Nordnet Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Lars-Ake Norling

Chief executive officer

SEK 10.6m

Total compensation

CEO salary percentage	73.6%
CEO tenure	5yrs
CEO ownership	0.5%
Management average tenure	4.3yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lars-Ake Norling's remuneration changed compared to Nordnet's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	SEK 3b
Mar 31 2024	n/a	n/a	SEK 3b
Dec 31 2023	SEK 11m	SEK 8m	SEK 2b
Sep 30 2023	n/a	n/a	SEK 2b
Jun 30 2023	n/a	n/a	SEK 2b
Mar 31 2023	n/a	n/a	SEK 2b
Dec 31 2022	SEK 10m	SEK 7m	SEK 2b
Sep 30 2022	n/a	n/a	SEK 2b
Jun 30 2022	n/a	n/a	SEK 2b
Mar 31 2022	n/a	n/a	SEK 2b
Dec 31 2021	SEK 10m	SEK 7m	SEK 2b

Compensation vs Market: Lars-Ake's total compensation ($USD1.04M) is below average for companies of similar size in the German market ($USD3.41M).

Compensation vs Earnings: Lars-Ake's compensation has been consistent with company performance over the past year.

CEO

Lars-Ake Norling (56 yo)

5yrs

Tenure

SEK 10,600,000

Compensation

Mr. Lars-Ake Valdemar Norling has been the CEO of Nordnet AB (publ) since September 1, 2019. Mr. Norling is the Chief Executive Officer of Nordnet Bank AB since September 1, 2019. He has been an Independen...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lars-Ake Norling	Chief Executive Officer	5yrs	SEK 10.60m	0.51% SEK 27.4m
Rasmus Jarborg	Deputy CEO & Chief Product Officer	5.9yrs	SEK 4.60m	0.072% SEK 3.9m
Lennart Kran	Chief Financial Officer	5.7yrs	no data	0.0027% SEK 148.8k
Elias Lindholm	Chief Technology Officer	3.7yrs	no data	no data
Marcus Lindberg	Head of Investor Relations	2.3yrs	no data	no data
Johan Tidestad	Chief Communications Officer	12.7yrs	no data	no data
Carina Tovi	Chief Human Resources Officer	3.7yrs	no data	0.0040% SEK 215.4k
Per Lindberg	CEO Nordnet Pensionsforsakring	1.7yrs	no data	no data

4.3yrs

Average Tenure

52yo

Average Age

Experienced Management: 9JL's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tom Dinkelspiel	Independent Chairman of the Board	17.7yrs	SEK 700.00k	1.95% SEK 105.4m
Fredrik Bergstrom	Independent Director	1.9yrs	SEK 500.00k	no data
Charlotta Nilsson	Independent Director	3.4yrs	SEK 600.00k	no data
Karitha Ericson	Independent Director	5.7yrs	SEK 600.00k	0.040% SEK 2.2m
Therese Hillman	Director	less than a year	no data	no data
Johan Akerblom	Director	less than a year	no data	no data
Anna Back	Independent Director	4.4yrs	SEK 500.00k	0.046% SEK 2.5m
Henrik Rattzen	Independent Director	1.9yrs	SEK 500.00k	0.0013% SEK 69.8k

2.7yrs

Average Tenure

53yo

Average Age

Experienced Board: 9JL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Nordnet Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Executive Officer recently sold €5.1m worth of stock

Chief Financial Officer recently sold €682k worth of stock

Nordnet AB (publ) Announces Executive Changes, Effective 1 May 2024

Independent Director recently sold €355k worth of stock

Nordnet AB (Publ) Leaves Gustaf Unger as Board of Directors

Insider recently sold €645k worth of stock

Recent updates

Now 21% overvalued after recent price rise

New minor risk - Insider selling

Chief Executive Officer recently sold €5.1m worth of stock

Now 20% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: kr2.86 (vs kr2.27 in 2Q 2023)

