On 14 January 2026, Nokia Corporation granted share-based incentive awards to three senior managers under its long-term remuneration program. Esa Niinimäki, Other Senior Manager, received 28,784 shares; Raghav Sahgal, Other Senior Manager, was granted 89,000 shares; and Marco Wirén, Chief Financial Officer, was awarded 35,987 shares. These initial notifications were filed under Article 19 of the EU Market Abuse Regulation and reflect the company’s continued focus on aligning executive interests with shareholder value through equity compensation.

The total volume of 153,771 shares allocated represents a meaningful portion of the annual equity pool and underscores Nokia’s commitment to rewarding leadership contributions in advancing its connectivity portfolio. By distributing awards outside a trading venue, the company emphasizes the strategic nature of these incentives, designed to retain top talent and drive performance in fixed, mobile and transport network segments as Nokia positions itself for growth in 6G, AI-driven services and enterprise solutions.

Investors may view these insider allocations as a signal of management’s confidence in Nokia’s long-term prospects and future cash-flow generation. The equity awards vest over multi-year cycles, reinforcing retention and incentivizing delivery on key milestones such as network infrastructure rollouts and profitability improvements. From a governance perspective, the transactions demonstrate adherence to transparency requirements and strengthen alignment between senior leadership and shareholder interests, enhancing oversight of Nokia’s strategic roadmap.