Aker BP finalizes share awards, grants new executive incentives

Aker BP has completed its 2022-2025 Long-Term Incentive Programme (LTIP) share awards and initiated new grants under the 2025-2028 cycle for its executive management team (EMT). The LTIP, designed to link executive performance with long-term shareholder value, involves annual share-based grants that vest over three years, followed by a one-year lock-up period. The final share delivery for the 2022-2025 cycle was adjusted based on relative shareholder return and dividend payments.

Effective July 1, 2025, EMT members received new grants. Noteworthy grants for the 2025-2028 cycle include Karl Johnny Hersvik with 7,751 grants, Paula Doyle with 3,155 grants, and David Tonne with 3,640 grants. The company will transfer 7,743 shares related to the completed 2022-2025 LTIP awards, after which it will hold 283,938 treasury shares.

Additional details from PDMR disclosure forms indicate that several executives, including Marit Blaasmo, Ine Dolve, and Lars Hoier, received shares at a price of NOK 257.30 on November 5, 2025. For instance, Marit Blaasmo acquired 415 shares totaling NOK 106,780. These transactions are subject to the Norwegian Securities Trading Act and EU Market Abuse Regulation.