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A senior Nokia executive has increased his exposure to the Finnish telecom equipment maker through two share purchases worth a combined roughly $1.1 million, marking the company’s largest insider purchase disclosed so far this year.
Konstanty Owczarek, Nokia’s chief corporate development officer, acquired 32,595 shares on May 22 at an average price of $15.35 on the New York Stock Exchange, a transaction worth about $500,000. Four days later, he purchased another 37,405 shares at $15.99 per share, worth nearly $598,000. The two transactions amount to 70,000 shares bought in less than a week.
The purchases stand out not only for their size, but also because large-scale insider buying remains relatively uncommon among large European technology companies outside compensation-related programs. Nokia’s only larger manager transaction this year moved in the opposite direction. In March, Chief Customer Officer Raghav Sahgal disclosed a €1 million share disposal after selling 150,000 shares at an average price of €6.71 each.
Owczarek joined Nokia in 2025 after a career spanning investment banking, corporate strategy, mergers and acquisitions, and AI infrastructure. Before Nokia, he held senior leadership roles at Hewlett Packard Enterprise’s AI and high-performance computing business and at insurer AIG, where he led strategy and M&A functions. Earlier in his career, he worked in investment banking in New York, including within Bear Stearns’ technology, media, and telecom group.
The timing also aligns with stronger momentum at Nokia. In its first-quarter results, the company reported 4 percent comparable revenue growth and a 54 percent increase in comparable operating profit, supported by accelerating demand from AI and cloud customers.
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