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YIT Oyj — Remuneration Information 2026
Feb 25, 2026
3249_rns_2026-02-25_8692b5f4-05a8-4000-b1ff-e55bbdd23340.pdf
Remuneration Information
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YIT Corporation's Remuneration Report
YIT Corporation's Remuneration Report is based on the Finnish Corporate Governance Code 2025 of the Securities Market Association and provides the details of the remuneration paid to members of the Board of Directors, President and CEO, and his Deputy.
The remuneration of the Board of Directors and the President and CEO has followed the principles of the YIT Remuneration Policy 2024-2027 approved at the Annual General Meeting on March 14, 2024.
The aim of the Remuneration Policy is to strengthen YIT's competitiveness, long-term financial success and sustainable shareholder value creation by attracting, retaining and motivating talents to drive YIT's strategy. Remuneration is performance-based, transparent, fair and promotes behaviors aligned with the desired YIT culture.
The strategic priorities and the Remuneration Policy are the basis for the elements of our remuneration. Base pay and benefits are at a competitive level to recruit, motivate and retain talents. The level of these elements is benchmarked regularly with market practices. The short-term and long-term incentive plans support increasing shareholder value, driving financial performance and strategic transformation, as well as success with our customers and sustainability-related targets.
Based on 2025 performance short-term incentive payments are made. Especially the performance on profitability and gearing exceeded the internally set targets. The KPI performance of long-term incentive plan (LTIP)'s earning periods 2023–2025, 2024–2026 and 2025– 2027 improved in 2025 compared to the two previous years. The sustainability metrics of different earning periods (Science Based Target Initiative, scope 1-2 for 2023–2025 and scope 1-3 for 2024–2026 and 2025–2027) have developed positively. Absolute Total Shareholder Return (Absolute TSR) metrics' performance has improved though remained below target level in 2023–2025 earning period.
The Board has made on April 30, 2025 an interim exception as defined under the Remuneration Policy by introducing a fixed-term strategic incentive plan for the top management.
REMUNERATION DEVELOPMENT
YIT's strategy emphasises growth and resilience, industry-leading profitability and return on assets and customer focused value creation for our stakeholders. Development in the area of sustainability has been supported with the means of remuneration for a long time already. According to our Code of Conduct we recruit employees based on their competence and potential, focus on work safety and support our employees' well-being and development on the long term.
The details in table below are presented on an accrual basis.
| President and CEO (EUR)¹ | 2025 5 | 2024 | 2023 ² | 2022 | 2021 |
|---|---|---|---|---|---|
| Heikki Vuorenmaa, CEO 28 Nov 2022 onwards | 901,044 | 688,105 | 732,683 | 47,575 | |
| Markku Moilanen, CEO from 1 Apr 2021 to 27 Nov 2022 | 2,317,317 | 547,497 | |||
| Antti Inkilä, Interim CEO from 23 Oct 2020 to 31 Mar 2021 | 180,280 | ||||
| Board of Directors (EUR) | 2025 | 2024 | 2023 ³ | 2022 | 2021 |
| YIT Board of Directors | 556,700 | 546,300 | 648,700 | 808,363 | 774,464 |
| Employee average remuneration (EUR) | 2025 | 2024 | 2023 | 2022 | 2021 |
- 1 Remuneration details in this table do not include supplementary pension of the President and CEO.
- 2 The President and CEO decided to decrease his salary with an amount equal to 2 weeks pay to contribute to the company's cost reduction and efficiency development efforts.
- 3 The Board decided to decrease their annual fixed fee by 10 % to contribute to the company's cost reduction and efficiency development efforts.
- 4 Calculated by dividing total salary and rewards costs by the average number of the employees. Pension and other social costs paid by the employer are not included in these figures. Employee average remuneration in 2024-2025 reflect continuous operations. The 2021, 2022 and 2023 figures have not been restated.
- 5 The results and the value of share reward earned from Long-term Incentive Plan's earning period 2023–2025 are confirmed after the publication of the Remuneration Report. The estimate has been calculated based on most recent 2025 forecast with a rate of € 3.15 / YIT share.
