Helge Lund ...................... 130000 20850 130000 8746 — —
Isabel Marey-Semper(11) ............ 140000 22454 140000 9419 140000 6588
Mårten Mickos .................... 130000 20850 — — — —
Elizabeth Nelson(12) ................ 140000 22454 — — — —
Kari Stadigh ...................... 130000 20850 130000 8746 — —
Keijo Suila ....................... — — — — 130000 6117
F-67