BlueNord ASA's Long-Term Incentive Scheme Unveils Performance Share Grant Details
In a significant move to enhance executive performance and retention, BlueNord ASA has announced new grants of performance shares associated with its Long-Term Incentive Scheme (LTI). The announcement, which builds on previous communications from September 2022, outlined an allocation of 67,452 BlueNord shares to key executives of the company.
Euan Shirlaw, one of the highlighted executives, has been granted a maximum of 11,673 shares, increasing his potential total under the LTI program to 34,901 shares pre-tax. This serves to underline his vital role within the organization, as he currently holds 45,114 ordinary shares. Shirlaw’s allocation not only demonstrates trust in his capabilities but also aligns his interests closely with those of the shareholders, creating a cohesive focus on long-term company performance.
Jacqueline Lindmark Boye, who has also showcased her contributions to BlueNord, has received a maximum of 7,286 shares, raising her total potential allocation to 19,329 shares before taxes. Holding just 1,740 ordinary shares of the company, Boye's compensation reflects her growing responsibilities and the company's belief in her leadership.
Miriam Jager Lykke and Cathrine F. Torgersen are also significant players within the BlueNord executive team, receiving allocations of 5,413 and 5,100 performance shares, respectively. This brings Lykke's total potential allocation to 10,786 shares and Torgersen’s to 15,535 shares, aligning with their current ordinary share holdings of 2,302 and 19,507 shares, respectively.
The performance shares, as a part of BlueNord's 2025 LTI program, feature a three-year vesting period, with the exact entitlements and allocations evaluated annually. This structured approach promotes sustained performance and accountability among executives while ensuring that the company's growth trajectory aligns with employee incentives.
For stakeholders and investors, this announcement reflects a commitment to engaging and retaining top talent, emphasizing that the success of BlueNord is inherently linked to its people. As more companies recognize the value of aligning compensation with performance outcomes, BlueNord’s initiative could serve as a model for best practices in executive compensation.
This decision comes amid ongoing discussions within the Norwegian Securities Trading Act frameworks regarding transparency and accountability in executive pay structures. Stakeholders are increasingly focusing on the long-term impacts of compensation packages on corporate governance and performance sustainability.
In conclusion, BlueNord ASA is taking steps to not only reward its key executives but also to ensure that their interests are aligned with those of the shareholders as the company navigates its future in the ever-competitive energy sector. For more information about the terms and specifics of the LTI scheme, reference the Executive Remuneration Report 2024 and BlueNord's previous announcements from September 2022.
For inquiries or further information, individuals are encouraged to reach out to Cathrine Torgersen, Chief Corporate Affairs Officer at BlueNord, via phone or email.
Euan Shirlaw, one of the highlighted executives, has been granted a maximum of 11,673 shares, increasing his potential total under the LTI program to 34,901 shares pre-tax. This serves to underline his vital role within the organization, as he currently holds 45,114 ordinary shares. Shirlaw’s allocation not only demonstrates trust in his capabilities but also aligns his interests closely with those of the shareholders, creating a cohesive focus on long-term company performance.
Jacqueline Lindmark Boye, who has also showcased her contributions to BlueNord, has received a maximum of 7,286 shares, raising her total potential allocation to 19,329 shares before taxes. Holding just 1,740 ordinary shares of the company, Boye's compensation reflects her growing responsibilities and the company's belief in her leadership.
Miriam Jager Lykke and Cathrine F. Torgersen are also significant players within the BlueNord executive team, receiving allocations of 5,413 and 5,100 performance shares, respectively. This brings Lykke's total potential allocation to 10,786 shares and Torgersen’s to 15,535 shares, aligning with their current ordinary share holdings of 2,302 and 19,507 shares, respectively.
The performance shares, as a part of BlueNord's 2025 LTI program, feature a three-year vesting period, with the exact entitlements and allocations evaluated annually. This structured approach promotes sustained performance and accountability among executives while ensuring that the company's growth trajectory aligns with employee incentives.
For stakeholders and investors, this announcement reflects a commitment to engaging and retaining top talent, emphasizing that the success of BlueNord is inherently linked to its people. As more companies recognize the value of aligning compensation with performance outcomes, BlueNord’s initiative could serve as a model for best practices in executive compensation.
This decision comes amid ongoing discussions within the Norwegian Securities Trading Act frameworks regarding transparency and accountability in executive pay structures. Stakeholders are increasingly focusing on the long-term impacts of compensation packages on corporate governance and performance sustainability.
In conclusion, BlueNord ASA is taking steps to not only reward its key executives but also to ensure that their interests are aligned with those of the shareholders as the company navigates its future in the ever-competitive energy sector. For more information about the terms and specifics of the LTI scheme, reference the Executive Remuneration Report 2024 and BlueNord's previous announcements from September 2022.
For inquiries or further information, individuals are encouraged to reach out to Cathrine Torgersen, Chief Corporate Affairs Officer at BlueNord, via phone or email.
Topics Financial Services & Investing）
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