Primary insiders purchase shares under Long Term Incentive program

Following approval by Norsk Hydro ASA’s Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board, respectively, in 2010.

May 13, 2011

The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.

The following primary insiders have on May 13, 2011, acquired Hydro shares under the abovementioned program at NOK 46.01 per share.

  Acquired shares New holding
President and CEO Svein Richard Brandtzæg 16,454  52,847
Executive Vice President and CFO Jørgen
C. Arentz Rostrup
7,564 17,902
Executive Vice President Tom Røtjer 6,896 29,846
Executive Vice President Wenche Agerup 5,100 10,637
Executive Vice President Hans-Joachim Kock 5,825 13,325
Executive Vice President Oliver Bell  11,415 14,415
Executive Vice President Kjetil Ebbesberg 6,979 8,033
Executive Vice President Arvid Moss  7,136 73,457
Executive Vice President Hilde Merete Aasheim 7,048 11,112
Executive Vice President Johnny Undeli 8,150 11,632

A total of 88,530 shares have been sold by Hydro to the participants in the Long Term Incentive program. Hydro holds 32,539,257 own shares after this transaction and the number of outstanding shares is 2,036,459,019.

  • Investor contact
    Contact     Stian Hasle
    Cellular     +47 97736022

  • Press contact
    Contact      Halvor Molland
    Cellular     +47 92979797

Updated: October 11, 2016