Aker BP’s Long-Term Incentive Programme (LTIP) is designed to incentivise the
executive management team (EMT) to deliver on the company’s long-term business
objectives and maximise alignment with shareholder value creation.
The LTIP is a share-based scheme in which grants are awarded annually, vested
over a three-year period, and subject to a one-year lockup. Each grant
represents one underlying share, and the number of grants awarded corresponds to
20 percent of base salary divided by the Aker BP share price at the time of the
award.
The final number of shares awarded at the end of the vesting period will be
adjusted by up to +/- 100 percent based on an assessment of relative shareholder
return as described in Aker BP’s Remuneration report 2022 (https://akerbp.com/wp
-content/uploads/2023/03/aker-bp-remuneration-report-2022.pdf). The number of
shares awarded will also be adjusted for dividends paid during the vesting
period.
For the 2023-2026 LTIP cycle, the EMT members have been awarded grants with
effective date 1 July 2023 as set out in the table below.
Name Grants 2023
Marit Blaasmo 2,400
Ine Dolve 2,568
Paula Doyle 2,972
Karl Johnny Hersvik 7,278
Thomas Hoff-Hansen 2,127
Lars Høier 2,743
Per Harald Kongelf 3,311
Ole Johan Molvig 2,764
Kari Nielsen 2,212
Knut Sandvik 2,736
Per Øyvind Seljebotn 2,637
Tommy Sigmundstad 2,823
David Tønne 3,396
Georg Vidnes 2,486
Thomas Øvretveit 2,127
Contact:
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is a company engaged in exploration, field development and production of
oil and gas on the Norwegian continental shelf. The company operates the field
centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a
partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,
Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at
www.akerbp.com.
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.