Gulf Keystone Announces New Long Term Incentive Plan Awards

Gulf Keystone Petroleum Ltd. has announced the issuance of new awards under their 2024 Long Term Incentive Plan (LTIP) for April 2026. These awards were granted to both employees and those with managerial responsibilities, including key personnel in the Kurdistan Region. The awards relate to common shares and were based on the company's mid-market closing price of 213p on March 31, 2026.

The vesting of these awards depends on meeting performance conditions tied to total shareholder return over three years. Key executives, including CEO Jon Harris and CFO Gabriel Papineau-Legris, received significant allocations of 495,861 and 284,781 shares, respectively. Additional awards were provided to non-managerial staff, with a portion subject to time-based vesting.

This initiative reflects Gulf Keystone's ongoing commitment to align employee incentives with long-term company performance objectives.