Understanding Verkkokauppa.com Oyj's Managerial Transactions
Recent Managerial Transactions at Verkkokauppa.com Oyj
Verkkokauppa.com Oyj has recently made headlines with its managerial transactions, specifically involving Kati Riikonen, a member of the Board. This move comes as part of the company's commitment to transition its annual fee structure to include share-based incentives for its leadership. Such actions signify a strong trust in the company's future and a focus on aligning the interests of its management with those of its shareholders.
Board of Directors’ Share-Based Remuneration
According to the resolution passed at the Annual General Meeting, the management of Verkkokauppa.com Oyj will, as a standard practice, receive a portion of their annual fees in the form of shares. This approach is designed to not only reward board members but also to bind their success closely to the performance of the company itself. Kati Riikonen has recently benefitted from this policy, receiving a total of 5,287 shares as part of her compensation package.
Details of the Transaction
The transaction was officially categorized under the notification requirements outlined in EU Market Abuse Regulation Article 19. Riikonen’s role as a deputy member on the board underscores her importance in shaping the strategic decisions of the company. The shares were transferred on July 18, 2025, marking a significant step in Verkkokauppa.com’s commitment to modernizing its remuneration strategy.
Context of Share Incentives
Share-based incentives are increasingly becoming a norm among corporate boards as they ensure that management will be more engaged in delivering shareholder value. By receiving shares, board members like Riikonen have a direct stake in the company's performance, thus motivating them to work towards continuous improvement and customer satisfaction. This type of incentive aligns managerial efforts with the long-term success of Verkkokauppa.com Oyj.
About Verkkokauppa.com Oyj
Founded in 1992, Verkkokauppa.com Oyj stands as a prominent e-commerce platform in Finland, renowned for its fast deliveries and customer-centric approach. The company has made a notable impact in the market, offering a seamless online shopping experience that caters to over 1.7 million customers. In 2024, Verkkokauppa.com achieved a remarkable revenue of EUR 468 million and continues to employ around 600 dedicated professionals. This indicates not only its success but also its potential for future growth, especially in an evolving digital landscape that increasingly prioritizes online transactions.
Commitment to E-commerce Growth
Verkkokauppa.com is not just an e-commerce vendor; it represents a forward-thinking approach to retail that combines innovation with reliability. The company continually looks for streamlined processes and innovative solutions to exceed customer expectations, thereby creating a new standard for buying experiences not just in Finland, but globally. As they evolve, maintaining a keen focus on technology and satisfying customer needs remains paramount.
Contact Information
If you have any questions or need further information regarding these managerial transactions or the company's initiatives, feel free to reach out to Klaus Korhonen, Head of Legal. He is available via email at klaus.korhonen@verkkokauppa.com or by phone at +358 50 32 555 28.
Frequently Asked Questions
What are the recent managerial transactions at Verkkokauppa.com Oyj?
Recently, Kati Riikonen received 5,287 shares as part of her compensation from the board.
How does the share-based remuneration system work?
The system allows board members to receive part of their fees in shares, aligning their interests with the company’s performance.
Why is share-based compensation beneficial?
It motivates management to enhance shareholder value and connect their financial success with the company's performance.
What is the history of Verkkokauppa.com Oyj?
The company was founded in 1992 and has been a leader in e-commerce since its inception.
How can I contact Verkkokauppa.com Oyj for more information?
You can contact Klaus Korhonen via email or phone for any queries you have regarding transactions or corporate information.
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