NHYDY - Norsk Hydro: Primary insiders have been allocated shares under the Long Term Incentive program

April, 01 2022 11:47 AM Norsk Hydro ASA ADR

Norsk Hydro ASA has a share-based Long-Term Incentive program (“LTI”) in the form of a maximum remuneration of 30 percent of the annual base salary, dependent on two equally weighted performance metrics for the President and CEO and the other members of the Corporate Management Board. The two performance measures are 1) Hydro’s three-year average adjusted RoaCE relative to Hydro’s adjusted RoaCE target and 2) Hydro’s 3-year Total Shareholder Return (TSR) relative to a basket of peers. The LTI payment is conditional on Hydro having a positive adjusted EBITDA in the previous year. The participants will be required to invest the net amount after tax in Hydro shares, and they must hold the shares for at least three years.

The list below set out the primary insiders that on April 1, 2022, have been allocated Hydro shares under the LTI plan at NOK 88.03 per share.

Name
Allocated shares LTI plan
New holding
President and CEO Hilde Merete Aasheim
4 869
125 803
Executive Vice President and CFO Pål Kildemo
2 395
16 443
Executive Vice President Hydro Energy Arvid Moss
2 371
176 402
Executive Vice President Hydro Aluminium Metal Eivind Kallevik
2 674
76 511
Executive Vice President Bauxite & Alumina John Thuestad
4 078
63 109
Executive Vice President People & HSE Hilde Nordh
1 741
4 700
Executive Vice President Legal and Compliance Anne-Lene Midseim
1 897
36 280

Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@hydro.com

Press contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com

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

Attachments

Company Name:	Norsk Hydro ASA ADR
Stock Symbol:	NHYDY
Market:	OTC
Website:	hydro.com

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