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Primary insiders have been allocated shares under the Long-Term Incentive program

Norsk Hydro ASA has a share-based Long-Term Incentive program (“LTI”) in the form of a maximum remuneration of 30 percent of the annual base salary, dependent on two equally weighted performance metrics for the President and CEO and the other members of the Corporate Management Board.

The two performance measures are 1) Hydro’s three-year average adjusted RoaCE relative to Hydro’s adjusted RoaCE target and 2) Hydro’s three-year Total Shareholder Return (TSR) relative to a basket of peers.

The LTI payment is conditional on Hydro having a positive adjusted EBITDA 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 May 6, 2022, have been allocated Hydro shares under the LTI plan at NOK 88.03 per share.

Name

Allocated shares LTI plan

New holding

Executive Vice President Corporate Development: Helena Nonka

1 528

1 528

Executive Vice President Hydro Extrusions: Paul Warton

3 838

3 838

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Kontakte

Line Haugetraa

Line Haugetraa

Head of Investor Relations

halvor molland

Halvor Molland

Senior vice president, Group Communication

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