OMV grants capped long-term incentive shares to Executive Board member

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

OMV AG disclosed a managers’ transaction involving Executive Board member Berislav Gaso, who is set to receive 10,212 OMV shares under the company’s 2023 Long Term Incentive Plan. The award stems from a three-year performance period running from 2023 to 2025, with the final grant size based on predefined performance criteria and OMV’s average share price in early 2023.

The grant was reduced by a cap embedded in OMV’s remuneration policy, which was triggered this year and constrained the number of shares allocated. As Gaso has not yet met his share ownership requirement, the payout will be made in OMV treasury shares rather than cash, with the shares vesting on March 31, 2026 and transferred on the next business day outside a trading venue.

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 Austria-based integrated energy and chemicals group focused on oil, gas, and petrochemicals, with its shares listed on the Vienna Stock Exchange. The company operates upstream exploration and production activities, as well as downstream refining, marketing, and chemical businesses serving European and international markets.

Average Trading Volume: 415,537

Current Market Cap: €20.67B

For an in-depth examination of OMV stock, go to TipRanks’ Overview page.