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FINANCIAL KEY METRICS (IFRS)
| Revenue (EURm) | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| YIT | 1,757 | 1,820 | 2,163 | 2,403 | 2,652 |
| Operating profit (EURm) | 2025 | 2024 | 2023 | 2022 | 2021 |
| YIT | 45 | -55 | 51 | 102 | 56 |
| Order book (EURm)1 | 2025 | 2024 | 2023 | 2022 | 2021 |
| YIT | 2,915 | 2,941 | 3,157 | 3,702 | 3,847 |
YIT has restated financial information for the 2021 comparative period reflecting the reporting of sold Russian businesses.
REMUNERATION OF THE BOARD OF DIRECTORS
The Annual General Meeting decides on the annual remuneration of the Board of Directors and the Board Committees. Based on the decision of the Annual General Meeting on 3 April 2025, the members of the Board were required to acquire YIT corporation shares from a regulated market (Nasdaq Helsinki) with an amount equal to 40% of their fixed fee. The shares in question were purchased directly on behalf of the members of the Board within a two-week period following the disclosure of the first quarterly report of 2025. The company will pay any costs related to the purchase of company shares. In addition to an annual fee, the Board members were paid based on their positions as the chair or members of the Board Committees.
Fixed fees decided by the Annual General Meeting on 3 April 2025
- Chair of the Board: EUR 105,000
- Vice chair of the Board and chairs of the committees unless the same person serves as chair or vice chair of the Board: EUR 73,500
- Members of the Board: EUR 52,500
In addition, EUR 800 per meeting has been paid to members of the Board. The same fees have also been paid for the Board committee meetings for the committee members. As decided by the Annual General Meeting, same fees are paid also when Board or Board committee meeting is held via electronic remote connections or by telephone. The chair of the Board and the chairs of the permanent and interim committees have been paid a fee of EUR 1,600 per meeting.
Travel-related costs in the home country and abroad have been reimbursed, and daily allowances have been paid according to YIT's Travel Policy and rules set by the tax authorities.
The remuneration paid to the members of the Board of Directors for the year 2025 totals EUR 556,700 (EUR 546,300 in 2024). None of the Board members has an employment relationship or service contract with YIT, and they are not covered by YIT's short- or long-term incentive plans or supplementary pension plans. Board remuneration in total and YIT shares purchased with the set proportion of the annual fee are disclosed in the following tables.
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BOARD OF DIRECTORS' FEES IN TOTAL (EUR)
| Member of the Board | Position | Fixed Fee | Board meeting fees1 |
Committee meeting fees |
Annual total 2025 | Annual total 2024 | Annual total 2023 | Annual total 2022 | Annual total 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Jyri Luomakoski | Chair of the Board | 105,000 | 19,200 | 16,000 | 140,200 | 136,200 | 90,150 | 66,900 | |
| Casimir Lindholm | Vice Chair of the Board | 73,500 | 9,600 | 17,600 | 100,700 | 99,900 | 90,150 | 68,500 | |
| Anders Dahlblom | Member of the Board | 52,500 | 9,600 | 13,600 | 75,700 | 69,300 | |||
| Sami Laine | Member of the Board | 52,500 | 9,600 | 13,600 | 75,700 | 74,900 | 68,850 | 27,832 | |
| Kerttu Tuomas | Member of the Board | 73,500 | 9,600 | 9,600 | 92,700 | 91,900 | 90,150 | 91,100 | |
| Leena Vainiomäki | Member of the Board | 52,500 | 9,600 | 9,600 | 71,700 | 67,700 | |||
| Previous members of the Board, total | 0 | 6,400 | 309,400 | 554,031 | 774,464 | ||||
| Total2 | 409,500 | 67,200 | 80,000 | 556,700 | 546,300 | 648,700 | 808,363 | 774,464 |
SHARES PURCHASED WITH FIXED FEES (NUMBER OF SHARES)
| Member of the Board | Position | YIT shares purchased in 2025 |
YIT shares purchased in 2024 |
YIT shares purchased in 2023 |
YIT shares purchased in 2022 |
YIT shares purchased in 2021 |
|---|---|---|---|---|---|---|
| Jyri Luomakoski | Chair of the Board | 16,203 | 21,252 | 11,652 | 5,367 | |
| Casimir Lindholm | Vice Chair of the Board | 11,342 | 14,877 | 11,652 | 5,367 | |
| Anders Dahlblom | Member of the Board | 8,101 | 10,626 | |||
| Sami Laine | Member of the Board | 8,101 | 10,626 | 8,323 | 3,363 | |
| Kerttu Tuomas | Member of the Board | 11,342 | 14,877 | 11,652 | 7,514 | |
| Leena Vainiomäki | Member of the Board | 8,101 | 10,626 | |||
| Previous members of the Board, total | 33,292 | 39,860 | 35,871 | |||
| Total | 63,190 | 82,884 | 76,571 | 61,471 | 35,871 |
1No meeting fees were paid when decisions were made per capsulam.
