Grants awarded under Aker BP’s Long-Term Incentive Programme

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 Annual Report for 2023. The number of shares awarded will also be adjusted for dividends paid during the vesting period.

For the 2024-2027 LTIP cycle, the EMT members have been awarded grants with effective date 1 July 2024 as set out in the table below:

Name Grants 2024
Karl Johnny Hersvik               7,094
David Torvik Tønne               3,311
Per Harald Kongelf               3,243
Paula Doyle               2,897
Tommy Sigmundstad               2,764
Ole Johan Molvig               2,669
Knut Sandvik               2,667
Lars Høier               2,661
Per Øyvind Seljebotn               2,546
Georg Vidnes               2,389
Thomas Hoff-Hansen               2,387
Marit Blaasmo               2,362
Marte Mogstad               2,281
Thomas Øvretveit               2,231
Ine Dolve               2,192
Talar Arif               1,551

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