ROCKWOOL A/S Allocates Restricted Share Units to CEO
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ROCKWOOL A/S Allocates Restricted Share Units
In a recent announcement, ROCKWOOL A/S has made significant strides in its leadership remuneration strategy. This allocation aligns with the remuneration policy ratified during the latest Annual General Meeting, aimed at supporting the company's strategic goals.
Details of the Allocation
The Board of Directors has decided to allocate a one-time grant of Restricted Share Units (RSUs) to CEO Jes Munk Hansen. This decision underscores the importance of his leadership and commitment to the company’s future growth. The RSU grant comprises a total of 3,421 units, each valued at 2,923 DKK, which sums up to an impressive total fair value of 10 million DKK.
Vesting and Shareholder Rights
The RSUs will vest after three years, specifically on 2 September 2027. It’s important to note that until the vesting period concludes, participants will not hold any shareholder rights with respect to these RSUs. After the vesting period, these RSUs will convert into B-shares with a nominal value of DKK 10, which will be contingent on Jes Munk Hansen's continued employment with ROCKWOOL A/S.
Impact on Existing Shareholders
The company has assured its existing shareholders that this RSU allocation will not lead to any dilution of their shares. This transparency reflects ROCKWOOL's commitment to maintaining shareholder value while rewarding its leadership team for the ongoing achievement and implementation of corporate strategies.
Further Communication
Post-vesting, any transfers of B-shares allocated to management members will be reported in the company's upcoming announcements and will also be included in the annual Remuneration Report. This practice will ensure that stakeholders are informed about the RSU allocations and their implications.
Legal Compliance and Remuneration Policy
As part of this allocation, all actions are conducted in accordance with Danish law and adhere to the established remuneration policies. This provides a structured approach to compensation, which aligns with best practices in corporate governance.
For more details on the remuneration policy and other corporate governance matters, stakeholders can explore the official website where comprehensive information is available.
For any inquiries regarding this announcement, interested parties are encouraged to reach out directly to:
Michael Zarin
Vice President, Group Communications
ROCKWOOL A/S
+45 40 84 15 26
Frequently Asked Questions
What are Restricted Share Units (RSUs)?
RSUs are a form of equity compensation that provides employees with shares of the company’s stock after certain conditions are met, typically related to tenure or performance.
Why was the RSU grant given to the CEO?
The grant is a part of ROCKWOOL A/S's strategy to ensure that the CEO is aligned with the company’s long-term success and value creation objectives.
What is the total value of the RSU allocation?
The total fair value of the RSU allocation to Jes Munk Hansen amounts to 10 million DKK.
When do the RSUs vest?
The RSUs will vest on 2 September 2027, assuming that employment conditions are met.
How does this allocation affect existing shareholders?
The company has confirmed that this RSU allocation will not dilute existing shareholders’ equity, maintaining their investment’s value.
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