2 In addition, YIT has paid the asset transfer tax EUR 2,457 on those YIT shares which the Members of the Board have acquired with 40 % of their annual fixed fee. In the earlier years, paid asset transfer tax has been EUR 2,457 in 2024, EUR 2,782 in 2023, EUR 3,701 in 2022 and EUR 3,136 in 2021.
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REMUNERATION OF THE PRESIDENT AND CEO
YIT's Board of Directors decides on the remuneration, benefits and other terms of the service contract of the President and CEO. The President and CEO's remuneration consists of a fixed base salary, fringe benefits, an annual short-term incentive plan (Annual STIP), a long-term incentive plan (LTIP) and a supplementary pension plan. The same remuneration components also form the total remuneration for the Deputy to the President and CEO.
According to the Remuneration Policy, the President and CEO is paid for performance. Hence variable pay components at their target level form more than half and at their maximum level more than two thirds of his remuneration mix. Variable pay components here refer to the short-term and long-term incentive plans. The Board has also decided on the Fixed-Term Strategic Incentive Plan for 2025–2029. Possible payment (due 2030) earned by achieving its targets would further increase the share of the variable pay.
Heikki Vuorenmaa started as the President and CEO of the YIT Corporation on 28 November, 2022. Tuomas Mäkipeska was the Deputy to the President and CEO from January 1, 2025 to October 31, 2025. Since November 1, 2025 Aleksi Laine has been the Deputy to the President and CEO.
ANNUAL SHORT-TERM INCENTIVES
The President and CEO's short-term incentive earning opportunity in 2025 was at the target level 45% and at the maximum level 90% of the annual fixed base salary (including fringe benefits). The role-based earning opportunities for the 2025 and 2024 earning periods are stated below.
Earning opportunity
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Role | Target | Maximum | Target | Maximum | |
| President and CEO1 | 45.0 % | 90.0 % | 45.0 % | 90.0 % | |
| Deputy to President and CEO2 | 25.0 % | 50.0 % | 25.0 % | 50.0 % |
1Heikki Vuorenmaa since 28 November 2022.
CEO Annual STIP metrics and results 2025
| KPI | Weight | Performance |
|---|---|---|
| Adjusted Operating Profit | 40.0 % | 100.0 % |
| Gearing | 40.0 % | 100.0 % |
| Customer Satisfaction | 10.0 % | 58.0 % |
| Work Safety | 10.0 % | 0.0 % |
| Group's Adjusted Operating Profit as trigger (on/off) | On | |
| Total | 100 % | 85.8 % |
CEO Annual STIP metrics and results 2024
| KPI | Weight | Performance |
|---|---|---|
| Adjusted Operating Profit | 40.0 % | 0.0 % |
| Operative Cash Flow | 40.0 % | 0.0 % |
| Customer satisfaction | 10.0 % | 74.0 % |
| Work Safety | 10.0 % | 95.0 % |
| Group's Adjusted Operating Profit as on/off trigger | Off | |
| Total | 100 % | 0 % |
Paid and to-be-paid Annual STIP payments
| Role | To be paid | in 2026 Paid in 2025 |
|---|---|---|
| President and CEO1 | 300,178 | 0 |
| Deputy to President and CEO since 1 November 20252 | 86,162 | 0 |
| Deputy to President and CEO until 31 October 20252 | 0 | 0 |
1Heikki Vuorenmaa since November 28, 2022.
