Nokia Corporation Enhances Board Incentives with Share Purchases
Nokia Corporation Enhances Board Compensation Strategies
Nokia Corporation is taking significant steps to align its board member compensation with shareholder interests by facilitating share purchases. This strategic move is aimed at fostering a deeper commitment among board members towards the company’s growth and shareholder value.
Key Resolutions from the Annual General Meeting
During a recent Annual General Meeting, it was resolved that approximately 40% of the annual fees for board members would be compensated with Nokia shares. This resolution marks a pivotal shift in how board members are incentivized and aligns their interests with those of the shareholders.
Details of the Transaction
On 7 May 2025, one of the notable transactions involved board member Thomas Dannenfeldt acquiring shares as part of this new compensation structure. The transaction took place on NASDAQ HELSINKI LTD, where a total of 21,854 shares were processed.
Incentives Designed to Drive Performance
The nature of these transactions places an emphasis on share-based incentives, which are designed to motivate board members to drive performance that ultimately benefits all stakeholders involved. With a unit price of 0.00 EUR, these transactions suggest a strong commitment to integrating compensation with company value growth.
Nokia's Commitment to Innovation and Growth
Nokia is renowned for its role as a leader in technology innovation, and this recent move towards share-based compensation reflects its commitment to maintaining a forward-thinking approach. The company continues to pioneer technology that allows organizations to connect and operate harmoniously across various platforms.
A Legacy of Technological Advancement
With its impressive legacy, particularly through the award-winning Nokia Bell Labs, which has been an epitome of innovation for the past century, Nokia is not only investing in its current leadership but also in the future of telecommunications. This reflects the company’s vision of fostering shared success.
Trust and Reliability from Global Enterprises
Nokia’s high-performance networks are trusted by service providers and enterprises worldwide. By enhancing the compensation framework for its board members, Nokia is reinforcing its commitment to secure, reliable, and sustainable technology solutions that empower its partners.
Contact Nokia for More Information
For inquiries regarding these transactions or further information about Nokia, you can reach out to Nokia Communications at +358 10 448 4900 or via email at press.services@nokia.com. Additionally, Nokia’s Investor Relations department can be contacted at +358 931 580 507 or via email at investor.relations@nokia.com.
Frequently Asked Questions
What changes were announced regarding board member compensation?
Nokia Corporation resolved to pay approximately 40% of board member fees in Nokia shares, aligning their interests with shareholder values.
Who is Thomas Dannenfeldt?
Thomas Dannenfeldt is a member of Nokia’s Board and was involved in the recent share transactions as part of his compensation.
How many shares were purchased for board members?
A total of 21,854 shares were purchased for board member Thomas Dannenfeldt in the recent transaction.
Where did the transaction take place?
The transaction took place on NASDAQ HELSINKI LTD.
How can I contact Nokia for inquiries?
You can reach Nokia Communications at +358 10 448 4900 or via email at press.services@nokia.com.
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