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Atea ASA ( (ATAZF) ) has issued an update.
Atea ASA reported that employees exercised 260,500 stock options with a weighted average strike price of NOK 86.80, which were converted into rights to receive 113,635 shares based on the prior day’s volume-weighted average price. After tax withholding, employees will receive 65,500 shares, which the company will deliver from its existing treasury share holdings.
Primary insiders Juha Sihvonen and CEO Steinar Sønsteby exercised a combined 105,000 options, converted into rights to receive 45,803 shares before tax, and subsequently transferred these rights to a third party at a price of NOK 154.60 per share. Following these transactions, Atea noted updated individual holdings for the insiders and confirmed it retains 1,021,383 of its own shares, signaling continued use of equity-based incentives and active management of treasury stock.
The most recent analyst rating on (ATAZF) stock is a Buy with a NOK170.00 price target. To see the full list of analyst forecasts on Atea ASA stock, see the ATAZF Stock Forecast page.
More about Atea ASA
Atea ASA is a Nordic and Baltic IT infrastructure and services provider, supplying hardware, software and related solutions to businesses and public sector customers. The company is a major regional player focused on digital workplace, data center, cloud and security offerings across its core markets.
Average Trading Volume: 161,502
Current Market Cap: NOK16B
Find detailed analytics on ATAZF stock on TipRanks’ Stock Analysis page.