HELSINKI - Nokia (HE:NOKIA) Corporation (NYSE:NOK) disclosed a transaction under the EU Market Abuse Regulation involving a senior management member, Raghav Sahgal, who received 89,000 shares as part of a stock reward on January 22, 2025. The company did not specify the unit price of the shares awarded.
Sahgal, listed as part of the company's top management, is subject to the disclosure requirements set forth by the regulation, which mandates transparency in the financial transactions of corporate insiders. The nature of the transaction was described as the receipt of share-based compensation, a common practice for aligning the interests of management with those of shareholders.
Nokia, a leader in B2B technology and innovation, is known for its contributions to the development of intelligent network solutions. The company's competitive edge is rooted in its expertise in fixed, mobile, and cloud service networks. It also values intellectual property rights and ongoing research and development, primarily driven by the award-winning Nokia Bell Labs.
The Finnish telecom giant continues to deliver high-performance, secure, and responsible network solutions, integrating seamlessly into various ecosystems. These solutions offer new opportunities for commercializing and scaling networks. Nokia's global partners, including service providers, enterprises, and others, rely on the company's networks for their performance and security standards.
This transaction demonstrates Nokia's commitment to its leadership team and the strategic importance of share-based incentives. It also underlines the company's focus on long-term value creation, which is supported by its continuous investment in innovation.
The information about the transaction was based on a press release statement from Nokia. The company regularly communicates with its stakeholders, including investors and the media, to ensure transparency in its operations and financial dealings.
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