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OMV AG CEO Opts for Cash Payment in Performance Share Plan

Story Highlights
  • OMV AG’s CEO Alfred Stern was granted 18,523 shares under the Long Term Incentive Plan.
  • Stern chose a cash payment based on OMV’s average share price for his share grant.
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OMV AG CEO Opts for Cash Payment in Performance Share Plan

OMV AG ( (DE:OMV) ) has provided an announcement.

OMV AG announced a transaction involving its Chief Executive Officer, Alfred Stern, related to a performance share plan for executive board members and senior managers. Under the Long Term Incentive Plan 2022, Stern was granted 18,523 shares, which he opted to receive as a cash payment based on OMV’s average share price over a specified period. This transaction highlights OMV’s commitment to aligning executive compensation with company performance and shareholder interests.

More about OMV AG

OMV Aktiengesellschaft is a leading energy company based in Vienna, Austria, primarily engaged in the exploration, production, refining, and marketing of oil and gas. The company operates in the energy sector with a focus on providing energy solutions and products across various markets.

YTD Price Performance: 27.16%

Average Trading Volume: 18,559

Technical Sentiment Signal: Sell

Current Market Cap: €15.57B

For detailed information about OMV stock, go to TipRanks’ Stock Analysis page.

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