Two Oslo-listed tanker owners have announced share incentives for bosses worth NOK 42m ($4m) in red-hot markets.
BW Group-owned product tanker giant Hafnia is handing out 1.35m stock options to chief executive Mikael Skov.
He is also getting 55,807 shares.
Skov now holds 2,730,264 share options and 826,468 shares.
Chief financial officer Perry van Echtelt was also awarded 296,112 share options.
He now has a total of 592,224 options and 40,285 shares.
The options will vest three years from the award date and expire in six years.
The strike price is NOK 23.81, compared with NOK 21.10 in Oslo on Friday, which was down 4.95%.
Hafnia listed on the main Oslo board on Thursday after switching from the Axess market.
Hunter trio benefit
Meanwhile VLCC specialist Hunter Group is doling out NOK 7m-worth in options.
Chief executive Erik Frydendal is getting 1m, meaning he now owns 1.65m shares in the company, and 2m options.
Chief operating officer Sujoy Seal was awarded 500,000 options, bringing his total to 1m. He also owns 125,000 shares.
Meanwhile, chief financial officer Lars Brynildsrud received 250,000 options to give him 750,000, plus 15,400 shares.
The moves are in line with its long-term incentive plan, Hunter said.
Options will vest in a year with a strike price of NOK 3.95 per share, against NOK 4 in Oslo trading on Friday.
