ESPOO, Finland – Nokia (HE:NOKIA) Corporation announced that Patrik Hammarén, a senior manager at the company, has received 9,785 shares as part of a share-based incentive plan. The transaction, which took place outside of a trading venue on January 22, 2025, was reported in accordance with the EU Market Abuse Regulation.
The incentive received by Hammarén is part of Nokia's compensation program aimed at aligning the interests of the company's executives with those of its shareholders. The transaction was an initial notification, with no unit price associated with the shares, indicating that they were granted, not purchased.
Nokia is a global technology leader focused on the development of network infrastructure and the advancement of digital communication technologies. The company's efforts span mobile, fixed, and cloud networks. Nokia is also recognized for its contributions to intellectual property and long-term research, primarily conducted by its Nokia Bell Labs, which has received numerous accolades for its work.
The receipt of share-based incentives by senior managers is a common practice in many corporations as a way to incentivize performance and retain key personnel. Such transactions are typically disclosed to ensure transparency and maintain investor confidence in the company's governance practices.
This latest transaction underscores Nokia's commitment to its management team and the company's belief in the value of share ownership to foster a shared sense of purpose and dedication to the company's success.
The information regarding this transaction is based on a press release statement issued by Nokia Corporation.
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