CEO REMUNERATION MIX (TARGET, EURm1,2)
At the target level, the total rewards of the President and CEO add up to EUR 1.30 million, of which fixed pay constitutes 47.8 %, and variable pay 52.2 %.

Salary and benefits 39.8 % Supplementary pension 8.0 % Annual short-term incentives 17.9 % Long-term incentives 34.3 %
CEO REMUNERATION MIX (MAX, EURm1,2)
At the maximum level, the total rewards of the President and CEO add up to EUR 2.00 million, of which fixed pay constitutes 31.4 %, and variable pay 68.6 %.


1Long-term incentive plan earning opportunity at the target and the maximum level is calculated with a rate of € 3.15 / YIT share.
2Antti Inkilä from August 1, 2021 to December 31, 2024, Tuomas Mäkipeska from January 1, 2025 to October 31, 2025, and Aleksi Laine from November 1, 2025 onwards.
2 Tuomas Mäkipeska from January 1, 2025 to October 31, 2025 and Aleksi Laine from November 1, 2025 onwards. Of the reported payment of Aleksi Laine, EUR 12,839 has been earned during November 1, 2025 - December 31, 2025.
2 Fixed-Term Strategic Incentive Plan with a possible payout in 2030 has not been included in the chart.
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INCENTIVE PLAN RELATED TO STRATEGIC TRANSFORMATION PROGRAM
The Board of Directors decided on February 9, 2023 and December 19, 2023 on a fixed-term incentive plan for the key personnel for 2023 and 2024. The purpose of the plan was to accelerate the progress with the goals set for the strategic transformation program making the company's operations more efficient and improving its competitiveness. The plan metrics, earning opportunities and payments made accordingly are presented in the tables below.
2024
| Metric | Weight | Trigger | Result |
|---|---|---|---|
| Fixed Costs Savings | 25% | Yes | 50% |
| Capital Release | 30% | Yes | 100% |
| Total Benefits of the Transformation Program | 25% | No | 46% |
| Transformation Progress in the Organization | 20% | No | 100% |
| 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | Role | Target | Max | Result Payment Target | Max | Result Payment | |||
| Heikki Vuorenmaa President and CEO | 25.0% | 50.0% | 37.0% | 185,701 | 25.0% | 50.0% | 50.0% | 251,202 | |
| Antti Inkilä | Deputy to President and CEO | 15.0% | 30.0% | 22.2% | 81,116 | 10.0% | 20.0% | 20.0% | 109,728 |
LONG-TERM INCENTIVE PLAN
YIT has a long-term incentive plan (abbreviated LTIP) in place to support strategic transformation and long-term financial profitability and to retain key personnel.
In 2020, The Board of Directors decided to establish a Performance Share Plan type of LTIP with three-year earning periods, of which the third ran from January 1, 2022 to December 31, 2024 and the fourth from January 1, 2023 to December 31, 2025. The fifth earning period runs from January 1, 2024 to December 31, 2026, and the sixth from January 1, 2025 to December 31, 2027. The share reward from the 2022-2024 earning period was paid in 2025. The share rewards from the 2023–2025 earning period will be made in 2026, and the potential share rewards from the 2024–2026 earning period in 2027 and from the 2025–2027 earning period in 2028.
According to the most recent forecast of 2025 the President and CEO Heikki Vuorenmaa will earn a reward of 28,000 gross shares based on the 2023–2025 earning period's performance metrics Absolute TSR and Emissions Reduction Index. The results and the value of possible share reward earned are confirmed after the publication of the Remuneration Report. Possible payment is due in May 2026.
According to the most recent forecast of 2025 the Deputy to the President and CEO Aleksi Laine will earn a reward of 6,925 gross shares from 2023–2025 earning period based on its performance metrics Absolute TSR and Emissions Reduction Index. Of this estimated reward 467 gross shares are earned from November 1 to December 31, 2025. The results and the value of share reward earned are confirmed after the publication of the Remuneration Report. Possible payment is due in May 2026.
