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Other Group Executive Management members

Our remuneration principles aim to attract and retain the best talent, motivate key people and align the goals of the company's shareholders and executives to enhance the value of the company.

 

Group Executive Management (excluding the President and CEO)

 

Salary and benefits

Total in 2021: EUR 3 938 100

Short-term incentives 

The purpose is to reward the Group Executive Management for company performance and individual performance.

Members are entitled to an annual bonus equaling to 50% of annual base salary upon achievement of targets, with a maximum bonus opportunity corresponding to 100% of the annual base salary.

In addition to individual performance, reward factors include company-related performance criteria, such as revenue growth, profit and operational targets.

Based on financial performance in 2021, Group Executive Management members are paid in total a bonus of EUR 1 224 573.

Long-term incentives 

Participants in share-based incentive plan 2020–2022 and 2021-2023, established for Tietoevry and the interim Restricted Share Plan 2018, established for former EVRY.

Share rewards will be based on the relative Total Shareholder Return (TSR), strategic target related to Tietoevry growth and Earnings per Share (EPS). Further details on share reward criteria available on this page.

In March 2022, a total of 22 201 shares (net amount) were delivered to Group Executive Management members related to share-based incentive plan 2019–2021 and partial vesting of the EVRY interim long-term incentive plan 2018.

Share ownership guideline

The recommended minimum investment in company shares corresponds to the executive's one time annual gross base salary.

Pension expenditure

All Group Executive Management members based in Finland with no pension plans implemented earlier: annual fee equals to 15% of annual base salary (defined contribution plan (1). The company provides members based outside Finland individual defined contribution-based pension plans accordant with local practices.

Expenditure for voluntary pension amounted EUR 354 100 in 2021.

Updated information on the shares and options held by Group Executive Management members is available under insider holdings.

1) Payments to defined contribution plans are recognized as expenses for the period to which they relate. After payment of the contribution the Group has no further obligations in respect of such plans.

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