TGS Nopec Geophysical Company ASA (GB:0MSJ) has released an update.
TGS Nopec Geophysical Company ASA has announced the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) under its 2021 Long Term Incentive Plan for key employees, with a total of 159,460 shares at par value NOK 0.25 to be issued. The final payout of the PSUs is 20% based on performance metrics, resulting in 58,060 shares distributed to seventeen PSU holders, while 101,400 shares will be issued for the RSU vestings. Primary insiders including Kristian Johansen and four others have significant shares vesting, part of which may be cash-settled.
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