Nokia Transfers Own Shares for Incentive Plans
Ticker: NOKBF · Form: 6-K · Filed: Apr 11, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, share-transfer, treasury-stock
Related Tickers: NOK
TL;DR
Nokia just gave away 687k shares to employees for their incentive plans. No cash involved.
AI Summary
On April 11, 2024, Nokia Corporation transferred 687,144 of its own shares, held by the company, without consideration to participants in its equity-based incentive plans. This action was executed in accordance with the established rules of these plans.
Why It Matters
This transaction indicates Nokia is utilizing its treasury stock to reward employees through its incentive programs, a common practice for talent retention and motivation.
Risk Assessment
Risk Level: low — The transfer of treasury shares for incentive plans is a routine corporate action with no immediate negative financial implications.
Key Numbers
- 687,144 — Shares Transferred (Nokia transferred this many of its own shares to employees under incentive plans.)
Key Players & Entities
- Nokia Corporation (company) — Registrant
- 687,144 (dollar_amount) — Number of shares transferred
- April 11, 2024 (date) — Date of share transfer
FAQ
What was the total number of Nokia shares transferred?
A total of 687,144 Nokia shares were transferred.
When did this transfer of shares occur?
The transfer of shares occurred on April 11, 2024.
Were these shares sold or given away?
The shares were transferred without consideration, meaning they were given away.
To whom were these shares transferred?
The shares were transferred to participants of Nokia's equity-based incentive plans.
Is this a new type of transaction for Nokia?
The filing states the transfer was in accordance with the rules of the plans, suggesting it is a recurring or established practice.
Filing Stats: 374 words · 1 min read · ~1 pages · Grade level 13.3 · Accepted 2024-04-11 13:07:52
Filing Documents
- tm2411625d1_6k.htm (6-K) — 13KB
- tm2411625d1_6k-img001.jpg (GRAPHIC) — 11KB
- 0001104659-24-046200.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 11, 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 1 (1) 11 April 2024 Nokia Corporation Stock Exchange Release 11 April 2024 at 18:00 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 687 144 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 82 077 676. 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 11, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal