SpareBank 1 SR-Bank ASA (SRBNK); Mandatory notification of trade
SpareBank 1 SR-Bank ASA has on March 26 granted a total of 66 902 own shares to employees as a part of the bank's incentive scheme. The distribution of 4 427 shares are granted to primary insiders at a price of NOK 103,30. In total 62 475 shares are granted other employees divided into 37 880 shares at a price of NOK 103,30 and 24 595 shares at volume weighed average price of NOK 104,99. SpareBank 1 SR-Bank has as a consequence of this reduced its holding of own shares to 36 210 shares. Based on the achievement previous years the primary insiders have been allocated shares, according to the attached list.
It should be noted that the group executive management team and other leading personnel covered by the Financial Institutions Regulations' provisions concerning the remuneration of executive personnel, the distribution principle for shares was changed as of the financial year of 2018. For previous financial years, shares have been distributed in 1/3 allocations for the following 3 years. As of the financial year of 2018, all shares will be issued in the subsequent year, with a tie-in period of 1, 2 and 3 years respectively. For further information about current bonus schemes, please refer to the notes in the annual report for 2020.
Stavanger, March 26 2021
Inge Reinertsen, CFO, Tel. +47 909 95 033
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.