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Nokia Corporation Message Board

  • dblagent2011 dblagent2011 Jul 30, 2012 12:00 PM Flag

    Nokia's top management has increased the company shares the last few days

    Translated by Google translate from Finnish to English (incl. some corrections):

    MTV3 News (Finnish news portal) has learned that President and CEO Stephen Elop has purchased the 275 000 new shares. He now owns a total of 425 000 Nokia shares.

    Chairman of the Board in May increased by Mr. Siilasmaa shares has increased more than 730 000. He is the last few days have bought a total of 330 000 Nokia shares.

    Siilasmaa and Elopin in addition to members of the Board Prof. Dr. Henning Kagermann, Helge Lund, Bruce Brown and Marten Mickos have bought more shares in Nokia.

    Nokia's share price was EUR 1.73 in the morning today.

    Acquisitions management seeks to reassure the markets for its commitment to the company.

    Nokia will also increase the stock option program, which targets a key role for higher-level employees. The company raises the ceiling of stock options 8.5 million to 11.5 million. Those rights will not be the CEO and Group Executive Board members.

    Rights to be distributed this year. Potential returns require a strategy and the successful completion of the share price rise in the long run.

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    • At these prices Elop has less than $1M worth of NOK shares. He had <$500K and added <$500K.

      Given his compensation package, that's not very much at all.

      Then again, he probably already has a ton of options as part of his pay package, so buying in the open market is a sign he thinks the stock has bottomed.

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