Cool Company Ltd.: Granting of Restricted Stock Units to Primary Insiders

Rhea-AI Summary

Cool Company (CLCO) has announced the granting of Restricted Stock Units (RSUs) as part of its Long-Term Incentive Program (LTIP). The Board has authorized 205,871 RSUs to employees and management, representing approximately 0.38% of the company's share capital.

The RSUs will vest equally over four installments between November 2025 and November 2028. Key allocations include:

• CEO Richard Tyrrell: 14,404 RSUs (total holdings: 8,545 shares, 22,745 RSUs, 371,227 Options)
• CFO Johannes Boots: 7,789 RSUs (total holdings: 1,764 shares, 12,205 RSUs, 123,742 Options)

Positive

• Long-term executive retention through four-year vesting schedule
• Management interests aligned with shareholders through equity-based compensation

Negative

• 0.38% potential dilution to existing shareholders

LONDON--(BUSINESS WIRE)-- The Company’s board of directors (the “Board”) has resolved, in accordance with the Company’s Long-Term Incentive Program (“LTIP”), to authorize Restricted Stock Units (“RSUs”) for 2025, as further detailed below.

Pursuant to the LTIP, the Board has resolved to grant a total number of 205,871 RSUs to employees and management of the Company (equivalent to approximately 0.38% of the Company's share capital).

Pursuant to the LTIP, RSUs vest into shares of the Company. The RSUs will vest equally in four installments on each of November 28, 2025, November 30, 2026, November 30, 2027, and November 30, 2028.

Primary Insiders

The following Primary Insiders have been granted RSUs:

• Richard Tyrrell (CEO and Director) has been granted 14,404 RSUs. Following the new RSU grant, Richard Tyrrell holds 8,545 shares, 22,745 RSUs, and 371,227 Options in CoolCo.
• Johannes Boots (CFO) has been granted 7,789 RSUs. Following the new RSU grant, Johannes Boots holds 1,764 shares, 12,205 RSUs, and 123,742 Options in CoolCo.

Please see the enclosed forms for further details about the transaction.

Full details of the LTIP are available in the Press Release issued on November 25, 2022, or in the Company’s 2023 Annual Report on Form 20-F as filed with the SEC.

Additional information about CoolCo can be found at www.coolcoltd.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327149241/en/

For further information, please contact:

c/o Cool Company Ltd - +44 207 659 1111 / ir@coolcoltd.com

Richard Tyrrell - Chief Executive Officer

Johannes Boots - Chief Financial Officer

Source: Cool Company Ltd.

FAQ

How many RSUs did Cool Company (CLCO) grant in their 2025 incentive program?

Cool Company granted 205,871 RSUs, representing 0.38% of the company's share capital.

What is the vesting schedule for CLCO's 2025 RSU grants?

The RSUs will vest in four equal installments on Nov 28, 2025, Nov 30, 2026, Nov 30, 2027, and Nov 30, 2028.

How many RSUs were granted to CLCO's CEO Richard Tyrrell?

CEO Richard Tyrrell was granted 14,404 RSUs, bringing his total holdings to 8,545 shares, 22,745 RSUs, and 371,227 Options.

What are the total holdings of CLCO's CFO Johannes Boots after the new RSU grant?

CFO Johannes Boots holds 1,764 shares, 12,205 RSUs, and 123,742 Options after receiving 7,789 new RSUs.