- Norsk Hydro (NHYDY, Financial) executives receive shares under the Long-Term Incentive program.
- Norwegian employees offered a 50% discount on share purchases.
- CEO Eivind Kallevik adds 13,731 shares to his holdings.
Norsk Hydro (NHYDY) has implemented share allocations to its Executive Leadership Team as part of its Long-Term Incentive (LTI) plan. Shares were distributed at a price of NOK 66.86 with a maximum remuneration set at 30% of the executive's annual base salary, depending on performance metrics such as Hydro's three-year average adjusted Return on Average Capital Employed (RoaCE) and Total Shareholder Return compared to industry peers.
In addition to the executive incentives, Norsk Hydro has offered its Norwegian employees a significant discount to purchase shares. This employee share purchase program enables employees to buy shares valued at NOK 14,976.64 at a 50% discount, pricing the shares at NOK 33.43 each. This initiative emphasizes the company's commitment to employee engagement and ownership.
Significant allocations include CEO Eivind Kallevik acquiring 13,507 shares through the LTI plan and an additional 224 shares via the employee share purchase, resulting in a new total of 111,605 shares. Other notable acquisitions include Paul Warton, EVP of Hydro Extrusions, with 16,840 LTI shares, and John Thuestad, EVP of Bauxite & Alumina, with 13,828 shares.
