Nokia Transfers Own Shares for Incentive Plans
Ticker: NOKBF · Form: 6-K · Filed: Aug 15, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Aug 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, share-transfer, treasury-shares
Related Tickers: NOK
TL;DR
Nokia just gave away nearly 1.9M shares to employees for their incentive plans.
AI Summary
On August 15, 2024, Nokia Corporation transferred 1,899,036 of its own shares without consideration to participants in its equity-based incentive plans. This action was taken 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 employees, impacting the number of outstanding shares.
Risk Assessment
Risk Level: low — The transfer of treasury shares for employee incentives is a routine corporate action with minimal immediate financial risk.
Key Numbers
- 1,899,036 shares — Shares Transferred (Number of Nokia's own shares transferred to employees under incentive plans.)
Key Players & Entities
- Nokia Corporation (company) — Filer of the report and issuer of shares
- 1,899,036 (dollar_amount) — Number of Nokia shares transferred
- August 15, 2024 (date) — Date of the share transfer
FAQ
What was the total number of Nokia shares transferred?
A total of 1,899,036 Nokia shares were transferred.
On what date did this transfer occur?
The transfer occurred on August 15, 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.
Does this transfer affect the number of outstanding shares?
Yes, the transfer of treasury shares will affect the number of outstanding shares.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-08-15 13:47:46
Filing Documents
- tm2421818d1_6k.htm (6-K) — 20KB
- tm2421818d1_6kimg001.jpg (GRAPHIC) — 14KB
- 0001104659-24-090048.txt ( ) — 41KB
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 August 15, 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) 15 August 2024 Nokia Corporation Stock Exchange Release 15 August 2024 at 18:30 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 1 899 036 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 152 615 554. 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 PÖRSSITIEDOTE 1 (1) 15.8.2024 Nokia Oyj Pörssitiedote 15.8.2024 klo 18.30 EEST Muutokset Nokia Oyj:n omien osakkeiden omistuksessa Espoo – Nokia on tänään luovuttanut 1 899 036 yhtiön hallussa ollutta Nokian osaketta (NOKIA) vastikkeetta suorituksena Nokian osakepohjaisiin kannustinohjelmiin osallistuneille henkilöille ohjelmien ehtojen mukaisesti. Osakkeiden luovutus perustuu 4.10.2023 julkistettuun hallituksen päätökseen yhtiön hallussa olevien osakkeiden antamisesta ohjelmien mukaisten sitoumusten täyttämiseksi. Nokia Oyj:n hallussa olevien omien osakkeiden lukumäärä luovutuksen jälkeen on 152 615 554. Nokia Nokia luo teknologiaa, joka auttaa maailmaa toimimaan yhdessä. B2B-teknologia- ja innovaatiojohtajana olemme tulevaisuuden aistivien, ajattelevien ja älykkäiden verkkoratkaisujen edelläkävijä. Johtoasemamme pohjautuu osaamiseemme matkapuhelin-, kiinteissä ja pilvipalveluverkoissa. Luomme arvoa immateriaalioikeuksilla ja pitkäaikaisella tutkimus- ja kehitystyöllä palkitun Nokia Bell Labsin johdolla. Palveluntarjoajat, yritykset ja muut kumppanimme ympäri maailmaa luottavat Nokian verkkojen suorituskykyyn, vastuullisuuteen ja turvallisuusstandardeihin. Työskentelemme yhdessä kumppaneidemme kanssa kehittääksemme tulevaisuuden digitaalisia palveluita ja sovelluksia. Lisätietoja: Nokia Viestintä Puh. +358 10 448 4900 Sähköposti: press.services@nokia.com Maria Vaismaa, viestintäjohtaja Nokia Sijoittajasuhteet Puh. +358 40 803 4080 Sähköposti: 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: August 15, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal