Nokia Board Member Receives Shares as Part of Compensation Package

Overview of Share Compensation#

Meredith Whittaker, a member of Nokia Oyj's board, has received 6,758 shares as part of her annual compensation. This transfer occurred on Monday and is in line with Nokia's policy to pay a portion of board members' fees in shares.

Decision from Annual General Meeting#

The decision to compensate board members with shares was made during Nokia's annual general meeting held on April 9, 2026. Approximately 40% of the annual fees for board members will now be paid in Nokia shares, aligning their interests with those of shareholders.

Regulatory Disclosure#

This share transaction was disclosed under Article 19 of the Market Abuse Regulation. This regulation requires individuals in managerial positions to notify the public of their transactions. The notification was classified as an initial report, with reference number 154910/4/4.

Understanding Share-Based Compensation#

The shares received by Whittaker are identified by the ISIN code FI0009000681 and are categorized as share-based compensation. This means they were granted as part of her payment package rather than purchased on the market. No specific price was mentioned in the disclosure since this transaction is not a cash purchase but rather a compensation arrangement.

Nokia, a leading telecommunications equipment manufacturer, specializes in providing network infrastructure solutions for various types of networks, including fixed, mobile, and cloud services.