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ESPOO, Finland - Nokia Oyj (HEL:HE:NOKIA) announced Thursday it has transferred 449,890 of its treasury shares to participants in the company’s share-based incentive programs in accordance with program terms.
The share distribution was executed without consideration and follows a board decision announced on November 22, 2024, regarding the use of treasury shares to fulfill commitments under the company’s incentive schemes.
Following the transfer, Nokia now holds 36,709,538 of its own shares in treasury.
The announcement was made in a press release issued by the Finnish telecommunications equipment manufacturer. Nokia did not provide details about the specific incentive programs involved or the number of recipients who received shares.
Share-based incentive programs are commonly used by publicly traded companies to align employee and executive interests with those of shareholders by providing compensation tied to company performance.
Nokia, headquartered in Espoo, Finland, is a provider of network infrastructure and technology solutions serving telecommunications service providers, enterprises, and other partners globally.
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