Selvaag Bolig insiders boost holdings through employee share programs

Selvaag Bolig ASA announced that 39 employees, including primary insiders, collectively purchased 728,837 shares through the company's share-saving and purchase programs. The shares were acquired at a price of NOK 32.94 each.

Four senior executives participated in the share purchase program with a three-year lock-up and a 30% discount, while 76 employees utilized the share-saving program, offering a 20% discount and a two-year lock-up period.

Notable purchases by primary insiders include chief executive Sverre Molvik and chief operating officer Øystein Klungland, each acquiring 186,580 shares at a discounted price of NOK 23.06, now holding 759,852 shares. Chief financial officer Christopher Brunvoll purchased 117,100 shares, bringing his total to 446,634, and EVP Line Lian Mjell acquired 86,784 shares, increasing her holdings to 331,089.

Additionally, Andrea Utne Tveter, a director, purchased 1,518 shares, and Magnus Kristiansen, a deputy director, bought 7,590 shares, both through the share-saving program at a discounted price of NOK 26.35. Following these acquisitions, Selvaag Bolig ASA now holds 71,504 of its own shares.