Elopak management receives shares from PSU vesting

Elopak ASA announced the settlement of Performance Share Units (PSUs) for its executive and senior management, distributing 115,637 shares. This transaction follows previous announcements regarding the award of PSUs under the company's long-term incentive plan. Each vested PSU grants the holder the right to receive one share in Elopak. The shares were settled in treasury shares, with allocation dependent on specific performance criteria.

Several primary insiders received shares as part of this vesting. christian gjerde, head of treasury and investor relations, received 2,423 shares, while elisabet døsen, chief legal and compliance officer, received 4,171 shares. finn morten tørjesen, evp region europe south and new markets, received 26,614 shares, and lionel ettedgui, evp north america, received 43,636 shares. nete bechmann, chief human resources officer, received 28,445 shares, ola buarøy, director of finance and tax, received 3,850 shares, runar bakken, head of strategy office, received 2,138 shares, thea corwin bristøl, chief marketing and communication officer, received 2,348 shares, and sandra färdig, deputy employee board member, received 2,012 shares.

All transactions took place on November 24, 2025, outside a trading venue, with a price of 0 per share, representing the exercise of rights from the PSU program. This distribution aligns with Elopak's commitment to its long-term incentive plan, which aims to reward management based on achieved performance criteria.