Yara International ASA: Insights on Recent Share Purchases
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Yara International ASA: Understanding Recent Share Purchases
Yara has recently made a substantial purchase in the market, acquiring a total of 19,261 shares (ticker: YAR) at an average price of NOK 297.8423 each. This acquisition is made on behalf of members of Yara’s Group Executive Board, specifically as part of Yara's Share Based Remuneration (SBR) program.
Alignment of Interests
To foster a stronger connection between the interests of Yara's Group Executive Board and its shareholders, it is anticipated that board members participating in the SBR will invest an amount equivalent to the least sum received from net, after-tax short-term incentive plan payouts from the previous year. Alternatively, they may invest the net amount garnered from the SBR for that particular year. This investment practice is aimed at reinforcing long-term commitment to the company, continuing yearly until their shareholding equals their gross remuneration package, inclusive of pension contributions.
Mandatory Shareholding Guidelines
It is essential for board members to uphold this commitment by not selling any of their Yara shares for as long as they remain a part of the Group Executive Board. Additionally, residual shares have been purchased from the previous SBR allocation conducted in February 2024, further solidifying the board's engagement with the company's performance.
Executive Management Trades
PDMR Trades
Share purchases by members of Yara’s Group Executive Management are classified as PDMR trades in accordance with the Market Abuse Regulation (EU) No 596/2014. Each of these trades is subject to the disclosure requirements defined under Article 19 of the regulation:
President and CEO, Svein Tore Holsether, has acquired 2,501 shares, increasing his total ownership to 60,465 shares.
EVP & Chief Financial Officer, Thor Giæver, has bought 2,101 shares, now holding 14,078 shares in total.
EVP for Corporate Development, Magnus Krogh Ankarstrand, purchased 1,234 shares, bringing his total to 8,199 shares.
EVP Europe, Mónica Andrés Enríquez, has bought 2,714 shares, now owning 13,330 shares.
EVP Africa & Asia, Fernanda Lopes Larsen, acquired 276 shares, with a total ownership of 11,786 shares.
EVP Americas, Chrystel Monthean, purchased 2,756 shares, raising her tally to 15,630 shares.
EVP Global Plants & Operational Excellence, Johan Labby, has bought 1,364 shares, now owning 3,098 shares.
EVP & General Counsel, Kristine Ryssdal, acquired 2,272 shares, increasing her holdings to 20,342 shares.
EVP People, Process & Digitalization, Solveig Hellebust, purchased 2,060 shares, totalling 7,815 shares.
EVP & CEO of Yara Industrial Solutions, Jorge Noval, acquired 1,721 shares, now holding 11,006 shares.
Company Insights and Strategic Goals
About Yara
Yara's mission revolves around the responsible feeding of the world while protecting the planet. The company pursues sustainable value growth by focusing on reducing emissions from crop nutrition production and innovating low-emission energy solutions. Yara is dedicated to fostering a nature-positive food future, creating value for its customers, shareholders, and society, while ensuring a sustainable food value chain.
To facilitate this transformative green shift in fertilizer production and energy-intensive industries, Yara is poised to significantly decrease ammonia production emissions. The company also provides digital tools for precision farming, collaborating with partners across the food value chain to enhance knowledge sharing and promote efficient, sustainable solutions.
Founded in 1905 to address famine in Europe, Yara has established itself as a leading global crop nutrition firm, boasting 18,000 employees in over 60 countries. Sustainability is woven into Yara's business model, and in 2023, the company reported impressive revenues of USD 15.5 billion.
Contact Information
For further inquiries, reach out to:
Maria Gabrielsen
Head of Investor Relations
M: +47 920 900 93
E: maria.gabrielsen@yara.com
Frequently Asked Questions
What is Yara International ASA known for?
Yara is recognized as a leading global crop nutrition company focused on sustainable agricultural practices and reducing emissions in production.
What recent actions did Yara take concerning share purchases?
Yara purchased 19,261 shares on behalf of its Group Executive Board members as part of a Share Based Remuneration program.
How does Yara align executive interests with shareholder values?
Yara mandates that Group Executive Board members invest in Yara shares to align their financial interests with those of shareholders.
What financial performance did Yara report in 2023?
In 2023, Yara reported revenues amounting to USD 15.5 billion, showcasing its strong market position.
How can I contact Yara for investor relations?
You can reach out to Maria Gabrielsen, Head of Investor Relations, via email at maria.gabrielsen@yara.com.
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