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ESPOO - Nokia Oyj (HEL:NOKIA) announced Thursday it has transferred 5,578,417 of its treasury shares to participants in the company’s share-based incentive programs.
The Finnish telecommunications equipment maker said the shares were transferred without compensation to program participants in accordance with the terms of the incentive plans. The transfer was based on a board decision announced on November 22, 2024, authorizing the use of treasury shares to fulfill commitments under the company’s incentive programs.
Following the transfer, Nokia now holds 31,131,121 of its own shares in treasury.
The share transfer is part of Nokia’s established compensation practices for employees participating in the company’s incentive schemes. Such programs are commonly used by publicly traded companies to align employee interests with shareholder value.
Nokia, a provider of network infrastructure and technology solutions, made the announcement in a stock exchange release.
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