On January 14, 2026, three senior managers at Nokia Corporation received a cumulative 153,771 shares under the company’s equity incentive plan. Esa Niinimäki, an Other Senior Manager, was granted 28,784 shares; Raghav Sahgal, also an Other Senior Manager, received 89,000 shares; and Chief Financial Officer Marco Wirén was awarded 35,987 shares. These share-based incentives reflect the company’s ongoing strategy to align executive compensation with long-term performance metrics, with all awards granted outside a trading venue and priced at zero for the recipients.

The distribution of awards underscores Nokia’s emphasis on both financial oversight and operational leadership. CFO Marco Wirén’s 35,987-share allotment represents the largest allocation among finance leadership, reinforcing his role in steering Nokia’s balance sheet optimization and cost management initiatives. Meanwhile, the 89,000-share grant to Raghav Sahgal highlights the company’s focus on technology and product development, and the 28,784-share award to Esa Niinimäki recognizes his contribution to network infrastructure strategy. Each manager’s grant aligns with pre-established performance targets tied to revenue growth, adjusted EBITDA margins and strategic project milestones across fixed, mobile and transport network segments.

These share issuances will dilute existing equity by approximately 0.04%, based on Nokia’s total outstanding share count of roughly 4.1 billion. While modest in size, the grants signal management’s confidence in hitting key financial benchmarks for fiscal 2026, including double-digit revenue growth in its IP routing business and margin expansion in its mobile networks division. Investors should monitor Nokia’s upcoming quarterly report for confirmation that these performance metrics are on track, as underperformance could lead to share forfeiture or vesting adjustments under the incentive plan.