Prosafe SE Unveils Major Stock Grant Under Incentive Plan
Prosafe SE Stock Grant Announcement
In a recent development, the board of directors of Prosafe SE has approved a substantial allocation of restricted stock units (RSUs). This move comes as part of the company’s long-term incentive program aimed at motivating key executives and board members.
Details of the RSUs Granted
The total number of RSUs granted by Prosafe SE amounts to a remarkable 2,454,583. This allocation is designed to support the company's strategic objectives and align the interests of its leaders with that of its shareholders.
Key Individuals Receiving RSUs
Among those benefiting from this generous allocation are:
- Carey Lowe, Chairperson of the Board: 198,646 RSUs
- JB de Boissieu, Board Member: 132,431 RSUs
- Grethe Moen, Board Member: 99,323 RSUs
- Knut Bø, Board Member: 99,323 RSUs
- Monique Fares, Board Member: 99,323 RSUs
- Reese McNeel, Interim CEO and CFO: 681,472 RSUs
- Ryan Stewart, CCO: 438,088 RSUs
- Bård Haugan, Finance Director: 51,544 RSUs
- Halvdan Kielland, Finance Lead: 44,878 RSUs
This strategic grant reflects not only the firm’s confidence in its leadership but also serves as a tool to enhance performance over the term of the RSUs.
Vesting Schedule and Implications
The vesting period for these RSUs is structured to encourage long-term commitment among the leaders of Prosafe SE. Specifically, the RSUs will vest as follows: one-third on September 30, 2026, another one-third on September 30, 2027, and the final third on September 29, 2028. However, members of the board will see their RSUs fully vested on September 30, 2027.
Understanding the Nature of RSUs
It's important to note that each RSU corresponds to one share of the company's common stock. Additionally, these units are categorized as non-tradeable and non-transferable, ensuring that they are primarily a tool for retention and alignment of the executives’ interests with those of the shareholders.
About Prosafe SE
Prosafe is recognized as a premier owner and operator of semi-submersible accommodation vessels. The organization is committed to providing safe and efficient operations, contributing significantly to the offshore energy sector.
Listed on the Oslo Stock Exchange under the ticker code PRS, Prosafe SE continues to position itself as a leader in its field, demonstrating robust performance and strategic growth.
Contact Information
For additional details regarding this stock grant and the company's operations, stakeholders are encouraged to reach out to Reese McNeel, Interim CEO and CFO, at +47 415 08 186.
Frequently Asked Questions
What are RSUs?
Restricted stock units (RSUs) are company shares granted to employees as part of their compensation package, contingent upon certain vesting conditions.
Who are the primary recipients of the RSUs?
The recipients include board members and key executives like the Interim CEO and CFO, reflecting their critical role in the company.
How does the vesting schedule work?
The vesting schedule allows recipients to earn their RSUs in phases, promoting long-term commitment to the company’s success.
What does the grant signify for Prosafe SE?
This RSU grant demonstrates the company's strategy to align executive incentives with shareholder interests, fostering a commitment to sustainable growth.
Where is Prosafe SE listed?
Prosafe SE is listed on the Oslo Stock Exchange under the ticker symbol PRS, indicating its commitment to transparency and shareholder engagement.
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