The former Deputy to President and CEO Tuomas Mäkipeska received a share payment of 8,400 gross shares on May 6, 2025 based on the 2022–2024 earning period's performance metrics Absolute TSR and Emissions Reduction Index.
Long-term incentive plans
| Plan and earning period | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| YIT LTIP 2022–2024 | Earning period | Payout | |||||
| YIT LTIP 2023–2025 | Earning period | Payout | Planned payout |
||||
| YIT LTIP 2024–2026 | Earning period | Planned payout |
|||||
| YIT LTIP 2025–2027 | Earning period |
Long-term incentive plan metrics and results
| Plan and earning period | KPI | Weight (%) | Overall performance (%) |
|---|---|---|---|
| ROCE | 60% | ||
| YIT LTIP 2025–2027 | Absolute TSR | 30% | Results can be assessed and |
| Sustainability (Environment) | 10% | disclosed after the earning | |
| Absolute TSR | 90% | period end. | |
| YIT LTIP 2024–2026 | Sustainability (Environment) | 10% | |
| Absolute TSR | 90% | 10% | |
| YIT LTIP 2023–2025 | Sustainability (Environment) | 10% | |
| Absolute TSR | 90% | 10% | |
| YIT LTIP 2022–2024 | Sustainability (Environment) | 10% |
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Fixed-Term Strategic Incentive Plan 2025–2029
The Board of Directors of YIT Corporation decided on April 30, 2025 to establish a new fixed-term, strategic incentive plan for the top management of the YIT Group. The purpose of the plan is to align the interests of the company's shareholders and the top management to increase the company's value in the long term, to commit the top management to implement the company's strategy and objectives launched in late 2024 for the period 2025–2029, and to create a strong link between the long-term strategic objectives and the compensation structures of the top management.
The Fixed-Term Strategic Incentive Plan 2025–2029 consists of one performance period, which covers the financial years 2025–2029. The performance criteria of the plan are tied to the year 2029 Net Sales, Adjusted Earnings Before Interest and Taxes, Return on Capital Employed and various Milestone Criteria, which are linked to the strategic goals of YIT Corporation. In the plan, the target group has an opportunity to earn YIT Corporation shares based on performance, by achieving or exceeding the level of 2029 strategic targets. Rewards based on achieving the Milestone Criteria are subject for meeting further criteria tied to 2029 Adjusted Operating Profit.
The potential rewards from the plan will be paid within five months after the end of the performance period. The value of the rewards to be paid on the basis of the plan corresponds to a maximum total of 2 900 000 shares of YIT Corporation, including also the proportion to be paid in cash. The target group in the plan consists of approximately 10 key leaders, including the members of the YIT Leadership Team and the President and CEO. The earning opportunity of the President and CEO is circa three times the annual salary and the earning opportunity of the Deputy to the President and CEO circa two times the annual salary.
The potential reward will be paid partly in YIT Corporation shares and partly in cash. The cash proportion of the reward is intended to cover taxes and statutory social security contributions arising from the reward to the participants. As a rule, no reward will be paid if the key leaders' employment or director contract terminates before the reward payment.
The plan metrics, earning opportunities and payments to be made accordingly are presented in the following tables.
| Metrics | Weight | Result | |
|---|---|---|---|
| 2025 – 2026: Non-Operative Capital Release | 10% | ||
| 2025 – 2026: CEE Residential Net Sales Growth and Adj. Operating Profit | 10% | ||
| Milestone Criteria | 2026 – 2027: Work Safety Improvement | 10% | |
| Milestone Ontena | 2026 – 2027: Operational Efficiency | 10% | |
| 2027 – 2028: Decided at the end of 2026 | 10% | ||
| 2027 – 2028: Decided at the end of 2026 | 10% | ||
| Net Sales Compound Annual Growth Rate (CAGR) | 10% | ||
| Financial Criteria | Adjusted Operating Profit | 10% | |
| ROCE | 10% | ||
| Total | 100% |
Earning opportunities (YIT shares)
2025-2029
| Name | Role | Target | Maximum | Result | Payment |
|---|---|---|---|---|---|
| Heikki Vuorenmaa | President and CEO | 333,108 | 666,216 | e assessed and er the earning |
|
| Aleksi Laine 1 | Deputy to President and CEO | 111,389 | 222,777 | perio | d end. |
<sup>1 Deputy to the President and CEO from November 1, 2025 onwards. Presented earning opportunity coves the entire 2025-2029 earning period and has not been prorated.
