Nokia Transfers 6.3 Million Own Shares to Its Employees

Details of the Share Transfer

Nokia Corporation has completed a transfer of 6,332,357 self-held shares to participants of its share-based incentive programs without any financial consideration. This action is part of the execution of these plans' rules following a resolution adopted by the board of directors on October 2, 2025. This decision was aimed at using the company's self-held shares to fulfill its commitments to the beneficiaries of these stock compensation schemes. The transfer was carried out without any cash payment from the beneficiaries, in accordance with the terms set by the ongoing programs. The company clarifies that this allocation is a normal part of its policy of stock-based compensation for its employees and executives.

Impact on Nokia's Own Share Holdings

Following this transaction, Nokia Corporation now holds 141,914,507 own shares in its portfolio, according to information provided by the group. This level of holding represents a mechanical reduction related to the transfer made on January 14 in favor of the participants in the incentive plans.

Purpose of the Share Allocation

The allocation of these shares is part of Nokia's variable compensation policy, which includes equity-based incentive schemes. The Finnish group, which positions itself as a global player in connectivity for the era of artificial intelligence with expertise in fixed, mobile, and transport networks, regularly uses this type of mechanism to align the interests of its employees with those of the shareholders. The board of directors' resolution in October 2025 had planned the use of self-held shares to meet the commitments related to these plans, rather than issuing new shares, which would have resulted in capital dilution.