Members of Hydro’s Corporate Management Board and primary insiders have received shares in Hydro via the Long-Term Incentive plan and the employee share purchase program.
Long-Term Incentive plan
The two performance measures are 1.) Hydro's three year average adjusted RoaCE relative to Hydro's adjusted RoaCE target, with adjusted RoaCE based on market value of equity, and 2.) Hydro's three year Total Shareholder Return (TSR) relative to a group of peers.
The LTI payment is conditional on Hydro having a positive adjusted EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and they must hold the shares for at least three years.
The list below sets out the primary insiders that on
Sale of shares to employees
Primary insiders in Hydro have also agreed to purchase shares under a general arrangement offered to employees employed by Hydro in
All employees in
The following primary insiders have purchased shares under the LTI program and under the employee share plan:
Position | Acquired shares LTI plan | Acquired shares employee share plan | New holding | |
President & CEO | 21 725 | 265 | 163 282 | |
EVP, Hydro Energy | 10 887 | 265 | 195 509 | |
EVP, Hydro Aluminium Metal | 12 227 | 265 | 97 874 | |
EVP, Legal and Compliance | 8 858 | 265 | 51 542 | |
EVP, Hydro Bauxite & Alumina | 17 715 | 265 | 93 403 | |
Hilde Vestheim Nordh | EVP, People & HSE | 8 141 | 530* | 44 038 |
EVP, Hydro Extrusions | 19 767 | 36 198 | ||
Therese Rød Holm | EVP, Communication & Public Affairs | 7 327 | 265 | 8 869 |
CFO (acting) & EVP, Corporate Development | 9 111 | 265 | 15 148 |
*Including shares acquired under the employee share plan by close relative.
Investor contact:
Martine Rambøl Hagen
+47 91708918
Martine.Rambol.Hagen@hydro.com
Media contact:
+47 92979797
Halvor.Molland@hydro.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Attachments
- KRT-1500-
Anne-Lene Midseim -
KRT-1500-
Arvid Moss -
KRT-1500-
Eivind Kallevik -
KRT-1500-
Hilde Merete Aasheim -
KRT-1500-
John Thuestad -
KRT-1500-
Paul Warton -
KRT-1500-
Therese Rod Holm - KRT-1500-Hilde Vestheim Nordh
- KRT-1500-
Trond Olaf Christophersen
Source:
2024 GlobeNewswire, Inc., source