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 May 6, 2025, at 5:25 p.m. EEST

The Board of Directors of Nokian Tyres plc has approved the commencement of a new plan period in the company’s long-term Performance Share Plan ("PSP"). PSP is a long-term incentive tool, used selectively for retention of Nokian Tyres key employees.

The Performance Share Plan 2023–2027 consists of three plan periods. The Board of Directors decide annually on the commencement and details of the plan periods. 

Nokian Tyres initially announced the establishment of the PSP scheme 2023–2027 on February 7, 2023.

PSP 2025–2026

PSP 2025–2026 includes a two-year performance period, and one year restriction period (2027). The performance targets are average earnings per share (EPS), average return on capital employed (ROCE%) and reduction of scope 1+2 CO2 emission intensity. Subject to achieving the performance targets, share rewards will be delivered in spring 2028.

The aggregate maximum number of shares to be paid based on PSP 2025–2026 is 1,657,000 shares. The reward will be paid in Nokian Tyres plc 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. If the participant's employment or executive contract ends before the reward is paid, the reward is generally not be paid.

President and CEO as well the Management Team members are required to hold at least 25% of the shares received as rewards from the long-term incentive programs.

Number of participants included in PSP 2025–2026 is 85.

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, www.nokiantyres.com.