Nokia Transfers 3,000 Own Shares for Incentive Plans
Ticker: NOKBF · Form: 6-K · Filed: Apr 10, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Apr 10, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shares, incentive-plan, employee-compensation
Related Tickers: NOK
TL;DR
Nokia gave away 3k shares to employees today, no cash involved.
AI Summary
On April 10, 2024, Nokia Corporation transferred 3,000 of its own shares, held by the company, without consideration to participants in its equity-based incentive plans. This action aligns with the established rules of these plans.
Why It Matters
This transaction indicates Nokia's ongoing commitment to its employee incentive programs, potentially impacting share count and dilution.
Risk Assessment
Risk Level: low — The transfer of own shares for incentive plans is a routine corporate action with minimal immediate financial risk.
Key Numbers
- 3,000 — Shares Transferred (Nokia transferred this number of its own shares to employees under incentive plans.)
Key Players & Entities
- Nokia Corporation (company) — Registrant
- 3,000 (dollar_amount) — Number of shares transferred
- April 10, 2024 (date) — Date of share transfer
FAQ
What was the total number of Nokia shares transferred?
A total of 3,000 Nokia shares were transferred.
When did this transfer of shares occur?
The transfer of shares occurred on April 10, 2024.
Were these shares sold or given away?
The shares were transferred without consideration, meaning they were given away.
Who received these transferred shares?
The shares were transferred to participants of Nokia's equity-based incentive plans.
Is this a new type of transaction for Nokia?
No, the transfer is in accordance with the rules of Nokia's equity-based incentive plans, suggesting it is a recurring action.
Filing Stats: 372 words · 1 min read · ~1 pages · Grade level 13.3 · Accepted 2024-04-10 10:48:50
Filing Documents
- tm2411530d1_6k.htm (6-K) — 14KB
- tm2411530d1_6kimg001.jpg (GRAPHIC) — 11KB
- 0001104659-24-045645.txt ( ) — 30KB
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 April 10, 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 10 April 2024 1 (1) Nokia Corporation Stock Exchange Release 10 April 2024 at 16:30 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 3 000 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 82 234 958. 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: April 10, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal