Nokia (NYSE: NOK) Board paid partly in shares after AGM decision

Rhea-AI Filing Summary

Nokia Corporation filed a Form 6-K detailing managers’ transactions in its shares. Following a resolution by the 9 April 2026 Annual General Meeting that approximately 40% of Board members’ annual fees be paid in Nokia shares, stock was purchased on 4 May 2026 on NASDAQ Helsinki for several directors.

Board Chair Timo Ihamuotila received 15,770 shares as a share-based incentive. Other Board members received similar awards, including Thomas Saueressig with 7,278 shares, Elizabeth Crain with 7,625 shares, and Lisa Hook with 7,278 shares. Additional grants went to Kai Öistämö, Timo Ahopelto, Pernille Erenbjerg, Mike McNamara, Meredith Whittaker, and Thomas Dannenfeldt, aligning their compensation partly with Nokia’s equity.

Key Figures

Shares to Board Chair Timo Ihamuotila: 15,770 shares Shares to Board member Thomas Saueressig: 7,278 shares Shares to Board member Elizabeth Crain: 7,625 shares +6 more

9 metrics

Shares to Board Chair Timo Ihamuotila 15,770 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Thomas Saueressig 7,278 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Elizabeth Crain 7,625 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Lisa Hook 7,278 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Kai Öistämö 7,451 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Pernille Erenbjerg 7,798 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Mike McNamara 7,278 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Meredith Whittaker 6,758 shares Receipt of share-based incentive on 4 May 2026

Shares to Board member Thomas Dannenfeldt 7,971 shares Receipt of share-based incentive on 4 May 2026

Key Terms

Market Abuse Regulation, share-based incentive, Annual General Meeting, Legal Entity Identifier, +1 more

5 terms

Market Abuse Regulation regulatory

"Transaction notification under Article 19 of EU Market Abuse Regulation."

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

share-based incentive financial

"Nature of the transaction RECEIPT OF A SHARE-BASED INCENTIVE"

Share-based incentive is a form of pay where a company rewards employees, executives or directors with company stock or rights to buy stock instead of, or in addition to, cash. It matters to investors because it aligns staff incentives with shareholder outcomes—like paying team members with slices of the same cake they are meant to grow—while increasing the number of shares outstanding, which can reduce each existing share’s claim on profits and affect reported earnings per share.

Annual General Meeting regulatory

"On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved"

Legal Entity Identifier regulatory

"Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06"

A legal entity identifier (LEI) is a unique, standardized code that functions like a global ID card for businesses and organizations involved in financial markets. It helps investors and regulators reliably identify who is on the other side of a deal, trace ownership and links between firms, and reduce confusion or fraud — improving transparency for reporting, risk assessment, and cross-border trades.

Form 6-K regulatory

"FORM 6-K Report of Foreign Private Issuer"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

Report on Form 6-K dated May 4, 2026

(Commission File No. 1-13202)

Nokia Corporation

Karakaari 7

FI-02610 Espoo

Finland

(Translation of the registrant’s name into English and address of registrant’s principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F: x Form 40-F: ¨

Enclosures:

· Managers’ Transactions, ten separate releases (Ihamuotila, Sauressig, Crain, Hook, Öistämö, Ahopelto, Erenbjerg, McNamara, Whittaker, Dannenfeld)

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Ihamuotila)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board Chair.

Person subject to the notification requirement

Name: Ihamuotila, Timo

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154870/4/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 15770 Unit price: N/A

Aggregated transactions

(1): Volume: 15770 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Saueressig)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Saueressig, Thomas

Position: Member of the Board

Issuer: Nokia Corporation 

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154906/4/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7278 Unit price: N/A

Aggregated transactions

(1): Volume: 7278 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com 

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Crain)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Crain, Elizabeth

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154895/5/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7625 Unit price: N/A

Aggregated transactions

(1): Volume: 7625 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Hook)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Hook, Lisa 

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154912/5/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7278 Unit price: N/A

