The long-term incentive programme is a fixed, monetary compensation calculated as a portion of the participant’s base salary; ranging from 20 – 30 per cent depending on the individual’s position. On behalf of the participant, the company acquires shares equivalent to the net annual amount. The grant is subject to a three year lock-in period.
As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated shares on 18 May 2015, at an average price of USD 21.30:
| Name |
Allocated shares*
|
New share holding*
|
| Maloney, William |
11732.526897
|
57,160.727721
|
*American Depositary Receipts (ADR)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.