Norsk Hydro: Primary insiders have been allocated shares under the Long Term Incentive program

10 Mar 2023 15:00 CET

Norsk Hydro ASA has a share-based Long-Term Incentive program ("LTI") 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 Corporate Management Board. The two performance
measures are 1) Hydro's three-year average adjusted RoaCE relative to Hydro's
adjusted RoaCE target and 2) Hydro's 3-year Total Shareholder Return (TSR)
relative to a basket of peers.

The LTI payment is conditional on Hydro having a positive adjusted EBITDA 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 set out the primary insiders that on March 10, 2023, have been
allocated Hydro shares under the LTI plan at NOK 77.24 per share.


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Name Position Allocated shares New holding
LTI program
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Hilde Merete Aasheim President & CEO 15 101 140 904
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Arvid Moss EVP, Hydro Energy 7 567 183 969
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EVP, Hydro Aluminium
Eivind Kallevik Metal 8 483 84 994
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EVP, Legal and
Anne-Lene Midseim Compliance 6 139 42 419
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EVP, Hydro Bauxite &
John Thuestad Alumina 12 314 30 423
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Hilde Vestheim Nordh EVP, People & HSE 5 670 10 370
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EVP and Chief Financial
Pål Kildemo Office 7 641 24 084
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Paul Warton EVP, Hydro Extrusions 12 593 16 431
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EVP, Communication &
Therese Rød Holm Public Affairs 1 277 1 277
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EVP, Corporate
Trond O. Christophersen Development 1 056 5 384
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Total   77 841 540 255
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Investor contact:
Line Haugetraa
+47 41406376
Line.Haugetraa@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

More information:
Access the news on Oslo Bors NewsWeb site

584933_KRT-1500 - Trond Olaf Christophersen.pdf
584933_KRT-1500 - Pal Kildemo.pdf
584933_KRT-1500 - Eivind Kallevik.pdf
584933_KRT-1500 - Hilde Merete Aasheim.pdf
584933_KRT-1500 - Arvid Moss.pdf
584933_KRT-1500 - Paul Warton.pdf
584933_KRT-1500 - Hilde Vestheim Nordh.pdf
584933_KRT-1500 - Anne-Lene Midseim.pdf
584933_KRT-1500 - John Gabriel Thuestad.pdf
584933_KRT-1500 - Therese Rod Holm.pdf