GOGL - Mandatory notification of trade by primary insiders

Rhea-AI Summary

Golden Ocean Group Ltd has announced that eligible option holders have exercised share options. CEO Ulrik Uhrenfeldt Andersen exercised 300,000 options and sold the same number of shares, now retaining 250,000 options. CFO Peder Simonsen exercised 75,000 options, sold 75,000 shares, and currently holds 200,000 options and 500 shares. These transactions comply with Article 19 of the Market Abuse Regulation and the Norwegian Securities Trading Act, with additional details provided in the attached forms.

Positive

• Transparency in share option exercise and sales by CEO and CFO.
• CEO and CFO continue to hold significant share options post-exercise.

Negative

• Immediate sale of all exercised shares could indicate lack of confidence in stock performance.

Eligible option holders in Golden Ocean Group Ltd (the “Company”) have today exercised share options in accordance with the terms previously announced.

Ulrik Uhrenfeldt Andersen, CEO, has exercised 300,000 share options and subsequently sold 300,000 shares. Following the exercise, Mr. Andersen holds 250,000 share options.

Peder Simonsen, CFO, has exercised 75,000 share options and has subsequently sold 75,000 shares. Following the exercise, Mr. Simonsen holds 200,000 share options and 500 shares.

Please see the attached forms for notification and public disclosure of transaction attached for details.

This notification has been publicly disclosed in accordance with Article 19 of the Market Abuse Regulation section 5-12 of the Norwegian Securities Trading Act.

 

 

Attachment

• GOGL - Disclosure of transaction by PDMR

FAQ

What transactions did the CEO of GOGL perform recently?

The CEO, Ulrik Uhrenfeldt Andersen, exercised 300,000 share options and sold 300,000 shares.

How many share options does the CFO of GOGL hold after exercising?

CFO Peder Simonsen holds 200,000 share options and 500 shares after exercising 75,000 options and selling them.

What regulatory compliance did GOGL's recent transactions follow?

The transactions were disclosed in accordance with Article 19 of the Market Abuse Regulation and the Norwegian Securities Trading Act.

What is the significance of share option exercises by GOGL executives?

These exercises indicate management's financial engagement but also raise questions about their confidence in the company's stock.