Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees

Core Points - Norsk Hydro ASA has implemented a Long-Term Incentive (LTI) program that allows members of its Executive Leadership Team to receive shares based on performance metrics [1][2] - The LTI program is tied to two performance measures: adjusted Return on Capital Employed (RoaCE) and Total Shareholder Return (TSR) relative to peers, with a condition of positive adjusted EBIT from the previous year [2] - Employees in Norway are offered shares at a 50% discount, with a total value of NOK 14,976.64, resulting in a purchase price of NOK 33.43 per share [4] Long-Term Incentive Plan - The LTI program allows for a maximum remuneration of 30% of the annual base salary for the President and CEO and other executives, based on performance metrics [1] - Participants must invest the net amount after tax in Hydro shares and hold them for a minimum of three years [2] Share Purchases by Executives - A list of primary insiders who acquired shares under the LTI program and employee share plan includes notable executives such as Eivind Kallevik (13,507 shares under LTI and 224 shares under the employee plan) and John Thuestad (13,828 shares under LTI and 224 shares under the employee plan) [5] - The total number of shares acquired by various executives reflects their commitment to the company's performance and alignment with shareholder interests [5] Employee Share Purchase Program - All employees in Norway have the opportunity to purchase shares at a discounted rate, promoting employee ownership and engagement [4] - The arrangement allows employees to buy shares at NOK 33.43, significantly lower than the market value, encouraging participation [4]