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Veidekke ASA: Options issued, and options exercised for senior executives

Options issued:

In accordance with the AGM 5 May 2021 the Board of Directors of Veidekke ASA offered 1 044 Veidekke employees a total of 1,349,562 new share options. 539 employees accepted the offer and are now enrolled in the share option program. Following this enrolment process 979,900 new share options were awarded.

To participate the participants must pay 1 NOK per option.

The strike price for the options awarded on 18 May 2021 is NOK 122.01.

The options will vest over one (25% of the options), two (25% of the options) and three (50% of the options) years from grant. All unexercised options will lapse five years after grant.

The options are non-tradable and conditional upon the option holder being employed by the Company and not having resigned prior to the vesting date.

Shares acquired through the program will have a sales restriction on one year after exercise.

Options exercised:

A total of 266 participants in the Company's share option program have on 18 May 2021 exercised a total of 118,200 options at strike price NOK 62.11.

A total of 316 participants in the Company's share option program have on 18 May 2021 exercised a total of 83,491 options at strike price NOK 57.80.

The following primary insiders have exercised options:

Hans Olav Sørlie has exercised 750 options and bought 250 shares at NOK 57.80 per share and 500 shares at NOK 62.11 per share.

The following primary insiders have been awarded options under the share option program of 2021:

Executive Vice President: Hans Olav Sørlie

Options awarded: 2,000

Total options held: 4,000
Shares held: 73,437

Group elected representative: Arve Fludal

Options awarded: 2,000

Total options held: 3,000
Shares held: 8,649

Executive Vice President, CFO: Jørgen Wiese Porsmyr

Options awarded: 2,000

Total options held: 3,000
Shares held: 110,657

Group CEO: Jimmy Bengtsson

Options awarded: 2,000

Total options held: 3,000
Shares held: 50,587

CEO Hoffmann A/S: Torben Bjørk Nielsen

Options awarded: 2,000

Total options held: 3,000
Shares held: 80,362

Finance director: Siv Hege Solheim

Options awarded: 2,000

Total options held: 2,750
Shares held: 9,712

Executive Vice President: Øivind Larsen

Options awarded: 2,000

Total options held: 3,000
Shares held: 9,447

Executive Vice President: Terje Larsen

Options awarded: 2,000

Total options held: 3,000
Shares held: 112,373

Executive Vice President: Anne Thorbjørnsen

Options awarded: 2,000

Total options held: 4,750
Shares held: 30,952

Executive Vice President: Kristina Andreasson

Options awarded: 2,000

Total options held: 2,750
Shares held: 2,927

For further information, please contact: Jørgen Wiese Porsmyr, CFO, +47 907 59 058, Jorgen-Wiese.Porsmyr@veidekke.no

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

 

Source: Cision
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