TGS - Vesting of 2023 Restricted Share Unit Award and Delivery of Shares
Oslo, Norway (9 March 2026) – On 1 March 2026, 15,000 Restricted Share Units (RSUs) granted to Carel Hooijkaas on 1 March 2023, in accordance with the terms of his employment agreement, as approved by the Board of Directors of TGS ASA, and TGS Remuneration Policy, approved by the shareholders of TGS ASA, vested.
Each vested RSU represents the right to receive one share of the Company’s common stock, with the shares to be issued from the Company’s treasury stock. Of the 15,000 RSUs granted to Carel Hooijkaas, 12,534 TGS shares were delivered today. The fair market value of the remaining shares is used to cover withholding obligations and other necessary deductions that arise in connection with the vest.
After the transaction, Carel Hooijkaas owns 65,698 shares in TGS, and the number of treasury shares in TGS is 114,409.
About TGS
TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com.
For more information, visit TGS.com or contact:
Bård Stenberg
VP IR & Business Intelligence
investor@tgs.com
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