Nokia, AT&T, BofA and Sprint Nextel Headline Heaviest Stock Volume Movers Jan 26th

Nokia Corporation (NYSE:NOK): Nokia’s Board of Directors has approved the Nokia Equity Program 2012 consisting of Performance Shares, dependent on the achievement of two independent financial performance criteria; Restricted Shares, used together with Performance Shares; and Stock options, used on a more limited basis. Approximately 4 500 employees are expected to participate in the Program. Nokia shares will be delivered provided that the financial performance reaches at least one of the required threshold levels measured by average annual net sales and earnings per share for the performance period. The threshold and maximum levels for the Plan are scheduled to be determined and disclosed during Q1. The Plan has a two-year performance period (2012-2013) and a subsequent one-year restriction period. As of December 31, 2011, the total maximum dilution effect of Nokia’s equity program currently outstanding, assuming that the performance shares would be delivered at maximum level, is approximately 1.8 %. The potential maximum effect of the Nokia Equity Program 2012 would be approximately another 1.6 %. The performance period for the Performance Share Plan 2009 ended on December 31, 2011, and there will be no settlement to the participants under the plan as the threshold performance criteria of EPS and Average Annual Net Sales Growth were not met.

AT&T Inc. (NYSE:T): AT&T said it is well positioned to deliver solid revenue and earnings growth with improving margins while returning substantial value to shareowners. In 2012, AT&T expects continued consolidated revenue growth, including postpaid wireless ARPU growth around 2% for the year. The company also expects to expand consolidated and wireless margins while keeping wireline margins stable. Achieving these targets will lead to mid-single-digit or better earnings growth with an opportunity to accelerate earnings growth beyond 2012. little economic lift is assumed with these expectations, AT&T said.

Bank of America Corp (NYSE:BAC): Bank of America (NYSE:BAC) is looking to pay more of its employees’ end of year bonuses in the form of stocks, following a difficult year on Wall Street, according to the Wall Street Journal.

Sprint Nextel Corporation (NYSE:S): AT&T (NYSE:T) is complaining that changes to Sprint’s (NYSE:S) network in Oklahoma and Kansas will see it shut down some of its own coverage in favor of roaming agreements, which Sprint disputed in its own reply, reported The Verge. AT&T noted that the FCC regulations that allowed the network changes are going before an appeals court later this year, the report added.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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