Nordic Semiconductor

Director's Dealing • May 6, 2022

NOD: Reporting of transactions made by persons discharging managerial responsibilities in Nordic Semiconductor ASA's shares

NOD: Reporting of transactions made by persons discharging managerial responsibilities in Nordic Semiconductor ASA's shares

NOD: Grant of Restricted Stock Units and Performance Shares

On April 28th, 2022 The Annual General Meeting of Nordic Semiconductor ASA approved the issue of up to 550 000 Restricted Stock Units (RSUs) and Performance Shares, equivalent to approximately 0.3% of the company’s outstanding share capital.

In total in this release, 517,053 RSUs and Performance Shares have been granted, equivalent to 0.27% of the company’s outstanding share capital.

As basis for the calculation of RSUs and Performance Shares, a weighted average share price the five trading days after the Annual General Meeting of NOK 183.8 has been used.

All Employee Plan

Today, on May 6th, 2022 the company has granted 456,301 RSUs to employees under the all-employee program. For employees, the RSUs will vest after two years and the shares will be delivered to the employee at the vesting date against payment of the par value of the share (subject to the employee's continued employment with the Company). The shares may be newly issued shares or existing treasury shares.

Primary insiders in Nordic Semiconductor have received the following RSUs, according to the terms described above:

Employee elected Board member Jon Helge Nistad has been granted 418 RSUs. Following this transaction, he holds 600 shares and 716 RSUs in the Company.

Employee elected Board member Susheel Raj Nuguru has been granted 288 RSUs. Following this transaction, he holds 600 shares and 574 RSUs in the Company.

Employee elected Board member Morten Dammen has been granted 608 RSUs. Following this transaction, he holds 1,150 shares and 2,715 RSUs in the Company.

Employee elected Board member Joel Stapleton has been granted 598 RSUs. Following this transaction, he holds 575 shares and 3,691 RSUs in the Company.

Executive Management Plan

With reference to the Annual general meeting held on April 28th, 2022, members of the Executive Management team have today been granted a total of 30,376 RSUs and 30,376 performance shares in the company. The RSUs will vest after three years and the shares will be delivered to the employee at the vesting date against payment of the par value of the share (subject to the employee's continued employment with the Company). The shares may be newly issued shares or existing treasury shares. The performance shares are issued conditional upon the achievement of a certain set of objectives. The performance shares vest and will be delivered at par value upon the completion of the performance period, which is three years.

If the executive achieves at least 80% of the set performance targets, 50% of the shares will be granted, whilst on 120% achievement of targets a maximum two times the shares will be granted. As such, if maximum performance is achieved on the performance shares, a total of 60,012 shares will be delivered to the executive management team. If less than 80% performance is achieved, zero shares will be delivered.

Details below is based on 100% performance achievement. For further details on the program, please refer to the Guidelines for Executive Compensation that was approved by the Annual General Meeting.

Svenn-Tore Larsen, CEO, received 6,532 RSUs and 6,532 performance shares. Following the grant, Svenn-Tore has 1,932,272 shares, 28,086 RSUs and 23,366 performance shares in the company.

Pål Elstad, CFO, received 3,193 RSUs and 3,193 performance shares. Following the grant, Pål has 31,650 shares, 12,594 RSUs and 12,594 performance shares in the company.

Svein-Egil Nielsen, CTO, received 3,609 RSUs and 3,609 performance shares. Following the grant, Svein-Egil has 32,244 shares, 14,236 RSUs and 14,236 performance shares in the company.

Geir Langeland, EVP Sales and Marketing, received 3,379 RSUs and 3,379 performance shares. Following the grant, Geir has 201,114 shares, 16,139 RSUs and 13,189 performance shares in the company.

Ole-Fredrik Morken, EVP Supply Chain, received 2,429 RSUs and 2,429 performance shares. Following the grant, Ole-Fredrik has 190,670 shares, 9,995 RSUs and 9,995 performance shares in the company.

Ebbe Rømcke, SVP Quality & Sustainability, received 2,111 RSUs and 2,111 performance shares in the company. Following the grant, Ebbe has 74,168 shares, 8,446 RSUs and 8,446 performance shares in the company.

Marianne Frydenlund, SVP Legal, received 1,994 RSUs and 1,994 performance shares. Following the grant, Marianne has 6,006 shares, 7,921 RSUs and 7,921 performance shares in the company.

Kjetil Holstad, EVP Product Management, received 2,380 RSUs and 2,380 performance shares. Following the grant, Kjetil has 10,415 shares, 8,812 RSUs and 8,812 performance shares in the company.

Ståle Ytterdal, SVP Investor Relations, received 2,087 RSUs and 2,087 performance shares. Following the grant, Ståle has 135,452 shares, 8,567 RSUs and 8,567 performance shares in the company.

Katarina Finneng, EVP People & Communication, received 2,662 RSUs and 2,662 performance shares. Following the grant, Katarina has 600 shares, 10,427 RSUs and 10,427 performance shares in the company.

For further information, please contact: Pål Elstad, CFO pal.elstad@nordicsemi.no +47 99 166 293

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5 -12.