NEL ASA Awards CEO Volldal 500,000 Stock Options

NEL ASA (NLLSF) has released an update.

NEL ASA has granted CEO Håkon Volldal 500,000 stock options as part of its long-term incentive program, with a three-year vesting period and a five-year expiration. The options have a strike price set at a 10% premium over the share price on his second work anniversary. Volldal now holds a total of 1 million options, with no shares, and the profit from all options is capped at NOK 25 million.

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