Lerøy Seafood Group ASA has granted Restricted Share Units to members of its Group Executive Management under the company's long-term share-based incentive programme. The grants include an ordinary annual award and a one-off transitional grant, with the CEO receiving a total of 89,754 RSUs, the COO VAPS&D and COO Farming each receiving 52,176 RSUs, the CHRO receiving 46,851 RSUs, and the CFO receiving 73,472 RSUs. Each annual grant represents a target value of up to 50% of fixed annual base salary, split into three equal tranches with performance periods of one, two and three years. The transitional grant compensates for a shortfall as the programme builds up over three years and short-term compensation is reduced from a maximum of 100% to 50% of fixed salary. Final delivery of shares depends on performance criteria including relative Total Shareholder Return and relative EBIT per kilogram, and continued employment, with the first potential delivery expected in the first half of 2027.
Leroy Seafood Group ASANew long-term incentive programme with RSU grants aligns management interests with shareholders and includes performance criteria.