HAFNIA LIMITED: Accelerated Vesting under Long-term Incentive Plan

Hafnia’s board has fully vested outgoing CEO Mikael Skov’s outstanding share options and RSUs under its long-term incentive plan.

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SINGAPORE--(BUSINESS WIRE)-- Reference is made to the announcement made by Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on 30 June 2026, that Mikael Skov had decided to step down as CEO with effect from 1 September 2026.

Mikael Skov currently holds in total 2,159,127 unvested share options and 60,974 unvested Restricted Share Units ("RSUs") under the Company's long-term incentive plan. On 2 September 2026, Hafnia's board of directors resolved to accelerate the vesting of these share options and RSUs. The share options remain subject to the applicable exercise prices under the terms of the long-term incentive plan. Following such accelerated vesting, Mikael Skov holds vested rights in respect of 2,220,101 shares in the Company.

About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of around 180 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260902237773/en/

For further information, please contact:
Søren Steenberg Jensen
CEO Hafnia Limited
sst@hafnia.com

Source: Hafnia Limited

Key Terms

restricted share units financial

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

long-term incentive plan financial

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.