SalMar - 2025 share-based incentive scheme for senior executives and key personnel

Core Viewpoint - SalMar ASA has established a share-based incentive scheme (Restricted Share Unit Plan) for senior executives and key personnel to align their interests with shareholders and enhance employee engagement [1][2]. Group 1: Incentive Scheme Details - The share-based incentive scheme encompasses up to 300,000 shares and will last for three years, with the company's liability covered by existing treasury shares [1]. - Participants will receive Restricted Share Units (RSUs) free of charge, which will convert to shares if specific performance criteria are met during three accrual periods [3]. - The scheme's accrual periods are structured as one, two, and three calendar years, with 2025 being the first year [3]. Group 2: Performance Criteria - The award of RSUs is determined by three criteria: - 1/3 of RSUs are awarded without performance criteria [4]. - 1/3 depends on SalMar achieving a certain EBIT/kg compared to other aquaculture companies on the Oslo Stock Exchange [4]. - 1/3 is based on SalMar's total shareholder return (TSR) exceeding that of a defined group of comparable companies [4]. Group 3: Participant Information - The scheme applies to senior executives and key personnel, with specific RSUs granted to individuals such as Frode Arntsen (4,144 RSUs) and Roger Bekken (2,310 RSUs) among others [6][7][8][9]. - After the RSU grants, Frode Arntsen holds a total of 8,574 RSUs, while Roger Bekken holds 5,462 RSUs, indicating significant shareholding among primary insiders [6][7].