Aker BP awards shares and issues new grants under LTIP programme
Aker BP has finalised share awards under its 2022-2025 Long-Term Incentive Programme (LTIP) and initiated new grants for the 2025-2028 cycle. The LTIP is designed to align executive performance with long-term shareholder value creation.
About the LTIP The LTIP is a share-based programme for the Executive Management Team (EMT). Grants are awarded annually, vest over three years, and are subject to a one -year lock-up. Each grant corresponds to one underlying share, with the number of grants equal to 20 percent of base salary divided by the Aker BP share price at the time of award.
Final share delivery is adjusted by up to +/- 100 percent based on relative shareholder return and dividends paid during the vesting period, as detailed in Aker BP's Annual Report.
Completion of 2022-2025 cycle Shares have now been awarded to EMT members in accordance with programme terms. The final number reflects adjustments for dividend payments and relative shareholder return performance.
New grants for 2025-2028 Effective 1 July 2025, EMT members have received new grants under the 2025-2028 LTIP cycle.
Executive Management Team LTIP awards
Name Shares awarded Grants (2022-25) (2025-28) Talar Arif - 1,693 Marit Blaasmo 415 2,597 Ine Dolve 521 2,422 Paula Doyle 575 3,155 Karl Johnny Hersvik 1,398 7,751 Thomas Hoff-Hansen 392 2,625 Lars Høier 524 2,898 Per Harald Kongelf 602 3,583 Marte Mogstad - 2,713 Ole Johan Molvig 535 2,879 Torbjørg Opedal - 2,258 Knut Sandvik 528 2,919 Tommy Sigmundstad 545 3,011 Petter Sørhaug - 2,558 David Tønne 544 3,640 Georg Vidnes 396 2,581 Thomas Øvretveit 361 2,349
The PDMR disclosure forms can be found in the attachment (https://mb.cision.com/Public/1629/4258570/97d4da7bfe069b54.pdf).
Treasury shares Aker BP will transfer 7,743 shares related to the 2022-2025 LTIP awards. After these transfers, the company will hold 283,938 treasury shares.
Contacts: Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889 Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
About Aker BP: Aker BP is a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates the Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall field centres and is a key partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP. For more information, visit www.akerbp.com/en.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.