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Top Mowi execs cash in millions in share options

The option scheme first started in 2015.

The top executives from salmon farming giant Mowi are giving themselves a a nice holiday bonus of NOK 61.3 million (€6.1 million/$6.7 million), according to a filing on the Oslo Stock Exchange.

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Five top executives from the group redeemed a total of 274,547 share options for a total value NOK 34.7 million (€3.5 million/$3.8 million), including:

Alf-Helge Aarskog has exercised 92,498 options in Mowi at a price of NOK 77.52 (€7.80/$8.50) per share.

Ivan Vindheim has exercised 53,977 options in Mowi at NOK 77.52 (€7.80/$8.50) per share.

  • Per-Roar Gjerde has exercised 46,573 options in Mowi at NOK 77.52 (€7.80/$8.50) per share.
  • Ola Brattvoll has exercised 39,668 options in Mowi at NOK 77.52 (€7.80/$8.50) per share.
  • Ben Hadfield has exercised 41,831 options in Mowi at NOK 77.52 (€7.80/$8.50) per share.

Additional managers who are not primariy insiders redeemed an additional 485,743 shares, at a price of NOK 77.52 (€7.80/$8.50) per share.

Aarskog now owns 39,027 shares in Mowi and has 1.2 million outstanding options. Vindheim owns 1,117 shares and has 342,708 outstanding options. Gjerde owns 780 shares and has 279,150 options, while Brattvoll and Hadfield own 9,688 and 7,327 shares respectively and have 342,708 outstanding options each.

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