Aggregated transactions

(1): Volume: 7278 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Öistämö)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Öistämö, Kai

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154901/4/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7451 Unit price: N/A

Aggregated transactions

(1): Volume: 7451 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com 

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Ahopelto)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Ahopelto, Timo

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154868/6/6

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7278 Unit price: N/A

Aggregated transactions

(1): Volume: 7278 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Erenbjerg)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Erenbjerg, Pernille

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154909/5/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7798 Unit price: N/A

Aggregated transactions

(1): Volume: 7798 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (McNamara)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: McNamara, Mike

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154898/4/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7278 Unit price: N/A

Aggregated transactions

(1): Volume: 7278 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Whittaker)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board Chair.

Person subject to the notification requirement

Name: Whittaker, Meredith

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154910/4/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 6758 Unit price: N/A

Aggregated transactions

(1): Volume: 6758 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

  Stock exchange release   4 May 2026 1 (1)

Nokia Corporation
Managers’ transactions
4 May 2026 at 19:00 EEST

Nokia Corporation - Managers' transactions (Dannenfeldt)

Transaction notification under Article 19 of EU Market Abuse Regulation.

On 9 April 2026, the Annual General Meeting of Nokia Corporation resolved that approximately 40% of the annual fee of the Board members be paid in Nokia shares. In accordance with this resolution, the following shares have been purchased for and on behalf of the Board member.

Person subject to the notification requirement

Name: Dannenfeldt, Thomas

Position: Member of the Board

Issuer: Nokia Corporation

LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION

Reference number: 154904/5/4

Transaction date: 2026-05-04

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009000681

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 7971 Unit price: N/A

Aggregated transactions

(1): Volume: 7971 Volume weighted average price: N/A

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

Inquiries:

Nokia Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Vice President, Corporate Communications

Nokia

Investor Relations

Phone: +358 931 580 507

Email: investor.relations@nokia.com

www.nokia.com

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 4, 2026	Nokia Corporation
	By:	/s/ Johanna Mandelin
	Name:	Johanna Mandelin
	Title:	Vice President, Corporate Legal

FAQ

What manager share transactions did Nokia (NOK) disclose in this Form 6-K?

Nokia disclosed that several Board members received Nokia shares on 4 May 2026 as part of their annual fees. These transactions were classified as the receipt of a share-based incentive and executed on NASDAQ Helsinki in accordance with a prior shareholder resolution.

Why did Nokia (NOK) Board members receive part of their fees in shares?

Nokia’s Annual General Meeting on 9 April 2026 resolved that approximately 40% of Board members’ annual fees be paid in Nokia shares. This structure aligns Board compensation with shareholder interests by delivering a portion of remuneration directly in company equity rather than only in cash.

How many Nokia shares did Board Chair Timo Ihamuotila receive?

Board Chair Timo Ihamuotila received 15,770 Nokia shares as a share-based incentive. These shares were purchased for and on his behalf on 4 May 2026 on NASDAQ Helsinki, reflecting the policy that part of Board compensation is delivered in Nokia stock.

Which other Nokia (NOK) Board members received share-based incentives and in what amounts?

Several directors received Nokia shares on 4 May 2026, including Thomas Saueressig and Lisa Hook with 7,278 shares each, and Elizabeth Crain with 7,625 shares. Other Board members, such as Kai Öistämö and Pernille Erenbjerg, also received grants in similar volumes as part of their fees.

On which market were the Nokia (NOK) Board fee shares acquired?

The Nokia shares used to pay part of the Board’s annual fees were acquired on NASDAQ Helsinki (XHEL). Transactions for each Board member were recorded on 4 May 2026, with the nature of each transaction classified as receipt of a share-based incentive under EU Market Abuse Regulation rules.

Under which regulation were these Nokia (NOK) managers’ transactions reported?

The transactions were reported as notifications under Article 19 of the EU Market Abuse Regulation. This framework requires detailed public disclosure when persons discharging managerial responsibilities, such as Nokia Board members, transact in the company’s shares or related financial instruments.