[2] The main prize is named after Herálvur Geyti, who was better known as Geytin.
There are two prizes, both are handed at en event in the Nordic House.
The main prize, Geytin, is 30 000 DKK[3] and a statuette, depicting the original person Geytin, the statuette is designed by Astrid Andreassen and Dávur Geyti.
The first time the prizes were handed was on 11 December 2012 at a film festival called Geytin, in the Nordic House in Tórshavn where all the nominated films were shown.
[4] Sakaris Stórá from Skopun won the first Geytin film prize for the short movie for Summarnátt (Summer Night), and Annika á Lofti won the Audience Award (Faroese: Áskoðaravirðislønin) for the film Mist.