GlobeNewswire·Apr 22, 2026, 1:30 PM ET

Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees

Norsk Hydro Executive Leadership Team members received shares via the Long-Term Incentive (LTI) plan & purchased shares through the employee share purchase program on April 22, 2026.
The LTI program offers up to 30% of annual base salary based on equally weighted metrics: 3-year average adjusted RoaCE & 3-year Total Shareholder Return (TSR).
LTI payments require positive adjusted EBIT in the prior year & mandate that participants invest net after-tax amounts in Hydro shares for a minimum 3-year holding period.
Primary insiders received LTI shares allocated at NOK 87.36 per share.
Under the employee share plan, all Norwegian employees were offered shares valued at NOK 29,964.48 with a 50% discount, resulting in a purchase price of NOK 43.68 per share.
Each participating employee acquired 343 shares on April 22, 2026, though some executives received larger allocations (e.g., Hilde V. Nordh received 686 shares) including shares for close relatives.
Specific share allocations included President & CEO Eivind Kallevik receiving 4,985 LTI shares & 343 employee plan shares.
Former EVP Therese Rød Holm was allocated 1,791 LTI shares for 2025 but is no longer classified as a primary insider.
Olav Magnus Linge was appointed EVP for Communication & Public Affairs effective April 1, 2026, & received 343 employee plan shares but was not part of the prior Executive Management LTI program.
The disclosure complies with Section 5-12 of the Norwegian Securities Trading Act.