Cool Company Ltd - Vesting of Restricted Stock Units to Primary Insiders and Mandatory Notification of Trades
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restricted stock unitsfinancial
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
rsusfinancial
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
dividend equivalentsfinancial
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
optionsfinancial
Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.
form 20-fregulatory
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
LONDON--(BUSINESS WIRE)--
COOL COMPANY Ltd. (“CoolCo” or the “Company”) advised today that, pursuant to the Company’s Long-Term Incentive Program (the “LTIP”), certain outstanding restricted stock units (“RSUs”) awarded/authorized in 2022, 2023 and 2025 vested on November 30, 2025. Details of the vesting of RSUs to Primary Insiders are as follows:
Richard Tyrrell: 7,812 RSUs (including 797 RSUs subject to accrued dividend equivalents)
Johannes Boots: 4,165 RSUs (including 418 RSUs subject to accrued dividend equivalents)
The shares underlying the vested RSUs will be paid as cash consideration in accordance with the terms of the LTIP, at a value of $9.65 per share.
Following the aforementioned vesting on November 30, 2025 and cash settlement of RSUs:
Richard Tyrrell holds 8,545 shares, 15,730 RSUs, and 371,227 Options in CoolCo.
Johannes Boots holds 1,764 shares, 8,458 RSUs, and 123,742 Options in CoolCo.
Please see the enclosed forms for further details about the transactions.
Full details of the LTIP are available in the Press Release issued on November 25, 2022, or in the Company’s 2024 Annual Report on Form 20-F as filed with the SEC.