Chief Financial Officer recently sold €682k worth of stock

Now 21% overvalued after recent price rise

Nordnet AB (publ) Approves Dividend, Expects to Be Distributed on 7 May 2024

Now 21% overvalued after recent price rise

Upcoming dividend of kr7.20 per share

Now 11% overvalued after recent price rise

Upcoming dividend of kr7.20 per share

Nordnet AB (publ) Announces Executive Changes, Effective 1 May 2024

Full year 2023 earnings released: EPS: kr9.83 (vs kr6.36 in FY 2022)

Independent Director recently sold €355k worth of stock

Nordnet AB (Publ) Leaves Gustaf Unger as Board of Directors

Insider recently sold €645k worth of stock

Dividend of kr7.20 announced

Full year 2023 earnings released: EPS: kr9.83 (vs kr6.36 in FY 2022)

Insider recently sold €312k worth of stock

Independent Director recently sold €430k worth of stock

Third quarter 2023 earnings released: EPS: kr2.64 (vs kr1.54 in 3Q 2022)

Now 21% undervalued

Nordnet Launches Mutual Fund Nordnet Index Global 125

Nordnet AB (publ) to Report First Half, 2024 Results on Jul 23, 2024

Now 21% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: kr2.27 (vs kr0.89 in 2Q 2022)

Nordnet AB (publ) to Report Fiscal Year 2023 Results on Jan 31, 2024

Upcoming dividend of kr4.60 per share at 2.6% yield

Full year 2022 earnings released: EPS: kr6.36 (vs kr7.79 in FY 2021)

Deputy CEO & Chief Product Officer recently bought €142k worth of stock

Insider recently sold €721k worth of stock

Insider recently sold €1.6m worth of stock

Nordnet AB (publ) (OM:SAVE) entered into an agreement to acquire Consumer fiber operator business of Netgem.

Full year 2022 earnings released: EPS: kr6.62 (vs kr7.79 in FY 2021)

Chief Financial Officer recently sold €350k worth of stock

Independent Chairman of the Board recently bought €14m worth of stock

High number of new directors

Investor sentiment improved over the past week

High number of new directors

Nordnet AB (publ) to Report Nine Months, 2023 Results on Oct 24, 2023

Third quarter 2022 earnings released: EPS: kr1.60 (vs kr1.60 in 3Q 2021)

Nordnet AB (publ) to Report First Half, 2022 Results on Jul 25, 2023

Investor sentiment deteriorated over the past week

Nordnet AB (publ), Annual General Meeting, Apr 18, 2023

Nordnet AB (publ) to Report Q1, 2023 Results on Apr 25, 2023

Second quarter 2022 earnings released: EPS: kr0.95 (vs kr1.73 in 2Q 2021)

Chief Financial Officer recently sold €435k worth of stock

Independent Chairman of the Board recently bought €345k worth of stock

First quarter 2022 earnings released: EPS: kr1.95 (vs kr2.63 in 1Q 2021)

Upcoming dividend of kr5.56 per share

Nordnet AB (Publ) Announces Jan Dinkelspiel Not Available for Re-Election for Board

Nordnet's Fund Company Receives Its License from the FSA

Chief Financial Officer recently sold €454k worth of stock

Investor sentiment deteriorated over the past week

Independent Director recently sold €1.2m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Nordnet AB (publ) to Report Nine Months, 2022 Results on Oct 28, 2022

Independent Chairman of the Board recently bought €289k worth of stock

Nordnet AB (publ) Proposes Dividend for the Year 2021

Insider recently sold €1.1m worth of stock

Nordnet AB (Publ) Announces Additional Dividends for the Year 2020, Payable on 21 December 2021

Upcoming dividend of kr1.77 per share

Third quarter 2021 earnings released: EPS kr1.64 (vs kr1.07 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr1.73 (vs kr1.17 in 2Q 2020)

Independent Director has left the company

Nordnet AB (Publ) Approves Dividend, Payable on 6 May 2021

Full year 2020 earnings released: EPS kr4.55 (vs kr1.25 in FY 2019)

Full year 2020 earnings released: EPS kr4.69