HELSINKI - Nokia (HE:NOKIA) Corporation (NYSE:NOK) announced on January 22, 2025, that a member of its senior leadership, Tommi Uitto, has received a stock award. The transaction falls under the scope of the Market Abuse Regulation Article 19.
Tommi Uitto, whose position is described as ’other senior management,’ was awarded 44,055 shares. The company did not disclose the unit price of the shares awarded, indicating that the transaction might be part of a compensation or incentive program.
Nokia, a global leader in B2B technology and innovation, is known for its pioneering work in developing future networks that are perceptive, cognitive, and intelligent. The company’s leadership in the market is built on expertise in fixed, mobile, and cloud network solutions. Nokia creates value through intellectual property rights and extensive research and development, led by the award-winning Nokia Bell Labs. Its network solutions are based on open architecture, integrating seamlessly with various ecosystems to create new commercialization and scaling opportunities.
Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia’s networks. The company collaborates with partners to develop future digital services and applications.
This share award to Tommi Uitto underscores Nokia’s practice of aligning the interests of its leadership with those of the company and its shareholders. The award is part of the company’s strategy to incentivize executives, which is a common practice in the industry.
The information about this transaction is based on a press release statement from Nokia. Further details about the company’s compensation policies for senior management or the specific terms of Uitto’s stock award were not provided in the press release.
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