HELSINKI – Nokia (HE:) Corporation announced on January 22, 2025 that Lorna Gibb, a senior manager within the company, received a stock-based incentive as part of the company's compensation practices. This transaction falls within the scope of Article 19 of the EU Market Abuse Regulation and is the first notification to Gibb.
According to details provided, Mr. Gibb acquired a total of 11,792 Nokia shares. The transaction price was not included because this incentive was granted in the form of stock-based incentives, which are common in many companies to reward and incentivize senior management.
Nokia, a global leader in B2B technology innovation, is known for its pioneering work in networks designed to be responsive, intelligent and proactive. The company's focus spans across mobile, fixed and cloud networks. The company's renowned research division, Nokia Bell Labs, continues to contribute to the company's intellectual property and long-term innovation strategy.
This transaction is made public in accordance with regulatory requirements, ensuring transparency of the administrator's transactions. This is a routine disclosure that stock exchange-listed companies like Nokia are required to make when there are significant financial transactions by management.
This event highlights Nokia's continued commitment to aligning the interests of senior management with the interests of shareholders. Equity-based incentives are intended to motivate key personnel to continue contributing to the company's success and share in the financial results of their efforts.
Information in this report is based on Nokia Corporation press releases.
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