From GlobeNewswire:

BW Energy has reported the mandatory notification of the exercise of existing Restricted Share Units (RSUs) under their Long Term Incentive Plan. The Board of Directors has decided to settle the RSUs in cash, with a total settlement of the cash amount to be allocated to various executives. CEO Carl K. Arnet exercised 86,333 RSUs and will receive NOK 2,322,385 in cash settlement. Following this, the Company will have a total of 85,998 outstanding RSUs and 4,670,400 options. For more information, contact ir@bwenergy.no. BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments.



Read more: BW Energy: Mandatory Notification of Trade