Transfer of Wärtsilä Corporation’s own shares for incentive

Wärtsilä Corporation has announced a share transfer as part of its Performance Share Plan for 2022–2024. The Board of Directors approved a directed share issue to reward eligible participants. This transfer will involve 356,145 shares held by the company, set to occur around March 4, 2025. The decision follows the authorization granted by the Annual General Meeting of Shareholders on March 7, 2024.

Details of the Share Transfer

The share transfer is part of Wärtsilä’s commitment to incentivizing its employees through the Performance Share Plan. Under this plan, the company will distribute 356,145 shares to participants who meet the eligibility criteria. This transfer will take place without any consideration, meaning participants will receive the shares at no cost. The details of the plan, including its terms and conditions, were initially published in a stock exchange release on February 28, 2022.

Green Marine Europe: A growing commitment from the European maritime industry

Following this transfer, Wärtsilä will retain a total of 2,286,430 of its shares. This move reflects the company’s ongoing strategy to align employee interests with shareholder value. By rewarding employees with shares, Wärtsilä aims to foster a culture of ownership and commitment among its workforce. The decision to proceed with the share transfer underscores the company’s focus on long-term performance and sustainability in the marine and energy sectors.

Wärtsilä is recognized as a global leader in innovative technologies and lifecycle solutions for marine and energy markets. With a dedicated team of 18,300 professionals across 230 locations in 77 countries, the company emphasizes sustainable technology to enhance environmental and economic performance. In 2024, Wärtsilä reported net sales of EUR 6.4 billion and is listed on Nasdaq Helsinki. For additional information, interested parties can contact Hanna-Maria Heikkinen, Vice President of Investor Relations, at +358 10 709 1461 or via email at hanna-maria.heikkinen@wartsila.com.