Insr Insurance Group - Stock option program
As a part of Insr Insurance Group ASA's top management incentive program, the Board of Insr Insurance Group ASA today granted 2 300 000 options to the following leading employees:
Espen Husstad, CEO, 750 000 options granted, total options 1 350 000.
Bård Standal, CFO, 300 000 options granted, total options 650 000.
Ingvild Gråberg, EVP Insurance Delivery, 300 000 options granted, total options 400 000.
Cathrine Christiansen, EVP Wholesale, 300 000 options granted, total options 350 000.
Linda Mulehamn, EVP Corporate Insight, 200 000 options granted, total options 200 000.
Terje Løyning, EVP Corporate Services, 200 000 options granted, total options 200 000.
Level 3 managers, 250 000 options granted, total options 290 000.
Each share option gives the right to subscribe for and be allotted one share in Insr in accordance with the terms of the Insr option incentive program. The strike will be set as the volume weighted average of the ten trading days prior to, and the ten trading days after, February 28th, 2018. The options will vest in three tranches; the first ⅓ on April 1st 2019, the second ⅓ on April 1st 2020, and the last tranche on April 1st 2021. The options need to be exercised by year-end 2022.
Anne B. Knudtzon
SVP Business Controlling & Investor Relations
Phone: +47 926 10 606
E-mail: Anne B. Knudtzon
Insr Insurance Group ASA was established in 2009 and is an independent insurance group listed on the Oslo Stock Exchange, with headquarters in Oslo. Insr has a license for all groups of non-life insurance, except for credit and guarantee insurance. The Company's main focus is on the market for property and casualty insurance for the retail and small & medium sized enterprise segments in Norway and Denmark. Insr distributes its products mainly through insurance agents and partners.