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PRESIDENT AND CEO'S SUPPLEMENTARY PENSION
The President and CEO of YIT has a supplementary defined contribution pension scheme. The same pension scheme also applies to the Deputy to the President and CEO. The annual contribution of the plan was 20% of the fixed base salary in 2021–2025.
The contributions made to the supplementary pension scheme are disclosed in the table below.
| Pension contributions (EUR) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Heikki Vuorenmaa | President and CEO 28 Nov 2022 onwards | 102,533 100,481 100,481 | ||||
| Markku Moilanen | Former President and CEO 1 Apr 2021 to 27 Nov 2022 | 61,806 135,973 | ||||
| Antti Inkilä | Former Interim CEO 23 Oct 2020 to 31 Mar 2021 | 24,000 | ||||
| Aleksi Laine1 | Deputy to President and CEO 1 Nov 2025 onwards | 52,200 | ||||
| Tuomas Mäkipeska Former Deputy to President and CEO to 31 Oct 2025 | 59,232 | |||||
| Antti Inkilä2 | Former Deputy to President and CEO to 31 Dec 2024 | 32,455 | 73,376 | 73,376 | 73,376 | |
| Ilkka Salonen | Former Deputy to President and CEO to 31 Jul 2021 | 37,243 |
1Of the supplementary pension plan contributions of Aleksi Laine, EUR 8,700 is based on period November 1 - December 31, 2025.
TERMINATION COMPENSATION
The former Deputy to the President and CEO, Tuomas Mäkipeska resigned from the service of YIT and he will be paid the following final salary and severance payments according to his service contract. The payment of the notice pay starts on January 1, 2026 and ends on February 28, 2026. The other payments will be made during 2026. The total payable amounts are disclosed in the table below.
| Remuneration element | EUR, thousands |
|---|---|
| Salary from notice period (2 months)1 | 71.1 |
| Salary from non-compete period (6 months) | 71.1 |
| Annual Short-term Incentive Plan, 2025 earnings | 0.0 |
| Long-term Incentive Plan | 0.0 |
| Total | 142.2 |
The former Deputy to the President and CEO, Antti Inkilä, is paid the following final salary and severance payments according to his service contract. The payable sums were confirmed in 2024 in connection with the termination of the contract. The payment of the notice pay started on December 10, 2024 and ended on June 9, 2025. The other payments are made during 2025–2026. The total payable amounts are disclosed in the table below.
| Remuneration element | EUR, thousands |
|---|---|
| Salary from notice period (6 months)1 | 241.5 |
| Salary from non-compete period (6 months) | 182.9 |
| 6-month severance payment | 182.9 |
| Annual Short-term Incentive Plan, 2024 earnings | 0.0 |
| Fixed-term incentive plan related to strategic transformation program, 2024 earnings | 81.1 |
| Long-term Incentive Plan² | 21.0 |
| Total | 709.4 |
1 Includes supplementary pension
2 The supplementary pension plan contributions of 2024 and 2025 include also the proportion paid during the notice period.
2The value of the payment from Long-term Incentive Plan is calculated with € 2.50/YIT share.
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SUMMARY OF AGGREGATED REMUNERATION
Details in the table below are presented on a payment basis.
