Nordea Bank Announces Share-Based Incentive Transaction for Chief Audit Executive Virpi Vuorinen

Nordea Bank Abp disclosed a manager's transaction involving its Chief Audit Executive, Virpi Vuorinen, on 5 April 2024. Vuorinen received a total of 1,911 shares in Nordea Bank as part of a share-based incentive scheme. This transaction falls under the guidelines of the Market Abuse Regulation and emphasizes Nordea's commitment to aligning the interests of its executives with those of its shareholders.

The transaction, which occurred outside of a trading venue, saw Vuorinen acquiring these shares at no cost, indicating the incentive nature of this reward. As a significant aspect of compensation for senior managers, such share-based incentives are crucial for motivating and retaining key personnel within the bank. Nordea published this transaction as an obligatory disclosure, underlining the transparency and regulatory compliance of its operations.

Nordea Bank continues to provide information about transactions involving senior management to ensure openness in its dealings and to comply with European Union's Market Abuse Regulation. This measure not only enhances shareholder trust but also showcases the bank's commitment to good corporate governance practices.