TGS pays out 288,177 shares under incentive plan

TGS ASA issued 288,177 shares to 83 employees under its 2022 long-term incentive plan, with units vesting on August 9, 2025.

The board determined a 60% payout for performance stock units based on performance metrics, resulting in 180,810 shares for sixteen holders. An additional 107,367 shares went to sixty-seven employees for restricted stock units.

Key recipients included chief executive Kristian Johansen (39,900 shares), Sven Larsen (16,038 shares), and William Ashby (16,038 shares). Some vested shares will be cash-settled to cover tax obligations.