Nokia 2013 Annual Report Download - page 72

NOKIA IN 2013
70
2013 2012 2011
Gross Shares Gross Shares Gross Shares
annual fee 1 received annual fee 1 received annual fee 1 received
Board of Directors EUR EUR EUR
Risto Siilasmaa
Chairman as from May3, 2012 2 440000 77217 440000 70575 155000 10428
Jorma Ollila
Chairman until May3, 2012 3 — — — — 440 000 29 604
Dame Marjorie Scardino
Vice Chairman until May7, 2013 4 — — 150 000 24 062 150 000 10 092
Jouko Karvinen
Vice Chairman from May7, 2013 5 175 000 14 374 155 000 24 860 140 000 9 419
Bruce Brown 130 000 10 678 130 000 20 850 — —
Elisabeth Doherty 6 140 000 11 499 — — — —
Stephen Elop 7 — — — — — —
Bengt Holmström — — — — 130 000 8 746
Henning Kagermann 8 155 000 12 731 155 000 24 860 155 000 10 428
Per Karlsson — — — — 130 000 8 746
Helge Lund 130 000 10 678 130 000 20 850 130 000 8 746
Isabel Marey-Semper 9 — — 140 000 22 454 140 000 9 419
Mårten Mickos 130 000 10 678 130 000 20 850 — —
Elizabeth Nelson 10 140 000 11 499 140 000 22 454 — —
Kari Stadigh 130 000 10 678 130 000 20 850 130 000 8 746
Total remuneration of the Nokia Leadership Team awarded
for the fi scal years  –  was EUR    in 
(EUR    in  and EUR    in ), which consist-
ed of base salaries and cash incentive payments. Total share-
based compensation expense relating to equity-based awards
expensed by the Group was EUR    in  (EUR   
in  and EUR    in ). The members of the Nokia
 Approximately % of each Board member’s gross annual fee is paid in
Nokia shares and the remaining approximately % of the gross annual
fee is paid in cash. Further, it is Nokia policy that the directors retain all
company stock received as director compensation until the end of their
board membership, subject to the need to finance any costs relating to
the acquisition of the shares, including taxes.
 The  and  fees paid to Risto Siilasmaa amounted to an annual
total of EUR   for services as Chairman of the Board. The  fee
paid to Risto Siilasmaa amounted to an annual total of EUR  , con-
sisting of a fee of EUR   for services as a member of the Board and
EUR   for services as Chairman of the Audit Committee. Siilasmaa
was also paid a fee acting as interim CEO as of September , . Fee for
his duties as interim CEO is presented under Management compensation.
 The  fee paid to Jorma Ollila amounted to an annual total of
EUR indicated for his services as Chairman of the Board.
 The  and  fees paid to Dame Marjorie Scardino amounted to an
annual total of EUR   each year indicated for services as Vice Chair-
man of the Board.
 The  fee paid to Jouko Karvinen amounted to an annual total of EUR
 , consisting of a fee of EUR   for services as a Vice Chairman
of the Board and EUR   for service as Chairman of the Audit Commit-
tee. The  fee paid to Jouko Karvinen amounted to an annual total of
EUR  , consisting of a fee of EUR   for services as a member
of the Board and EUR   for service as Chairman of the Audit Com-
mittee. The  fee paid to Jouko Karvinen amounted to an annual total
of EUR  , consisting of a fee of   for services as a member of
the Board and EUR   for services as a member of the Audit Commit-
tee.
 The  fee paid to Elizabeth Doherty amounted to total of EUR  
consisting of a fee of EUR   for services as a member of the Board
and EUR   for services as a member of the Audit Committee.
Base Cash Share-based
salary/ incentive compensation Pension
EUR Year fee 1 payments 1 expense expenses
Risto Siilasmaa Interim CEO
as of September3, 2013 2 2013 500 000 — — —
Timo Ihamuotila Interim President
as of September3, 2013 3 2013 150 000 — 12 107 42 500
Stephen Elop, President and CEO
until September3, 2013 2013 753911 769217 2903226 263 730
2012 1079500 — 1597496 247303
2011 1020000 473070 2086351 280732
 Base salaries are prorated for the time in role, incentive payments repre-
sent full year incentive payment earned under Nokia short term incentive
programs. For interim roles the base salaries or fees for the role related
responsibilities, only.
 As compensation for his additional responsibilities as interim CEO, Risto
Siilasmaa received EUR  , % was delivered to him in shares
bought on the open market. The remaining % was paid in cash, most of
which was used to cover the estimated associated taxes.
Leadership Team participate in the local retirement programs
applicable to employees in the country where they reside.
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.
 In recognition of additional responsibilities, Timo Ihamuotila will receive
EUR  , out of which EUR   was paid in . In addition, Timo
Ihamuotila received an equity grant with an approximate aggregate grant
date value of EUR   in the form of Nokia stock options and Nokia re-
stricted shares. These grants are subject to Nokia’s Equity plans standard
terms and conditions and vesting schedules.