SalMar ASA’s board of directors has approved a new share-based incentive scheme for senior executives and key personnel, following authorization from the company’s annual general meeting on June 18, 2025. The plan, called the Restricted Share Unit Plan (RSUP), covers up to 300,000 shares and will last for three years. The company intends to use its existing treasury shares to fulfill its obligations under this scheme. As of December 17, 2025, SalMar holds 58,755 treasury shares.
According to SalMar, the RSUP is designed “to encourage employees to maintain a deep, long-term engagement in the company, through a further alignment of the employees’ interests with those of other shareholders.” The company stated that participants will be awarded shares as motivation “to contribute to the continued success and profitability of the company, as well as deliver outstanding results.” SalMar also noted that the program aims to strengthen its ability to attract and retain staff.
Under this scheme, participants will receive Restricted Share Units (RSUs) at no cost. If certain performance criteria are met during specific accrual periods, these units will be converted into shares. The plan consists of three accrual periods—one year each—beginning in 2025. Each period accounts for one-third of the total RSUs available.
The award structure is divided into three parts: one-third of RSUs are granted regardless of performance; another third depends on SalMar achieving higher EBIT per kilogram than other aquaculture companies listed on the Oslo Stock Exchange during each period; and the final third requires SalMar’s total shareholder return (TSR) to exceed that of a defined group of comparable companies over the same timeframe.
Eligibility for accruing RSUs requires continued employment at SalMar or its subsidiaries. Gains from released RSUs in any calendar year cannot exceed an individual’s basic salary. In case dividends are paid out during an accrual period, adjustments will be made so that the value of RSU allocations remains unchanged.
On December 17, several primary insiders were granted RSUs under this new plan:
– Frode Arntsen received 4,144 RSUs.
– Roger Bekken received 2,310 RSUs.
– Eva Haugen received 1,428 RSUs.
– Håkon Husby received 1,070 RSUs.
– Ingvild Kindlihagen received 328 RSUs.
– Runar Sivertsen received 2,164 RSUs.
– Ulrik Steinvik received 2,637 RSUs.
– Arthur Wisniewski received 1,746 RSUs.
– Simon Søbstad received 2,524 RSUs.
– Anders Fjellheim received 2,434 RSUs.
After these grants were issued:
Frode Arntsen now holds a total of 8,574 RSUs and owns 14,882 shares in SalMar. Roger Bekken holds a total of 5,462 RSUs and owns or controls directly and indirectly through related parties a total of 28,089 shares. Eva Haugen holds a total of 2,951 RSUs and owns 1,739 shares. Håkon Husby holds a total of 2,211 RSUs and owns 2,915 shares. Ingvild Kindlihagen holds a total of 856 RSUs and owns 574 shares. Runar Sivertsen holds a total of 4,247 RSUs and owns or controls directly and indirectly through related parties a total of 7,093 shares. Ulrik Steinvik holds a total of 5,183 RSUs and owns or controls directly and indirectly through personal related parties a total of 123,283 shares; he also wholly owns Nordpilan AS which itself has indirect holdings in Kverva AS—the latter being an entity with significant ownership in SalMar ASA (44.3%). Arthur Wisniewski now holds a total of 3,576 RSUs and owns 4,803 shares; Simon Søbstad holds a total of 4,860 RSUs with ownership totaling at least 2 968 shares; Anders Fjellheim maintains his newly updated holdings at both levels.
The information disclosed follows requirements under Article 19 of the EU Market Abuse Regulation as well as section 5–12 of Norway’s Securities Trading Act.
For additional details regarding this incentive program or investor relations matters at SalMar ASA contact Håkon Husby via phone (+47 93630449) or email ([email protected]).