BW LPG Limited - Management Share Option Plan “LTIP 2022” – Exercise of Options and Sale of Shares by Primary Insiders
BW LPG (NYSE: BWLP) announced that primary insiders exercised vested options and sold shares on August 29, 2024. This follows the accelerated vesting of options granted under the 'LTIP 2022' plan. The company settled the exercised options by transferring treasury shares, resulting in 7,743,557 remaining treasury shares.
Three primary insiders exercised and sold options:
- Prodyut Banerjee (VP and Head of Operations): Exercised 24,840 options at NOK 0.7457 each and sold all shares at an average price of NOK 161.1115 per share.
- Knut-Helge Knutsen (VP and Head of Technical): Exercised 24,840 options at NOK 0.7457 each.
- Iver Baatvik (VP and Head of Corporate Development): Exercised 24,840 options at NOK 0.7457 each.
BW LPG is the world's leading owner and operator of LPG vessels, with a total carrying capacity of over 3 million CBM.
BW LPG (NYSE: BWLP) ha annunciato che i principali insider hanno esercitato opzioni maturate e venduto azioni il 29 agosto 2024. Ciò segue la maturazione accelerata delle opzioni concesse nell'ambito del piano 'LTIP 2022'. L'azienda ha regolato le opzioni esercitate trasferendo azioni proprie, portando a 7.743.557 azioni proprie residue.
Tre principali insider hanno esercitato e venduto opzioni:
- Prodyut Banerjee (VP e Responsabile delle Operazioni): Ha esercitato 24.840 opzioni a NOK 0,7457 ciascuna e ha venduto tutte le azioni a un prezzo medio di NOK 161,1115 per azione.
- Knut-Helge Knutsen (VP e Responsabile Tecnico): Ha esercitato 24.840 opzioni a NOK 0,7457 ciascuna.
- Iver Baatvik (VP e Responsabile dello Sviluppo Aziendale): Ha esercitato 24.840 opzioni a NOK 0,7457 ciascuna.
BW LPG è il principale proprietario e operatore di navi LPG al mondo, con una capacità di carico totale di oltre 3 milioni di CBM.
BW LPG (NYSE: BWLP) anunció que los principales insiders ejercieron opciones adquiridas y vendieron acciones el 29 de agosto de 2024. Esto sigue a la adquisición acelerada de las opciones otorgadas bajo el plan 'LTIP 2022'. La empresa liquidó las opciones ejercidas transfiriendo acciones en tesorería, resultando en 7.743.557 acciones en tesorería restantes.
Tres principales insiders ejercieron y vendieron opciones:
- Prodyut Banerjee (VP y Jefe de Operaciones): Ejerció 24.840 opciones a NOK 0,7457 cada una y vendió todas las acciones a un precio promedio de NOK 161,1115 por acción.
- Knut-Helge Knutsen (VP y Jefe Técnico): Ejerció 24.840 opciones a NOK 0,7457 cada una.
- Iver Baatvik (VP y Jefe de Desarrollo Corporativo): Ejerció 24.840 opciones a NOK 0,7457 cada una.
BW LPG es el principal propietario y operador de buques de LPG en el mundo, con una capacidad de carga total de más de 3 millones de CBM.
BW LPG (NYSE: BWLP)는 주요 내부자가 2024년 8월 29일에 베스티드 옵션을 행사하고 주식을 매각했다고 발표했습니다. 이는 'LTIP 2022' 계획에 따라 부여된 옵션의 가속화된 베스팅에 따른 것입니다. 회사는 행사된 옵션을 자사주를 이전하여 정산했으며, 결과적으로 7,743,557주의 자사주가 남아 있습니다.
세 명의 주요 내부자가 옵션을 행사하고 매각했습니다:
- Prodyut Banerjee (부사장 및 운영 책임자): 각 NOK 0.7457에 24,840 옵션을 행사하고, 주식을 NOK 161.1115의 평균 가격으로 모두 판매했습니다.
- Knut-Helge Knutsen (부사장 및 기술 책임자): 각 NOK 0.7457에 24,840 옵션을 행사했습니다.
- Iver Baatvik (부사장 및 기업 개발 책임자): 각 NOK 0.7457에 24,840 옵션을 행사했습니다.
BW LPG는 세계에서 가장 큰 LPG 선박의 소유자 및 운영자로, 총 수송 용량이 300만 CBM을 초과합니다.
BW LPG (NYSE: BWLP) a annoncé que des initiés principaux ont exercé des options acquises et vendu des actions le 29 août 2024. Cela fait suite à l'acquisition accélérée d'options accordées dans le cadre du plan 'LTIP 2022'. La société a réglé les options exercées en transférant des actions de trésorerie, ce qui a entraîné 7.743.557 actions de trésorerie restantes.
Trois initiés principaux ont exercé et vendu des options :
- Prodyut Banerjee (VP et Responsable des Opérations) : a exercé 24.840 options à NOK 0,7457 chacune et a vendu toutes les actions à un prix moyen de NOK 161,1115 par action.
- Knut-Helge Knutsen (VP et Responsable Technique) : a exercé 24.840 options à NOK 0,7457 chacune.
- Iver Baatvik (VP et Responsable du Développement d'Entreprise) : a exercé 24.840 options à NOK 0,7457 chacune.
BW LPG est le principal propriétaire et opérateur de navires LPG au monde, avec une capacité de transport totale de plus de 3 millions de CBM.
