OMV Discloses Executive Board Long-Term Incentive Transaction

An announcement from OMV AG ( (DE:OMV) ) is now available.

OMV AG disclosed a managers’ transaction involving Executive Board member Reinhard Florey, linked to the company’s Long Term Incentive Plan (LTIP 2023) for top management. The plan ties variable compensation to OMV’s share performance over a three-year period from 2023 to 2025, aligning executive rewards with shareholder value.

Under LTIP 2023, Florey was granted 13,044 notional shares after the supervisory board applied a remuneration cap, which limited the number of shares allocated. Instead of receiving shares, he will obtain a cash payment based on OMV’s average share price on the Vienna Stock Exchange between January 1 and March 31, 2026, underscoring the company’s performance-based pay framework and transparency in executive remuneration.

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 AG is an integrated energy and chemicals group headquartered in Vienna, operating in oil, gas, and petrochemical value chains. The company focuses on upstream exploration and production, refining and marketing of fuels, and chemical and plastics solutions, with its shares listed on the Vienna Stock Exchange.

Average Trading Volume: 415,537

Current Market Cap: €20.67B

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