Pursuant to the terms of Odfjell SE's Long-term Incentive Program, the Executive Management may receive a cash amount, where the net amount less tax shall be used to purchase A-shares in the Company.
On March 21, 2024, the Board of Directors decided, in accordance with the terms of such incentive program, to pay out a cash amount to members of the Executive Management which in turn (after tax) has been used to acquire a total of 32,353 Class A-shares in the Company on March 21, 2024.
The purchase price paid for the shares is NOK 111.00, corresponding to the volume-weighted average share price on the Oslo Stock Exchange in the last 14 trading days of 2023.
To facilitate the above-mentioned acquisition of shares, the Company has on March 21, 2024, sold 32,353 Class A-shares (treasury shares) to the eligible participants at a purchase price of NOK 111.00 per share. The acquired shares are restricted with a holding period of three years with certain customary exemptions.
The following primary insiders in the Company have acquired shares in connection with the above-mentioned incentive plan, and have, following this, the following number of shares in the Company:
| Name, title | Shares acquired | Total number of shares held in the company |
| Harald Fotland, CEO |
13,032 | 85,220 Class A shares / 4,000 Class B shares |
| Terje Iversen, CFO |
4,347 | 63,634 Class A shares |
| Øistein Jensen, CSO |
3,306 | 57,459 Class A shares |
| Bjørn Hammer, CCO |
4,379 | 30,376 Class A shares |
| Adrian Lenning, MD Terminals |
3,910 | 27,227 Class A shares |
| Torger Trige, CTO |
3,379 | 15,840 Class A shares / 190 Class B shares |
