How does the size of this share transfer compare to previous equity incentive issuances by Nokia?
Short answer:
The information you’ve supplied tells us only about the current transfer of 449 890 NOKIA shares (about 1.23 % of the company’s total share count after the transfer) and does not give any figures for earlier equity‑based incentive issuances. Therefore, we cannot directly compare the size of this transfer with previous ones on the basis of the data you have provided.
Why a direct comparison isn’t possible with the current data
What we know from the release | What we don’t know (but would be needed for a comparison) |
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Date & time – 7 Aug 2025, 14:30 EEST (Espoo, Finland). | Exact numbers of previous incentive‑plan issuances (e.g., the number of shares granted under the November 2024 announcement, or any earlier grant rounds). |
Number of shares transferred now – 449 890 shares (transferred “without consideration” to participants of the equity‑based incentive plans). | Dates and sizes of past grant events (e.g., the 2024‑2025 “incentive‑plan issuance” that the Board referenced, or any earlier share‑based compensation events). |
Post‑transfer own‑share count – 36 709 538 shares (the total of shares that Nokia holds in its own treasury after this transaction). | Historical context – how many shares were in the treasury before each previous issuance, or what percentage of total equity each prior issuance represented. |
Reason for transfer – to settle the company’s commitments under the equity‑based incentive plans (as per the Board resolution dated 22 Nov 2024). | Any other corporate‑action details that could affect the comparison (e.g., simultaneous cash‑settlement, share‑buybacks, or share‑split events). |
Because the previous issuances are not disclosed in the excerpt (and no historical data are included in the news feed you shared), we cannot calculate:
- Whether 449 890 shares is larger, smaller, or roughly the same as prior grant amounts.
- What percentage of the total equity‑based incentives this figure represents relative to earlier rounds.
- Whether this represents a new “record‑size” grant or a routine, “small‑ish” tranche.
What you can infer from the information that is available
Relative size to total own‑share holdings
- The transfer represents ≈ 1.23 % of Nokia’s own‑share balance after the transaction (449 890 ÷ 36 709 538 × 100).
- In absolute terms, 449 890 shares are a very small fraction of the total shares outstanding (which is over 2 billion – the exact number of listed shares isn’t given, but Nokia’s market‑cap‑related share count is in the billions). Hence, from a total‑company perspective it is a modest, “routine‑size” issuance.
- The transfer represents ≈ 1.23 % of Nokia’s own‑share balance after the transaction (449 890 ÷ 36 709 538 × 100).
Nature of the transfer
- The shares were transferred “without consideration”, i.e. as a grant (not a purchase or market‑sale).
- This is the typical way an equity‑incentive plan is settled: the company issues new shares from its treasury to meet grant obligations.
- The shares were transferred “without consideration”, i.e. as a grant (not a purchase or market‑sale).
Implication of “the Board’s resolution”
- The Board previously announced, on 22 November 2024, that it would issue shares to settle commitments.
- The 7 Aug 2025 transaction is the implementation of that earlier decision. The amount (449 890) is therefore the actual, final number of shares needed to fulfill the outstanding commitments at this point in time.
- The Board previously announced, on 22 November 2024, that it would issue shares to settle commitments.
How to obtain a proper comparison
If you want a quantitative comparison (e.g., “this is 30 % larger than the 2023 grant, which was 350 000 shares” or “it is the smallest grant since 2020”), you would need to locate the specific press releases, stock‑exchange announcements, or regulatory filings that disclose previous equity‑incentive‑plan issuances. Typical sources are:
Source | What to look for |
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Nokia’s Investor Relations page (press‑release archive) | Past “Equity‑Based Incentive Plan” announcements (dates, number of shares issued). |
Regulatory filings (e.g., Finnish “Mediatiedot” or “Form 8‑K” equivalents) | Detailed tables of “share‑based compensation” for each fiscal year. |
Financial‑data providers (Bloomberg, Refinitiv, FactSet) | Historical corporate‑action history for ticker NOK (look for “Equity Incentive Plan” events). |
News‑wire services (PR Newswire, Business Wire) | Archived news releases about “Nokia equity incentive plan” (usually include the number of shares granted). |
Annual reports | Section on “Share‑based compensation” with cumulative figures for each year. |
Once you have those numbers, you can:
- List each prior grant (date, number of shares, % of total outstanding at the time).
- Calculate the relative size:
[ \text{Relative size} = \frac{\text{Current transfer}}{\text{Prior grant}} \times 100\% ] - Assess trend (e.g., increasing, decreasing, or stable).
- Interpret the significance (e.g., a larger grant may indicate a more aggressive retention strategy, while a smaller one may reflect a smaller pool of participants or a more conservative approach).
Summary
- The current transfer is 449 890 shares, equal to about 1.23 % of Nokia’s own‑share balance after the transfer.
- No data about earlier equity‑incentive issuances are included in the provided news, so a direct, numeric comparison cannot be made from this single release.
- To make a meaningful comparison, you will need to retrieve the historical numbers from Nokia’s prior incentive‑plan announcements (e.g., the November 2024 announcement, previous years’ grant announcements, or the company’s annual report).
Once you have those historical figures, you can simply compare the 449 890‑share transfer to the earlier amounts (e.g., “the November 2024 plan issued 2 M shares; therefore, today’s transfer is roughly 22 % of that previous issuance”), and you’ll be able to answer the question definitively. If you can provide those historic numbers, I’ll gladly crunch the numbers for you.