Nokian Tyres plc Stock Exchange Release April 22, 2026, at 1:10 p.m. EEST
The Board of Directors of Nokian Tyres plc has decided on the establishment of
new long-term share-based incentive plan, Performance Share Plan (PSP). PSP is
used for the company's management and selected key employees.
The share-based long-term incentive plans are designed to align the interests of
Nokian Tyres' management and key personnel with those of shareholders, promote
shareholder value creation, and foster strong commitment to the company's
strategic objectives.
Performance Share Plan 2026-2030
Performance Share Plan 2026-2030 consists of three plan periods, each with a
three-year performance period, followed by payment of potential share rewards.
The commencement of each new plan period is decided separately by the Board of
Directors. Share rewards will be paid in Nokian Tyres shares.
PSP 2026-2028
The first plan period is PSP 2026-2028. The performance targets comprise
relative total shareholder return (50% weight), average return on capital
employed (ROCE%), (40% weight), and reduction of Scope 1 and 2 CO2 emissions
intensity (CO2e kg / FG ton), (10% weight). Subject to achieving the performance
targets, the share rewards will be delivered by end April 2029.
The aggregate maximum number of shares to be paid based on PSP 2026-2028 is
1,258,000 shares. The number of shares represents the gross value of the
rewards, from which the applicable taxes will be deducted before the delivery of
shares to the participants.
The number of participants included in PSP 2026-2028 is approximately 100,
including the President and CEO and the members of the Group Management Team.
Other terms
If a participant's employment or executive contract terminates before the reward
is paid, the reward will not, as a main rule, be paid.
The President and CEO, along with members of the Group Management Team, must
retain 25% of the shares they receive as a reward until their total personal
shareholding in the company equals their gross salary from the calendar year
before the reward was paid.
The Board of Directors anticipates that no new shares will be issued based on
the share-based incentive plan and that the plan will, therefore, have no
dilutive effect on the registered number of the Company's shares.
NOKIAN TYRES PLC
Board of Directors
Further information:
Päivi Leskinen, SVP, Human Resources, tel. +358 10 401 7776
ir@nokiantyres.com
media@nokiantyres.com
NokianTyres'purpose is to make the world safer by reinventing tires, and how
they are made, over and over again - a safer place to drive, work and live now
and for generations to come. Inspired by our northern heritage, we develop and
manufacture premium tires for passenger cars,trucksand heavy machinery with
sustainability at the heart of all our operations. OurVianorchain provides tire
and car services. We are some 4,000 people with net sales of EUR 1.4 billion in
2025, and together we lead the journey to smarter driving for people and for
businesses.NokianTyresis listed on Nasdaq Helsinki.
Further
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