SalMar Announces Significant Release of Restricted Shares
SalMar's Recent Employee RSU Release Overview
In a recent development, participants in SalMar's restricted share unit (RSU) program have settled a total of 155,752 RSUs. Following this transaction, 155,752 shares will be drawn from the company’s own holdings, leaving SalMar with a total of 114,554 shares available. This pivotal moment reflects the company's commitment to its employees and aligns with their reward structure.
Details of RSU Distribution to Key Insiders
Among the significant transactions, several primary insiders have successfully received shares as a part of the RSU program:
- Arthur Wisniewski: 2,019 shares
- Eva Haugen: 1,676 shares
- Frode Arntsen: 4,475 shares
- Håkon Husby: 1,280 shares
- Roger Bekken: 3,317 shares
- Runar Sivertsen: 1,932 shares
- Gunn Marit Sivertsen (associated with a primary insider): 729 shares
- Simon Søbstad: 2,147 shares
- Ingvild Kindlihagen: 428 shares
- Ulrik Steinvik: 2,713 shares
Shares Sold to Address Tax Liabilities
To manage tax obligations stemming from these distributions, on the same day as the release, several insiders have opted to sell approximately 43% of their received shares with the assistance of a third-party seller. This step is common practice to ensure significant tax responsibilities are promptly met, minimizing financial disruption for the insiders involved.
The exact sales price achieved through these transactions by the third-party seller will be disclosed in a forthcoming stock exchange notice once the transaction is finalized. Keeping investors informed is a priority for SalMar as they navigate these transactions transparently.
Post-Transaction Holdings of Key Insiders
Following the completion of these transactions, here is a summary of the remaining holdings for key insiders:
- Frode Arntsen: 5,187 RSUs, totaling 9,324 shares
- Roger Bekken: 3,599 RSUs, with 16,259 shares
- Eva Haugen: 1,743 RSUs, maintaining 884 shares
- Håkon Husby: 1,299 RSUs, amounting to 2,190 shares
- Runar Sivertsen: 2,088 RSUs with 5,372 shares
- Gunn Marit Sivertsen: 815 RSUs, totaling 587 shares
- Ulrik Steinvik: 2,905 RSUs with a staggering 121,855 shares
- Simon Søbstad: 2,434 RSUs, maintaining 1,737 shares
- Arthur Wisniewski: 2,088 RSUs and 3,776 shares
- Ingvild Kindlihagen: 597 RSUs with 276 shares
Note that Simon Søbstad and Ulrik Steinvik have significant holdings, with Ulrik’s position bolstered by connections within his personal network.
Contact Information for Investor Relations
For further inquiries, stakeholders and interested parties can reach out to:
Håkon Husby,
Head of Investor Relations
Phone: +47 936 30 449
Email: hakon.husby@salmar.no
Frequently Asked Questions
What are Restricted Share Units (RSUs)?
RSUs are a form of compensation offered by companies to employees in the form of company shares, typically subject to vesting periods.
Why did SalMar's insiders sell shares?
The sale of shares by insiders mostly aims to cover tax liabilities that arise from receiving RSUs.
How many RSUs were released by SalMar?
A total of 155,752 RSUs were released in the recent distribution to the company's insiders.
What is the current shareholding structure after transactions?
Post-transaction, insiders hold significant RSUs and shares, reinforcing their investment in SalMar.
Who can I contact for more information about SalMar's investor relations?
For inquiries, you can contact Håkon Husby, Head of Investor Relations at SalMar.
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