Nordnet Management

Management criteria checks 3/4

Nordnet's CEO is Lars-Ake Norling, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is SEK10.60M, comprised of 73.6% salary and 26.4% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth €24.10M. The average tenure of the management team and the board of directors is 4.5 years and 2.8 years respectively.

Key information

Lars-Ake Norling

Chief executive officer

SEK 10.6m

Total compensation

CEO salary percentage	73.6%
CEO tenure	5.2yrs
CEO ownership	0.5%
Management average tenure	4.5yrs
Board average tenure	2.8yrs

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
Sep 30 2024	n/a	n/a	SEK 3b
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 ($USD986.15K) is below average for companies of similar size in the German market ($USD3.31M).

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

CEO

Lars-Ake Norling (56 yo)

5.2yrs

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	5.2yrs	SEK 10.60m	0.51% € 24.1m
Rasmus Jarborg	Deputy CEO & Chief Product Officer	6.1yrs	SEK 4.60m	0.072% € 3.4m
Lennart Kran	Chief Financial Officer	5.8yrs	no data	0.0028% € 131.5k
Elias Lindholm	Chief Technology Officer	3.8yrs	no data	no data
Marcus Lindberg	Head of Investor Relations	2.5yrs	no data	no data
Johan Tidestad	Chief Communications Officer	12.8yrs	no data	no data
Carina Tovi	Chief Human Resources Officer	3.8yrs	no data	0.0040% € 189.6k
Per Lindberg	CEO Nordnet Pensionsforsakring	1.8yrs	no data	no data

4.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 9JL's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tom Dinkelspiel	Independent Chairman of the Board	17.8yrs	SEK 700.00k	1.95% € 92.8m
Fredrik Bergstrom	Independent Director	2.1yrs	SEK 500.00k	no data
Charlotta Nilsson	Independent Director	3.6yrs	SEK 600.00k	no data
Karitha Ericson	Independent Director	5.8yrs	SEK 600.00k	0.040% € 1.9m
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	4.6yrs	SEK 500.00k	0.046% € 2.2m
Henrik Rattzen	Independent Director	2.1yrs	SEK 500.00k	0.0013% € 61.4k

2.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 9JL's board of directors are not considered experienced ( 2.8 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

Nordnet Launches Livrente - Denmark's Largest Pension Product

Third quarter 2024 earnings released: EPS: kr2.77 (vs kr2.51 in 3Q 2023)

Now 20% overvalued

Nordnet AB (publ) to Report Fiscal Year 2024 Results on Jan 28, 2025

Ikano Bank AB (publ) completed the acquisition of Consumer Finance Portfolio of Nordnet AB (publ) (OM:SAVE) for approximately SEK 3.5 billion.

Ikano Bank AB (publ) completed the acquisition of Consumer Finance Portfolio of Nordnet AB (publ) (OM:SAVE) for approximately SEK 3.5 billion.

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