Nokia Transfers 7.4M Shares to Incentive Plan Participants

TL;DR

Nokia just gave away 7.4M shares to employees for their incentive plans. No cash involved.

AI Summary

On August 29, 2024, Nokia Corporation announced a change in its own shares. The company transferred 7,455,343 Nokia shares, previously held by the company, without consideration to participants in Nokia's equity-based incentive plans. This action is part of Nokia's ongoing incentive programs.

Why It Matters

This transaction impacts Nokia's outstanding share count and is a routine part of managing employee compensation through equity incentives.

Risk Assessment

Risk Level: low — This is a standard share transfer for employee incentives and does not represent a significant financial risk or change in company strategy.

Key Numbers

• 7,455,343 — Shares Transferred (Nokia transferred this number of its own shares to employees under incentive plans.)

Key Players & Entities

• Nokia Corporation (company) — Registrant
• 7,455,343 (dollar_amount) — Number of shares transferred
• August 29, 2024 (date) — Date of announcement and transfer

FAQ

Filing Documents

• tm2423017d1_6k.htm (6-K) — 33KB
• tm2423017d1_6kimg001.jpg (GRAPHIC) — 3KB
• 0001104659-24-094710.txt ( ) — 39KB

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 29, 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: 2 x Managers' transactions STOCK EXCHANGE RELEASE 29 August 2024 1 (1) Nokia Corporation Stock Exchange Release 29 August 2024 at 16:30 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 7 455 343 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 149 486 937. 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 STOCK EXCHANGE RELEASE 29 August 2024 1 (2) Nokia Corporation Managers’ transactions 29 August 2024 at 17:00 EEST Nokia Corporation - Managers' transactions (Martikainen) Transaction notification under Article 19 of EU Market Abuse Regulation. Person subject to the notification requirement Name: Martikainen, Piia Susanna Position: Closely associated person (1): Person Discharging Managerial Responsibilities In Issuer Name: Uitto, Tommi Position: Other senior manager Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATION Reference number: 75909/7/6 Transaction date: 2024-08-29 Outside a trading venue Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details (1): Volume: 358 Unit price: N/A Aggregated transactions (1): Volume: 358 Volume weighted average price: N/A 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. www.nokia.com STOCK EXCHANGE RELEASE 29 August 2024 2 (2) 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 STOCK EXCHANGE RELEASE 29 August 2024 1 (2) Nokia Corporation Managers’ transactions 29 August 2024 at 17:00 EEST Nokia Corporation - Managers' transactions (Uitto) Transaction notification under Article 19 of EU Market Abuse Regulation. Person subject to the notification requirement Name: Uitto, Tommi Position: Other senior manager Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATION Reference number: 75912/5/4 Transaction date: 2023-08-29 Outside a trading venue Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details (1): Volume: 358 Unit price: N/A Aggregated transactions (1): Volume: 358 Volume weighted average price: N/A About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sens

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