OMV caps executive long-term incentive award for board member van Koten

The latest update is out from OMV AG ( (DE:OMV) ).

OMV disclosed a managers’ transaction involving Executive Board member Martijn van Koten, linked to the company’s 2023 long-term incentive plan (LTIP) for top management. The plan, based on OMV’s average share price in early 2023 and performance criteria set by the Supervisory Board, determines the number of treasury shares allocated as variable compensation.

For the 2023 LTIP, the Supervisory Board authorized a grant of 11,672 OMV shares to van Koten at a reference price of €54.07, after a cap in the remuneration policy was triggered and reduced the allocation. Although the payment under the plan will be settled in cash after vesting on March 31, 2026, the corresponding treasury shares will be transferred the next business day, underscoring OMV’s continued use of equity-linked pay to incentivize executives while maintaining governance limits on awards.

The most recent analyst rating on (DE:OMV) stock is a Sell with a EUR50.00 price target. To see the full list of analyst forecasts on OMV AG stock, see the DE:OMV Stock Forecast page.

More about OMV AG

OMV Aktiengesellschaft is an Austria-based integrated oil, gas, and chemicals group active in exploration, production, refining, and marketing of energy and petrochemical products. The company is listed on the Vienna Stock Exchange and uses long-term incentive plans with treasury shares to align its executive and senior management remuneration with shareholder interests and long-term performance.

Average Trading Volume: 415,537

Current Market Cap: €20.67B

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