Nokia Transfers 350,225 Own Shares for Incentive Plans
Ticker: NOKBF · Form: 6-K · Filed: May 30, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, share-transfer, employee-compensation
Related Tickers: NOK
TL;DR
Nokia just gave away 350k shares to employees for their bonus plans.
AI Summary
On May 30, 2024, Nokia Corporation transferred 350,225 of its own shares 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 reflects Nokia's ongoing use of equity incentives to retain and motivate key personnel, impacting the number of outstanding shares.
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
- 350,225 — Shares Transferred (Nokia transferred this number of its own shares to employees under incentive plans.)
Key Players & Entities
- Nokia Corporation (company) — Registrant
- 350,225 (dollar_amount) — Number of shares transferred
- May 30, 2024 (date) — Date of share transfer
FAQ
What was the total number of Nokia shares transferred?
A total of 350,225 Nokia shares were transferred.
On what date did the share transfer occur?
The share transfer occurred on May 30, 2024.
To whom were the shares transferred?
The shares were transferred to participants of Nokia's equity-based incentive plans.
Was there any monetary consideration for the share transfer?
No, the shares were transferred without consideration.
Under what authority were the shares transferred?
The transfer was executed in accordance with the rules of Nokia's equity-based incentive plans.
Filing Stats: 377 words · 2 min read · ~1 pages · Grade level 13.2 · Accepted 2024-05-30 12:43:05
Filing Documents
- tm2415983d1_6k.htm (6-K) — 13KB
- tm2415983d1_6kimg001.jpg (GRAPHIC) — 3KB
- 0001104659-24-066546.txt ( ) — 19KB
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 May 30, 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) 30 May 2024 Nokia Corporation Stock Exchange Release 30 May 2024 at 18:00 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 350 225 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 95 324 240. 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 Maria Vaismaa, Global Head of External Communications 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: May 30, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal