Hafnia has handed out share options to its chief executive and finance chief.

On Tuesday, the board approved the award of a total of 752,060 share options under the company’s bonus and long-term incentive plan.

The BW Group-backed product tanker owner gave 617,581 options to CEO Mikael Skov, according to a filing to the Oslo Stock Exchange.

CFO Perry van Echtelt received 134,479 options. The grant date of the options is set to 5 March 2024.

A strike price must be paid when the options are exercised.

The filing did not state the exercise price.

On Thursday, van Echtelt sold stock worth NOK 20.2m ($1.9m) in Oslo after exercising options.

The CFO sold 250,000 shares for NOK 80.73 per share.

After the sale, he held 382,509 shares worth about NOK 30.9m, Hafnia said.

The sale came after the shipowner completed its listing on the New York Stock Exchange and started trading in the US.

The company still has its primary listing status on the Oslo exchange

Hafnia has enjoyed strong markets for product tankers in the past years.

The company raised its dividend payout policy just ahead of the listing in the US.

“After careful consideration, we believe this increase in our dividend policy will allow us to maintain a good balance between shareholder value and ensuring resources for debt repayments and any future investments, without exposing the company to unnecessary debt risk,” Skov said.

Hafnia shares closed at $7.39 in New York yesterday.