Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees

Rhea-AI Summary

Norsk Hydro (NHYDY) has announced share allocations to its Executive Leadership Team through two programs. Under the Long-Term Incentive (LTI) plan, executives received shares at NOK 66.86 per share, with a maximum remuneration of 30% of annual base salary. The LTI is based on two metrics: Hydro's three-year average adjusted RoaCE and Total Shareholder Return relative to peers.

Additionally, Norwegian employees were offered to purchase shares valued at NOK 14,976.64 with a 50% discount at NOK 33.43 per share. Notable allocations include CEO Eivind Kallevik receiving 13,507 LTI shares and 224 employee shares, bringing his total holding to 111,605 shares. Other executives like Paul Warton (EVP, Hydro Extrusions) received 16,840 LTI shares, while John Thuestad (EVP, Bauxite & Alumina) received 13,828 shares.

Positive

• Executive leadership team demonstrates confidence by increasing share ownership
• Employee share purchase program offers significant 50% discount to Norwegian employees
• LTI program links executive compensation to company performance metrics

Negative

• LTI payment conditional on positive adjusted EBIT in previous year
• Share-based compensation may lead to minimal dilution for existing shareholders

Members of Hydro’s Executive Leadership Team have received shares in Hydro via the Long-Term Incentive plan and purchased shares via the employee share purchase program.

Long-Term Incentive plan

Norsk Hydro ASA has a share-based Long-Term Incentive (LTI) program in the form of a maximum remuneration of 30 percent of the annual base salary, dependent on two equally weighted performance metrics for the President and CEO, and the other members of the Executive Leadership Team.

The two performance measures are 1.) Hydro's three year average adjusted RoaCE relative to Hydro's adjusted RoaCE target, with adjusted RoaCE based on market value of equity, and 2.) Hydro's three year Total Shareholder Return (TSR) relative to a group of peers.

The LTI payment is conditional on Hydro having a positive adjusted EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and they must hold the shares for at least three years.

The list below sets out the primary insiders that on April 24, 2025, have been allocated Hydro shares under the LTI plan at NOK 66.86 per share.

Sale of shares to employees

Primary insiders in Hydro have also agreed to purchase shares under a general arrangement offered to employees employed by Hydro in Norway each year.

All employees in Norway have been offered to purchase shares valued at NOK 14,976.64, with a 50 percent discount. For employees taking part in this arrangement, the share price is NOK 33.43 per share, for 224 shares, and shares were transferred on April 24, 2025.

The following primary insiders have purchased shares under the LTI program and under the employee share plan:

Name	Position	Acquired shares LTI plan	Acquired shares employee share plan	New holding
Eivind Kallevik	President & CEO	13,507	224	111,605
Anne-Lene Midseim	EVP, Legal and Compliance	7,133	224	58,899
Hanne K. Simensen	EVP, Hydro Aluminium Metal	5,849		6,664
John Thuestad	EVP, Hydro Bauxite & Alumina	13,828	224	107,455*
Hilde Vestheim Nordh	EVP, People & HSE	6,382	448**	50,868***
Paul Warton	EVP, Hydro Extrusions	16,840		53,038
Therese Rød Holm	EVP, Communication & Public Affairs	5,447	224	14,540
Kari E. Thørud	EVP, Hydro Energy	4,154	224	4,766
Trond O. Christophersen	CFO & EVP, Corporate Development	8,287	224	23,659

*Including shares in private holding company Jothur AS
**Including shares acquired under the employee share plan by close relative
*** Including shares owned by close relative

Investor contact:
Martine Rambøl Hagen
+47 91708918
Martine.Rambol.Hagen@hydro.com

Media contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com

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

Attachments

• Anne-Lene Midseim
• Eivind Kallevik
• Hanne Karine Simensen
• Hilde Vestheim Nordh
• John Gabriel Thuestad
• Kari Ekelund Thorud
• Paul Warton
• Therese Rod Holm
• Trond Olaf Christophersen

FAQ

What is the share price for Norsk Hydro's LTI program in 2025?

Under the Long-Term Incentive program, Norsk Hydro (NHYDY) shares were allocated at NOK 66.86 per share on April 24, 2025.

How many shares did Norsk Hydro CEO Eivind Kallevik receive in April 2025?

CEO Eivind Kallevik received 13,507 shares through the LTI plan and 224 shares through the employee share plan, totaling 13,731 new shares.

What is the discount offered in NHYDY's employee share purchase program?

Norsk Hydro offers Norwegian employees a 50% discount on share purchases, with shares priced at NOK 33.43 for 224 shares valued at NOK 14,976.64.

What are the performance metrics for Norsk Hydro's Long-Term Incentive plan?

The LTI plan is based on two equally weighted metrics: three-year average adjusted RoaCE relative to target and three-year Total Shareholder Return relative to peers.