SalMar - 2023 share-based incentive scheme for senior executives and key personnel
December 19 2023 - 10:30AM
SalMar - 2023 share-based incentive scheme for senior executives
and key personnel
In accordance with the authorization granted by
the AGM on 8 June 2023, the board of directors of SalMar ASA has
decided to establish a share-based incentive scheme (Restricted
Share Unit Plan) for senior executives and key personnel employed
by the company and its subsidiaries. The scheme encompasses up to
250 000 shares and has a duration of three years. The company's
liability with respect to the scheme will be met through existing
holdings of treasury shares. As of 19 December 2023, SalMar ASA
holds 488 256 treasury shares.
The purpose of the share-based incentive scheme (RSUP) is to
encourage employees to maintain a deep, long-term engagement in the
company, through a further alignment of the employees' interests
with those of other shareholders. Under the RSUP, participating
individuals will be awarded shares to motivate them to contribute
to the continued success and profitability of the company, as well
as deliver outstanding results. The RSUP will also enhance SalMar's
ability to attract and retain staff.
Under the RSUP, participants will receive, free of charge,
Restricted Share Units (RSUs), which, if certain predefined
performance criteria are met within an accrual period, will be
released and transferred to them as shares. The RSUP comprises
three accrual periods of one, two and three calendar years
respectively, with 2023 being the first year. Each accrual period
encompasses 1/3 of the total number of RSUs included in the scheme.
One RSU gives a contingent entitlement to one share.
The following criteria determine the award of RSUs during each
of the three accrual periods: - Award of 1/3 of the RSUs is
independent of any performance criteria - Award of 1/3 of the RSUs
depends on SalMar achieving a certain EBIT/kg more than other
aquaculture companies listed on the Oslo Stock Exchange during the
accrual period - Award of 1/3 of the RSUs depends on SalMar's
shares achieving a higher total shareholder return (TSR) than a
defined group of comparable companies during the accrual
period.
Accrual of RSUs under the scheme presumes that the individual is
an employee of SalMar or a participating subsidiary. The total gain
from released RSUs during one calendar year shall not exceed 100
per cent of the participant's basic salary. Under the scheme's
rules, the number of RSUs will be adjusted in the event of a
dividend payout in order to preserve, but not increase, the value
of the RSU allocation.
The RSUP goes into effect on 19 December 2023 and encompasses
senior executives and key personnel at SalMar and its
subsidiaries.
Restricted share units granted primary insiders 19 December
2023:
Frode Arntsen has received 4 024 RSUs in the Company Roger
Bekken has received 2 865 RSUs in the Company Eva Haugen has
received 1 386 RSUs in the Company Håkon Husby has received 1 039
RSUs in the CompanyIngvild Kindlihagen has received 478 RSUs in the
Company Runar Sivertsen has received 1 664 RSUs in the Company
Ulrik Steinvik has received 2 311 RSUs in the Company Arthur
Wisniewski has received 1 664 RSUs in the CompanySimon Søbstad has
received 1 941 RSUs in the Company Gunn Marit Sivertsen (related
party of primary insider) has received 733 RSUs in the Company
New holdings:
After completion of the abovementioned grant Frode Arntsen holds
9 131 RSUs in the Company. As of today the primary insider holds 6
962 shares in the Company.
After completion of the abovementioned grant Roger Bekken* holds
6 541 RSUs in the Company. As of today the primary insider holds 14
509 shares in the Company.
After completion of the abovementioned grant Eva Haugen holds 3
233 RSUs in the Company. As of today the primary insider holds 7
900 shares in the Company.
After completion of the abovementioned grant Håkon Husby holds 2
447 RSUs in the Company. As of today the primary insider holds 1
438 shares in the Company.
After completion of the abovementioned grant Ingvild Kindlihagen
holds 974 RSUs in the Company. As of today the primary insider
holds 46 shares in the Company.
After completion of the abovementioned grant Runar Sivertsen
holds 3 806 RSUs in the Company. As of today the primary insider
holds 4 314 shares in the Company.
After completion of the abovementioned grant Ulrik Steinvik**
holds 5 312 RSUs in the Company. As of today the primary insider
holds 120 478 shares in the Company.
After completion of the abovementioned grant Arthur Wisniewski
holds 3 888 RSUs in the Company. As of today the primary insider
holds 2 772 shares in the Company.
After completion of the abovementioned grant Simon Søbstad holds
4 338 RSUs in the Company. As of today the primary insider holds
604 shares in the Company.
After completion of the abovementioned grant Gunn Marit
Sivertsen (related party of primary insider) holds 1 469 RSUs in
the Company. As of today the primary insider holds 195 shares in
the Company.
* Owns 14 509 shares directly and indirectly through personal
relative.
** Owns 120 478 shares directly and indirectly through
personal related parties. Also owns 100 per cent of the shares in
Nordpilan AS. Nordpilan AS owns 0.2 per cent of the shares in
Kverva AS, which in turn through Kverva Industrier AS owns 45,4 per
cent of the shares in SalMar ASA.
For further information, please contact:
Håkon Husby, Head of Investor Relations Phone: + 47 936 30
449 E-mail: hakon.husby@salmar.no
This information is subject to the disclosure
requirements pursuant to Article 19 of the EU Market
Abuse Regulation and section 5-12 of
the Norwegian Securities Trading Act.
- Primary insider notification forms 11742050 1
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