Elop has been criticized for being slow at investing in Nokiashares. It is more of symbolic gesture than anything else, but it always sends positive or negative signal to investors depending on how the top executives are investing their own money.
Nokia’s top leader team seems to have been shopping some Nokia stock as Elop registered to have bought 275 000 Nokia shares, in total he is holding 425 000 shares as today.
Also 2 member from board of directors increased their stakes, including Nokia’s new chairman, Risto Siilasmaa.
Nokia also increased it’s employee stock option plans in a effort to keep key people in Nokia and also make their effort shown more on their paycheck. Nokia’s employee stock option plan increased from 8,5 million shares to 11,5 million shares.
Executives, CEO are not included in this plan, but to people Nokia considers to be important executing their strategy.
Additional shares may not be granted for the CEO [Stephen Elop] or the Nokia Group Executive Board members, but the upper level of the employees, which are central to Nokia’s strategy for carrying out our strategy. – Nokia
It’s all good effort from Nokia and hopefully we will see some these people benefiting after Nokia outs it’s Windows Phone strategy to full swing in Nokia World 2012.