Overview of SalMar's New Incentive Scheme
In alignment with the recent decisions made by the board of directors at SalMar ASA, the company is thrilled to unveil a new share-based incentive scheme designed exclusively for its senior executives and key personnel. This new initiative, known as the Restricted Share Unit Plan, aims to empower employees and create a stronger link between their success and that of SalMar and its stakeholders.
The Purpose of the Share-Based Incentive Scheme
The initiative is primarily focused on fostering long-term engagement among employees. By aligning the interests of personnel with those of shareholders, SalMar expects to boost motivation and drive outstanding results. The scheme encompasses a total of 300,000 shares and will unfold over a three-year period. The already existing treasury shares will cover the company’s obligations under this plan.
How the Restricted Share Unit Plan Works
Employees participating in the scheme will benefit from receiving Restricted Share Units (RSUs) at no cost. If specific performance criteria are satisfied during the defined accrual periods, these RSUs will convert into actual shares. The plan specifies three distinct accrual periods: one, two, and three years, commencing with the first in the current year. Each period allows for the conversion of one-third of the total RSUs allocated to the participant.
The criteria for awarding RSUs are well structured to ensure they reflect not only the individual’s performance but also how SalMar performs relative to others in the aquaculture sector. Specifically, entitlements are broken down as follows:
- One-third of RSUs are granted without any performance criteria.
- One-third is contingent on SalMar surpassing a set EBIT/kg metric compared to other listed aquaculture companies.
- The last third requires SalMar to provide a better Total Shareholder Return than its defined peer group.
Employee Participation and Gains
Importantly, accrual of RSUs is reserved for employees who maintain their roles within SalMar or its subsidiaries. Moreover, any gains from released RSUs each calendar year won’t exceed 100% of an employee’s basic salary. This ensures that rewards are aligned with employee contributions without exceeding reasonable limits. In addition, adjustments will occur during dividend distributions to maintain the overall value of RSU allocations.
Executive Grants Under the Scheme
As of December 17, 2025, high-level executives at SalMar have received various allocations of RSUs. Key figures include Frode Arntsen, who has been granted 4,144 RSUs, while Roger Bekken received 2,310 RSUs. Other notable allocations went to Eva Haugen, Håkon Husby, and Ingvild Kindlihagen, among others. This distribution highlights SalMar’s commitment to ensuring that its leadership is well compensated and motivated.
Current Holdings Post-Grant
Following the recent grants, Frode Arntsen now holds a total of 8,574 RSUs along with 14,882 shares; Roger Bekken has 5,462 RSUs and 28,089 shares; Eva Haugen has accumulated 2,951 RSUs and holds 1,739 shares, while Håkon Husby’s total includes 2,211 RSUs with 2,915 shares.
Contact Information for Inquiries
For more details regarding this incentive scheme or any related inquiries, please reach out to:
Håkon Husby
Head of Investor Relations
Phone: +47 936 30 449
Email: hakon.husby@salmar.no
Frequently Asked Questions
What is the main goal of the new incentive scheme?
The primary goal is to enhance employee engagement and align their interests with those of shareholders.
How long will the incentive scheme last?
The scheme is designed for a duration of three years.
What are Restricted Share Units (RSUs)?
RSUs are company shares granted to employees as part of their compensation, subject to specific performance criteria.
Who qualifies to receive RSUs under this plan?
Only senior executives and key personnel at SalMar and its subsidiaries are eligible for this program.
What happens if performance criteria aren’t met?
If the predefined performance criteria are not achieved, the related RSUs may not be granted to the participants.
