DHT Holdings, Inc.
For the period ended May 5, 2026. Filed May 5, 2026.
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May 5, 2026 · Filed May 5, 2026
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Contents
EX-99.2 · Long-term Incentive Program
Long-term Incentive Program
DHT’s long-term incentive program is designed to focus management on the creation of long-term, sustained performance that achieves growth, attractive returns on investment and effective capital management, resulting in the creation of long-term value for our shareholders. During 2025, DHT utilized the 2025 Plan to implement its long-term incentive program through grants of restricted stock awards. The 2025 Plan is designed to encourage employee retention and equity ownership. Prior to 2025, long-term incentive awards were issued under the 2011 Incentive Compensation Plan, the 2012 Incentive Compensation Plan, the 2014 Incentive Compensation Plan, the 2016 Incentive Compensation Plan, the 2019 Incentive Compensation Plan and the 2022 Incentive Compensation Plan (the “2022 Plan” and, collectively, the “Prior Plans”). Outstanding awards previously granted under the Prior Plans remain subject to the terms and conditions of the applicable Plan under which they were granted, but no new awards may be granted under the Prior Plans. The Company intends to grant future long-term incentive awards under the 2025 Plan.
For the year 2025, Mr. Harfjeld was awarded 150,000 shares of restricted stock pursuant to the 2025 Plan in January 2026, of which 30,000 shares will vest in January 2027, 30,000 shares will vest in January 2028, and 30,000 shares will vest in January 2029, subject to continued employment. The remaining 60,000 shares will vest subject to certain market conditions prior to December 2028. For the year 2025, Ms. Halvorsen was awarded 50,000 shares of restricted stock pursuant to the 2025 Plan in January 2026, of which 12,500 shares will vest in January 2027, 12,500 shares will vest in January 2028, and 12,500 shares will vest in January 2029, subject to continued employment. The remaining 12,500 shares will vest subject to certain market conditions prior to December 2028.
For the year 2024, Mr. Harfjeld was awarded 150,000 shares of restricted stock pursuant to the 2022 Plan in January 2025, of which 30,000 shares vested in January 2026, 30,000 shares will vest in January 2027, and 30,000 shares will vest in January 2028, subject to continued employment. The remaining 60,000 shares vested in March 2025, subject to certain market conditions. For the year 2024, Ms. Halvorsen was awarded 50,000 shares of restricted stock pursuant to the 2022 Plan in January 2025, of which 12,500 shares vested in January 2026, 12,500 shares will vest in January 2027, and 12,500 shares will vest in January 2028, subject to continued employment. The remaining 12,500 shares vested in March 2025, subject to certain market conditions.
For the year 2023, Mr. Harfjeld was awarded 150,000 shares of restricted stock pursuant to the 2022 Plan in January 2024, of which 30,000 shares vested in January 2025, 30,000 shares vested in January 2026, and 30,000 shares will vest in January 2027, subject to continued employment. The remaining 60,000 shares vested in December 2024, subject to certain market conditions. For the year 2023, Ms. Halvorsen was awarded 50,000 shares of restricted stock pursuant to the 2022 Plan in January 2024, of which 12,500 shares vested in January 2025, 12,500 shares vested in January 2026, and 12,500 shares will vest in January 2027, subject to continued employment. The remaining 12,500 shares vested in December 2024, subject to certain market conditions. During the relevant vesting periods of the restricted stock, each executive officer will be credited with additional shares of restricted stock in an amount equal to the value of the dividends that would have been paid on the awarded restricted stock had it been fully vested on the date of grant. These additional shares will be transferred to each executive officer at the same time as the corresponding shares of restricted stock vest.
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