Nokian Tyres plc – Commencement of a new plan period in the long-term share-based incentive scheme targeted to the company’s key employees

Nokian Tyres plc Stock Exchange Release February 4, 2025, at 1:45 p.m. EET

The Board of Directors of Nokian Tyres plc has approved the commencement of a new plan period in the company’s long-term share-based incentive scheme, Restricted Share Plan ("RSP"). RSP scheme serves as a complementary long-term incentive tool, used selectively for retention of Nokian Tyres key employees.

Nokian Tyres originally announced the establishment of the RSP scheme on February 5, 2019.

RSP 2025–2027

RSP 2025–2027 includes a three-year restriction period, with potential rewards delivered in 2028 in shares of Nokian Tyres.

The aggregate number of shares to be paid based on RSP 2025–2027 is a maximum of 120,000 shares. The number of shares represents gross earnings, from which the applicable payroll tax is withheld, and the remaining net value is paid to the participants in shares.

The payment of the share reward is contingent upon the participant remaining employed by Nokian Tyres until the reward payment date. In addition, a financial threshold has been set for the remuneration of the members of Nokian Tyres' Group Management Team, which must be exceeded to receive potential reward from RSP 2025–2027. The financial indicator is the Segments Return on Capital Employed (ROCE).
 
NOKIAN TYRES PLC

Board of Directors 

Further information: 
Päivi Leskinen, SVP, Human Resources, tel. +358 10 401 7776

[email protected]
[email protected]


Nokian Tyres' 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, trucks and heavy machinery with sustainability at the heart of all our operations. Our Vianor chain provides tire and car services. We are some 3,800 people with net sales of EUR 1.3 billion in 2024, and together we lead the journey to smarter driving for people and for businesses. Nokian Tyres is listed on Nasdaq Helsinki. Further information: company.nokiantyres.com