TGS says 2023 incentive plan awards vest, with PSU payout set at 40%

Reuters2026/08/11 05:00

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TGS disclosed vesting under its 2023 Long Term Incentive Plan, covering Performance Stock Units and Restricted Stock Units granted on Aug. 8, 2023.
Units vested on Aug. 8, 2026, giving 159 holders the right to request issuance of 367,704 shares at NOK 0.25 par value.
Board set final PSU payout at 40%, resulting in 181,204 shares issuable to 31 PSU holders.
RSU vesting results in 186,500 shares issuable to 128 employees.
Some vested shares will be cash-settled using plan-defined fair market value to cover tax withholding and other deductions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TGS ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608110100OMX_____CNEWS_EN_GNW1001256950_en) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TGS says 2023 incentive plan awards vest, with PSU payout set at 40%

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