HELSINKI – Nokia (HE:) Corporation announced on January 22, 2025 that Lorna Gibb, a senior manager within the company, received a share-based incentive as part of the company’s remuneration practices. The transaction falls within the scope of Article 19 of the EU Market Abuse Regulation and marks the initial notification for Gibb.
According to the details, Gibb acquired a total of 11,792 Nokia shares. The incentive did not include a transaction price, as it was awarded in the form of a stock-based incentive, a common practice for compensation and incentive for senior management in many corporations.
Nokia, a global leader in B2B technology innovation, is known for its pioneering work in networks that are designed to be responsive, intelligent and proactive. The company’s focus extends to mobile, fixed and cloud networks. Nokia Bell Labs, their renowned research subsidiary, continues to contribute to the company’s intellectual property and long-term innovation strategy.
The transaction was publicly disclosed in accordance with regulatory requirements, thereby ensuring the transparency of the manager’s transactions. It’s a routine disclosure that publicly traded companies like Nokia are required to make when their managers have significant financial dealings.
This event underscores Nokia’s continued commitment to aligning the interests of senior management with the interests of shareholders. Stock-based incentives are intended to motivate key personnel to continue to contribute to the company’s success and to share in the financial results of their efforts.
The data for this report is based on a press release from Nokia Corporation.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
