Nokia Transfers 533,239 Shares for Incentive Plans; Own Shares Decline

TL;DR

**Nokia just issued 533,239 shares for employee incentives, slightly diluting existing stock.**

AI Summary

Nokia Corporation transferred 533,239 of its own shares to participants of its equity-based incentive plans on January 17, 2024, without consideration. This transfer was based on a Board of Directors' resolution from October 4, 2023, to settle commitments under these plans. Following this, Nokia now holds 75,903,812 of its own shares. This matters to investors because it indicates a dilution of existing shareholder value as more shares are now in circulation, potentially impacting earnings per share, even though it's a planned compensation event.

Why It Matters

This share transfer is a routine part of Nokia's employee compensation, but it slightly increases the number of outstanding shares, which can dilute the value of existing shares for current and potential investors.

Risk Assessment

Risk Level: low — This is a planned, routine share transfer for employee compensation and does not indicate any unexpected financial distress or operational issues.

Analyst Insight

A smart investor would recognize this as a standard operational event for employee compensation, not a significant market-moving catalyst, and would factor the minor dilution into long-term valuation models without immediate alarm.

Key Numbers

• 533,239 — Shares Transferred (Number of Nokia shares transferred to incentive plan participants on January 17, 2024.)
• 75,903,812 — Own Shares Remaining (Total number of Nokia's own shares held by the company after the transfer.)

Key Players & Entities

• Nokia Corporation (company) — the registrant and issuer of shares
• 533,239 (dollar_amount) — number of shares transferred
• January 17, 2024 (date) — date of share transfer
• October 4, 2023 (date) — date of Board of Directors' resolution
• 75,903,812 (dollar_amount) — number of own shares held by Nokia after the transfer
• Kaisa Antikainen (person) — Nokia Communications Manager

Forward-Looking Statements

• Nokia will continue to use equity-based incentive plans as a core component of its employee compensation strategy. (Nokia Corporation) — high confidence, target: 2025-12-31
• The number of own shares held by Nokia will fluctuate as more shares are potentially issued for future incentive plans or repurchased. (Nokia Corporation) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• tm243509d2_6k.htm (6-K) — 14KB
• tm243509d2_6kimg001.jpg (GRAPHIC) — 3KB
• 0001104659-24-004358.txt ( ) — 20KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated January 17, 2024 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant’s name into English and address of registrant’s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F : Form 40-F: Enclosures: · Stock Exchange Release: Changes in Nokia Corporation’s own shares Stock exchange release 17 January 2024 1 (1) Nokia Corporation Stock Exchange Release 17 January 2024 at 16:30 EET Changes in Nokia Corporation's own shares Espoo, Finland – A total of 533 239 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plans as announced on 4 October 2023. The number of own shares held by Nokia Corporation following the transfer is 75 903 812. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com Kaisa Antikainen, Communications Manager Nokia Investor Relations Phone: +358 40 803 4080 Email: investor.relations@nokia.com www.nokia.com SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 17, 2024 Nokia Corporation By: /s/ Esa Niinimäki Name: Esa Niinimäki Title: Chief Legal Officer

View Full Filing

View this 6-K filing on SEC EDGAR