Active share-based payment plans by instrument
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Performance shares outstanding at target |
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Restricted shares outstanding |
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Number of |
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Weighted average grant |
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Number of |
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Weighted average grant |
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performance |
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date fair value |
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restricted |
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date fair value |
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shares at target |
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EUR(1) |
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shares outstanding |
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EUR(1) |
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As of January 1, 2015 |
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17 234 066 |
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7 595 405 |
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Granted |
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13 553 992 |
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5.78 |
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342 200 |
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6.22 |
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Forfeited |
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(7 859 208) |
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(3 880 221) |
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Vested |
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– |
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(1 952 910) |
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As of December 31, 2015 |
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22 928 850 |
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2 104 474 |
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Granted |
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23 110 479 |
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4.70 |
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5 406 682 |
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4.73 |
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Forfeited |
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(1 489 070) |
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(255 023) |
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Vested |
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(1 132 709) |
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(1 286 596) |
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As of December 31, 2016 |
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43 417 550 |
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5 969 537 |
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Granted |
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29 983 190 |
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5.08 |
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2 366 008 |
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4.90 |
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Forfeited |
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(2 589 904) |
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(807 556) |
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Vested(2) |
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(10 294 593) |
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(1 959 287) |
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As of December 31, 2017(3) |
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60 516 243 |
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5 568 702 |
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(1) |
The fair values of performance and restricted shares are estimated based on the grant date market price of the Nokia share less the present value of dividends expected to be paid during the vesting period. |
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(2) |
Vested performance shares at target are multiplied by the confirmed payout (% of target) to calculate the total number of Nokia shares settlement. |
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(3) |
Includes 10 167 021 performance shares for the Performance Share Plan 2015 and 204 419 Restricted Shares that vested on January 1, 2018. |