Golar LNG (NASDAQ: GLNG) COO discloses share and option holdings on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Golar LNG Ltd’s Chief Operating Officer, Nes Ragnar, filed an initial ownership report. He directly holds 4,237 common shares and two option grants over 33,333 and 35,000 common shares at exercise prices of 32.5000 and 38.6000 per share, expiring in 2030 and 2031.
Footnotes state these options vest in tranches between November 2026 and January 2029, and related RSUs vest in March 2027, March 2028, and March 2029. The filing reflects existing holdings rather than new market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Nes Ragnar
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share options - Nov 2024 (right to buy) | -- | -- | -- |
| holding | Share options - Jan 2026 (right to buy) | -- | -- | -- |
| holding | Common shares | -- | -- | -- |
Holdings After Transaction:
Share options - Nov 2024 (right to buy) — 33,333 shares (Direct);
Share options - Jan 2026 (right to buy) — 35,000 shares (Direct);
Common shares — 4,237 shares (Direct)
Footnotes (1)
- These time-based RSUs vest as follows: March 2027 (2,270 units); March 2028 (1,262 units); and March 2029 (705 units). This option vest as follows: 16,667 on November 15, 2026 and 16,666 in November 15, 2027. Conversion price as of date of filing. The strike price for the share options granted under the scheme will normally be reduced by the amount of all dividends declared by the issuer in the period from the grant date until the date the option is exercised. These share options vest as follows: 11,667 on January 20, 2027; 11,667 on January 20, 2028; and 11,666 on January 20, 2029.
FAQ
What does the GLNG Form 3 filing by Nes Ragnar show?
The Form 3 shows COO Nes Ragnar’s initial holdings in Golar LNG. He reports direct ownership of 4,237 common shares plus two option grants over 33,333 and 35,000 shares, providing a clear baseline of his equity position.
What stock options are reported for Nes Ragnar in the GLNG Form 3?
The filing lists two option grants: 33,333 underlying shares at an exercise price of 32.5000 expiring November 15, 2030, and 35,000 underlying shares at 38.6000 expiring January 20, 2031, both relating to Golar LNG common shares.
When do Nes Ragnar’s Golar LNG options and RSUs vest?
Footnotes state one option grant vests in 16,667 and 16,666 share tranches in November 2026 and November 2027. The other vests in three equal tranches from January 2027 to January 2029, while RSUs vest annually from March 2027 to March 2029.
How is the exercise price of Nes Ragnar’s Golar LNG options treated over time?
A footnote explains the conversion price can be reduced by dividends declared from grant to exercise. This means the effective strike price of the share options normally decreases by the amount of dividends paid before the options are exercised.