Schibsted Media Group has granted restricted share awards to the members of the Group Management Team in Schibsted Media Group as part of the the Senior Executive Plan under the Long Term Incentive program for 2015 (LTI 2015).
In LTI 2015, each participant is granted a restricted share award based on a fixed percent of the participant’s base salary. The restricted share award vests at a rate of 1/3 over a five year period, starting on the date of grant. The second tranche (1/3) will vest 31 December 2017 and the third and last tranche (1/3) will vest 31 December 2019.
Please find attached overview of the restricted share awards as well as their total holding of shares after this allotment.
The restricted share awards imply that Schibsted ASA allots 12,131 treasury A shares to the participants in the Senior Executive Plan under LTI 2015. After this, Schibsted ASA holds 468,758 treasury A shares and 565,204 treasury B shares.
Oslo, 29 June 2015
SCHIBSTED ASA
Jo Christian Steigedal
Head of IR