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.
According to the AGM 2025 decision, the annual remuneration for the Chair of the Board was increased from EUR 150,000 to EUR 160,000. Similarly, the annual remuneration for the Board members was increased from EUR 70,000 to EUR 72,000. The annual remuneration for Vice Chair was EUR 100,000. As per the AGM 2025 decision, 40 percent of the annual remuneration was paid in Konecranes shares acquired on behalf of the Board members at a price determined in public trading on Nasdaq Helsinki, and the purchase of shares was carried out in four equal installments; each installment purchased within a two-week period following the publishing of Konecranes’ interim reports and the financial statement release. The Company paid transaction costs and a transfer tax in connection with the purchase of remuneration shares.
In addition to the Annual Fees, as per the AGM 2025 decision, the Board members were eligible for a meeting fee of EUR 1,000 for each meeting they attend. For meetings of the Board committees, the Audit Committee Chair is entitled to a compensation of EUR 5,000, the Human Resources Committee Chair is entitled to a compensation of EUR 3,000 and the other Board members are entitled to a compensation 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 Board members employed by the Company, in accordance with the agreement on employee representation between Konecranes and its employees.
Travel expenses for all Board members, including the employee Board member, 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.