BW Energy Ltd. (DE:6BW) has released an update.
BW Energy Ltd. has announced the fourth annual award under its Long-Term Incentive Program, granting 1,150,000 share options to 10 employees to align their interests with those of shareholders. The options have a set strike price, a three-year vesting period, and a subsequent three-year exercise period, with conditions requiring the option holder to remain employed with the company. Primary insiders, including the CEO, CCO, and CSO, have been awarded significant portions of these options.
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