BEWI awards management share options under LTI programme

BEWI ASA announced its second annual award under its 2024 long-term incentive (LTI) programme, allocating share options to six primary insiders on November 15, 2025. CEO Christian Bekken, CFO Marie Danielsson, COO Jonas Siljeskär, COO Downstream Karl Erik Olesen, chief legal officer Petra Brantmark, and chief strategy officer Stein Inge Liasjø each received 83,333 options. This initiative follows a similar programme established in November 2020.

The strike price for these options is NOK 17.72, calculated based on the volume-weighted average share price from the ten trading days prior to the grant date, plus a 10 percent premium. Each option grants the holder the right to acquire one BEWI share, with a maximum profit gain per exercised option capped at NOK 50.

The awarded options feature a three-year vesting schedule: 20 percent vest on November 15, 2026, 30 percent on November 15, 2027, and the remaining 50 percent on November 15, 2028. The options expire on November 15, 2030, with exercise windows to be determined by the board of directors.