| 2025 | 2024 | 2023 | 2022 | 2021 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Position | Annual salary |
Benefits Severance | Short-term Incentives1 |
Long term Incentives |
Suppl. pension |
Total | Annual salary |
Benefits Severance | Short term incentives |
Long term Incentives |
Suppl. pension |
Total | Total | Total | Total | ||
| Heikki Vuorenmaa | CEO 28 Nov 2022 onwards | 512,426 | 240 | 185,701 | 102,533 | 800,900 | 502,164 | 240 | 251,202 | 100,481 | 854,087 | 581,961 | 55,948 | |||||
| Markku Moilanen² | CEO 1 Apr 2021 to 27 Nov 2022 | 247,352 | 247,352 1,299,738 | 967,826 | 656,996 | |||||||||||||
| Antti Inkilä | Interim CEO 23 Oct 2020 to 31 Mar 2021 | 207,911 | ||||||||||||||||
| Aleksi Laine3 | Deputy to CEO 1 Nov 2025 onwards | 252,463 | 23,311 | 53,226 | 12,747 | 52,200 | 393,947 | |||||||||||
| Tuomas Mäkipeska Deputy to CEO to 31 Oct 2025 | 336,531 | 13,387 | 78,817 | 21,596 | 59,232 | 509,563 | ||||||||||||
| Antti Inkilä4 | Deputy to CEO to 31 Dec 2024 | 165,365 | 18,071 | 274,320 | 81,116 | 21,596 | 32,455 | 592,923 | 344,647 | 17,144 | 27,081 | 109,728 | 25,919 | 69,037 | 593,555 | 547,538 | 646,856 | 197,419 |
| Ilkka Salonen | Deputy to CEO to 31 Jul 2021 | 244,291 |
1 Based on the incentive plan related to the strategic transformation program payments for earning period 2024 were made in April 2025, EUR 185,701 for the President and CEO and EUR 78,817 for the Deputy to the President and CEO and EUR 81.116 for the former Deputy to the President and CEO. No payments were made from the short-term incentive plan based on the 2024 performance.
The Long-Term Incentive Plan aligns business strategy with the interests of the company owners and the interests of the President and CEO. The following table discloses the earning opportunities of the President and CEO, and the Deputy to the President and CEO from the ongoing Long-Term Incentive Plans and the Fixed-Term Strategic Incentive Plan in YIT shares.
| Long-Term Incentive Plans | Fixed-Term Strategic Incentive Plan 2025-20293 | ||||||
|---|---|---|---|---|---|---|---|
| Name | Position | No. of YIT shares earned but not yet transferred1 |
Performance share earning opportunity at target level2 |
Performance share earning opportunity at maximum level2 |
Performance share earning opportunity at target level |
Performance share earning opportunity at maximum level |
|
| Heikki Vuorenmaa | President and CEO | 28,000 | 280,000 | 560,000 | 333,108 | 666,216 | |
| Aleksi Laine | Deputy to President and CEO4 | 6,925 | 84,000 | 168,000 | 111,389 | 222,777 | |
| Tuomas Mäkipeska Deputy to President and CEO5 | 0 | 0 | 0 | 0 | 0 |
1The results and the value of possible share rewards earned from the earning period 2023–2025 are confirmed after the publication of the Remuneration Report. The reported estimate is based on most recent 2025 forecast. Possible reward is due in May 2026. These are gross amounts before any taxes and other payments
2 The payments made to former President and CEO Markku Moilanen after the termination of his contract are reported in this table under 2022, 2023 and 2024. In YIT Remuneration Report 2022, this entire amount was reported in the column 'Severance'.
³ The payments made to Aleksi Laine during November 1, 2025 - December 31, 2025 total 54,700.
4 The second part of the severance payment for Antti Inkilä will be paid in 2026
2YIT LTIP 2024–2026 and 2025–2027 total target and maximum earning opportunity disclosed. These are gross amounts before any taxes and other payments.
3 The reported earning opportunity of the Fixed-Term Strategic Incentive Plan covers the entire 2025-2029 period. Possible reward is due in 2030.
4Aleksi Laine has been the Deputy to the President and CEO from November 1, 2025 onwards. Of the estimated reward 6,925 YIT shares, 467 shares were earned during November 1 – December 31, 2025.
5Tuomas Mäkipeska was the Deputy to the President and CEO from January 1, 2025 to October 31, 2025.
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YIT builds thriving living environments in Europe. For more than 110 years, we have made everyday life smoother by building homes for a good life, spaces where people and businesses can thrive, and infrastructure that supports the essential functions of society.
We operate in seven countries and employ approximately 4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com
YIT Corporation B.O. Box 36 00621 Helsinki, Finland Tel. +358 20 433 111 [email protected]
