The key principles for Konecranes’ Board Remuneration is to (1) be competitive to attract international professionals representing a diverse and relevant mix of skills and experience and (2) to provide fees which account for relevant market practices and the time commitment and responsibilities of the roles. The Annual General Meeting (AGM) decides on the remuneration of the Board of Directors and the Board’s Committees annually.
The remuneration elements for the Board the Directors are an Annual Fee, Meeting and Committee Attendance Fee and travel reimbursements.
As per the AGM 2026 decision, the annual remuneration for the Chair of the Board is EUR 160,000, the annual remuneration for the Board members is EUR 72,000, and the annual remuneration for Vice Chair is EUR 100,000.
In case the term of office of a member of the Board of Directors ends before the closing of the Annual General Meeting in 2027, he or she is entitled to the prorated amount of the annual remuneration calculated on the basis of his or her actual term in office.
The AGM 2026 approved that 40 per cent of the annual remuneration be paid in Konecranes shares to be acquired on behalf of the members of the Board of Directors at a price determined in public trading on Nasdaq Helsinki. The purchase of shares shall be carried out in four equal instalments; each instalment being purchased within the two-week period beginning on the date following each of the Company's interim report announcements and the Company's financial statements bulletin for 2026. The Company will pay the transaction costs and transfer tax in connection with the purchase of remuneration shares. In case the remuneration cannot be paid in shares due to legal or other regulatory restrictions or due to other reasons related to the Company or a member of the Board of Directors, the annual remuneration will be paid fully in cash.
The AGM 2026 approved that members of the Board of Directors are eligible for a meeting fee of EUR 1,000 for each meeting that they attend. For meetings of the committees of the Board of Directors, the Chair of the Audit Committee is paid a meeting fee of EUR 5,000, the Chair of the Human Resources Committee is paid a meeting fee of EUR 3,000, and the other committee members are paid a meeting fee of EUR 1,500 per each attended committee meeting. No meeting fee is paid for decisions that are confirmed in writing without a meeting.
No remuneration will be paid to the employee representative for participation in the Board meetings, in accordance with the agreement on employee representation between Konecranes and its employees.
Travel expenses for all members of the Board of Directors, and the employee representative, will be compensated against receipt.
Total remuneration paid to the Board of Director in 2025:
Due to the payment cycle, Board remuneration from January 1, 2025, until the AGM 2025 was based on the decision made by the AGM 2024. From the AGM 2025 until December 31, 2025, the partial remuneration was based on the AGM 2025 decision.
The Board remuneration presented in the above table is based on payments made in 2025. The Committee meeting fees include fees of 5 HR Committee and 7 Audit Committee meetings. The Board meeting fees include fees of 12 Board meetings.
No remuneration was paid to Sami Piittisjärvi, in accordance with the agreement on employee representation between Konecranes and its employees.