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OMV AG Announces Executive Share Allocation as Part of Annual Bonus

Story Highlights
  • OMV AG allocates 8,090 shares to Executive Board member Berislav Gaso.
  • The share allocation is part of OMV’s Equity Deferral 2024 plan, aligning bonuses with performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
OMV AG Announces Executive Share Allocation as Part of Annual Bonus

OMV AG ( (DE:OMV) ) has provided an announcement.

OMV AG announced a manager’s transaction involving Berislav Gaso, a member of the Executive Board, who will receive 8,090 shares as part of his annual bonus for 2024. This transaction is part of the company’s Equity Deferral 2024 plan, where at least one-third of the annual bonus is allocated in shares. The number of shares is determined based on performance criteria and OMV’s average share price over a specified period, with the vesting date set for March 31, 2025. This move reflects OMV’s strategy to align executive compensation with company performance and shareholder interests.

More about OMV AG

OMV Aktiengesellschaft is a leading energy company based in Vienna, Austria. It operates in the oil and gas industry, focusing on the exploration, production, refining, and marketing of oil and gas products. The company is a significant player in the European energy market and is listed on the Vienna Stock Exchange.

YTD Price Performance: 27.16%

Average Trading Volume: 18,559

Technical Sentiment Signal: Sell

Current Market Cap: €15.57B

See more insights into OMV stock on TipRanks’ Stock Analysis page.

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