BW LPG (NYSE: BWLP) gab bekannt, dass Hauptinsider am 29. August 2024 ausgeübte Optionen und verkaufte Aktien verkauft haben. Dies folgt der beschleunigten Ausübung von Optionen, die im Rahmen des 'LTIP 2022' Plans gewährt wurden. Das Unternehmen hat die ausgeübten Optionen durch den Transfer von Schatzaktien beglichen, was zu 7.743.557 verbleibenden Schatzaktien führt.
Drei Hauptinsider haben Optionen ausgeübt und verkauft:
- Prodyut Banerjee (VP und Leiter der Betriebsabläufe): Hat 24.840 Optionen zu je NOK 0,7457 ausgeübt und alle Aktien zu einem Durchschnittspreis von NOK 161,1115 pro Aktie verkauft.
- Knut-Helge Knutsen (VP und Technischer Leiter): Hat 24.840 Optionen zu je NOK 0,7457 ausgeübt.
- Iver Baatvik (VP und Leiter der Unternehmensentwicklung): Hat 24.840 Optionen zu je NOK 0,7457 ausgeübt.
BW LPG ist der weltweit führende Eigentümer und Betreiber von LPG-Schiffen, mit einer Gesamtträgerkapazität von über 3 Millionen CBM.
- BW LPG maintains its position as the world's leading owner and operator of LPG vessels
- The company has a significant fleet capacity of over 3 million CBM
- Successful execution of the management share option plan demonstrates alignment with shareholder interests
- Sale of shares by primary insiders could potentially signal a lack of confidence in future stock performance
The exercised options were settled by the Company by transfer of treasury shares. Following the transfer, the Company will hold 7,743,557 treasury shares.
The exercise of vested options and sale of shares by the primary insiders are as set out below:
Prodyut Banerjee, Vice President and Head of Operations
Options (granted in 2022) exercised, each having a strike price of
Total number of shares held following the option exercise: 24,840
Number of shares sold: 24,840
Average price sold at:
Number of shares held following the sale: 0
Knut-Helge Knutsen, Vice President and Head of Technical
Options (granted in 2022) exercised, each having a strike price of
Total number of shares held following the option exercise: 24,840
Iver Baatvik, Vice President and Head of Corporate Development
Options (granted in 2022) exercised, each having a strike price of
Total number of shares held following the option exercise: 24,840
Please refer to the attached for further details.
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. More information about BW LPG can be found at https://www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse Regulation.
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
a) |
Name |
Prodyut Banerjee
|
2 |
Reason for the notification |
|
a) |
Position/status |
Vice President and Head of Operations |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of issuer |
|
a) |
Name |
BW LPG Ltd |
b) |
LEI |
5493006WBEME88YFDW23 |
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument Identification code |
Options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
b) |
Nature of the transaction |
Exercise of options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
c) |
Price(s) and volume(s) |
Price(s) Volume(s)
|
d) |
Aggregated information - Aggregated Volume - Price |
Exercise of 24,840 options for a total of
|
e) |
Date of the transaction |
2024-08-29 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
a) |
Name |
Knut-Helge Knutsen
|
2 |
Reason for the notification |
|
a) |
Position/status |
Vice President and Head of Technical |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of issuer |
|
a) |
Name |
BW LPG Ltd |
b) |
LEI |
5493006WBEME88YFDW23 |
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument Identification code |
Options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
b) |
Nature of the transaction |
Exercise of options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
c) |
Price(s) and volume(s) |
Price(s) Volume(s)
|
d) |
Aggregated information - Aggregated Volume - Price |
Exercise of 24,840 options for a total of
|
e) |
Date of the transaction |
2024-08-29 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
a) |
Name |
Iver Baatvik
|
2 |
Reason for the notification |
|
a) |
Position/status |
Vice President and Head of Corporate Development |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of issuer |
|
a) |
Name |
BW LPG Ltd |
b) |
LEI |
5493006WBEME88YFDW23 |
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument Identification code |
Options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
b) |
Nature of the transaction |
Exercise of options relating to shares in BW LPG Ltd (ISIN SGXZ69436764) |
c) |
Price(s) and volume(s) |
Price(s) Volume(s)
|
d) |
Aggregated information - Aggregated Volume - Price |
Exercise of 24,840 options for a total of
|
e) |
Date of the transaction |
2024-08-29 |
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
a) |
Name |
Prodyut Banerjee
|
2 |
Reason for the notification |
|
a) |
Position/status |
Vice President and Head of Operations |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of issuer |
|
a) |
Name |
BW LPG Ltd |
b) |
LEI |
5493006WBEME88YFDW23 |
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|
a) |
Description of the financial instrument, type of instrument Identification code |
Shares in BW LPG Ltd (ISIN SGXZ69436764) |
b) |
Nature of the transaction |
Sale of shares in BW LPG Ltd (ISIN SGXZ69436764) |
c) |
Price(s) and volume(s) |
Price(s) Volume(s)
|
d) |
Aggregated information - Aggregated Volume - Price |
Sale of 24,840 shares for a total of
|
e) |
Date of the transaction |
2024-08-29 |
f) |
Place of the transaction |
Oslo Stock Exchange, MIC: XOSL |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240830454546/en/
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
Source: BW LPG Limited
FAQ
How many options did BW LPG (BWLP) primary insiders exercise on August 29, 2024?
What was the strike price for the exercised options in BW LPG's (BWLP) LTIP 2022 plan?
How many treasury shares does BW LPG (BWLP) hold after the option exercise on August 29, 2024?
At what price did Prodyut Banerjee sell his BW LPG (BWLP) shares on August 29, 2024?
