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HELSINKI - Nokia (HE:NOKIA) Corporation announced that its Chief Executive Officer, Justin Hotard, has acquired 609,274 shares of the company. The transaction took place on Tuesday at NASDAQ Helsinki Ltd (XHEL), with each share priced at €4.6301, according to a notification filed under Article 19 of the EU Market Abuse Regulation.
This purchase is part of a co-investment based long-term incentive arrangement, aligning the CEO’s interests with those of the company and its shareholders. The total volume-weighted average price of the shares acquired in the transaction was €4.6301.
Nokia, known for its innovation in technology, operates as a B2B technology leader. The company is involved in creating networks that are designed to be responsive, intelligent, and proactive, spanning mobile, fixed, and cloud networks. Nokia also focuses on creating value through its intellectual property and long-term research initiatives, notably through its Nokia Bell Labs, which boasts a century of innovation.
The company prides itself on offering high-performance networks that can be integrated into various ecosystems, supporting service providers, enterprises, and partners globally. Nokia’s commitment to delivering secure, reliable, and sustainable networks is a cornerstone of its business strategy, positioning itself for future digital services and applications.
The information regarding the CEO’s share acquisition is based on a press release statement.
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