Paragon Banking Group Management

Management criteria checks 3/4

Paragon Banking Group's CEO is Nigel Terrington, appointed in Jun 1995, has a tenure of 28.92 years. total yearly compensation is £3.26M, comprised of 28.3% salary and 71.7% bonuses, including company stock and options. directly owns 0.66% of the company’s shares, worth €11.22M. The average tenure of the management team and the board of directors is 5.3 years and 4.2 years respectively.

Key information

Nigel Terrington

Chief executive officer

UK£3.3m

Total compensation

CEO salary percentage	28.3%
CEO tenure	28.9yrs
CEO ownership	0.7%
Management average tenure	5.3yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nigel Terrington's remuneration changed compared to Paragon Banking Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	UK£3m	UK£921k	UK£154m
Jun 30 2023	n/a	n/a	UK£198m
Mar 31 2023	n/a	n/a	UK£242m
Dec 31 2022	n/a	n/a	UK£278m
Sep 30 2022	UK£3m	UK£629k	UK£314m
Jun 30 2022	n/a	n/a	UK£257m
Mar 31 2022	n/a	n/a	UK£199m
Dec 31 2021	n/a	n/a	UK£182m
Sep 30 2021	UK£3m	UK£599k	UK£165m
Jun 30 2021	n/a	n/a	UK£143m
Mar 31 2021	n/a	n/a	UK£121m
Dec 31 2020	n/a	n/a	UK£106m
Sep 30 2020	UK£2m	UK£563k	UK£91m
Jun 30 2020	n/a	n/a	UK£103m
Mar 31 2020	n/a	n/a	UK£114m
Dec 31 2019	n/a	n/a	UK£121m
Sep 30 2019	UK£3m	UK£503k	UK£127m
Jun 30 2019	n/a	n/a	UK£135m
Mar 31 2019	n/a	n/a	UK£142m
Dec 31 2018	n/a	n/a	UK£144m
Oct 01 2018	n/a	n/a	UK£146m
Jun 30 2018	n/a	n/a	UK£134m
Mar 31 2018	n/a	n/a	UK£123m
Dec 31 2017	n/a	n/a	UK£120m
Sep 30 2017	UK£2m	UK£474k	UK£117m

Compensation vs Market: Nigel's total compensation ($USD4.08M) is above average for companies of similar size in the German market ($USD1.63M).

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

CEO

Nigel Terrington (64 yo)

28.9yrs

Tenure

UK£3,255,000

Compensation

Mr. Nigel S. Terrington has been the Chief Executive of Paragon Banking Group Plc since June 1995. Mr. Terrington is Chief Executive and Director of Paragon Bank PLC. Mr. Terrington joined Paragon Group of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nigel Terrington	Chief Executive & Director	28.9yrs	UK£3.26m	0.66% £ 11.2m
Richard Woodman	CFO & Director	10yrs	UK£2.06m	0.30% £ 5.1m
Zish Khan	Chief Operating Officer	2.3yrs	no data	no data
Marius Van Niekerk	General Counsel	4.6yrs	no data	no data
Michael Clarke	Head of Media Relations	no data	no data	no data
Anne Barnett	Chief People Officer	15.3yrs	no data	no data
Dave Newcombe	Managing Director of Commercial Lending	10.3yrs	no data	no data
Michael Helsby	Managing Director of Strategic Development and Savings	no data	no data	no data
Jan Greenhalgh	Head of New Business-Asset Finance	5.3yrs	no data	no data
Anup Sangha	Head of Credit- Asset Finance	5.3yrs	no data	no data
Richard Rowntree	Managing Director of Mortgages	4.3yrs	no data	no data
John Phillipou	Managing Director of Small & Medium-sized Enterprise Lending	4.5yrs	no data	no data

5.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 46P1's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nigel Terrington	Chief Executive & Director	no data	UK£3.26m	0.66% £ 11.2m
Richard Woodman	CFO & Director	12.3yrs	UK£2.06m	0.30% £ 5.1m
Peter Hill	Independent Non-Executive Director	3.6yrs	UK£100.00k	0.0014% £ 24.0k
Hugo Tudor	Non-Executive Director	9.5yrs	UK£117.00k	0.035% £ 598.8k
Tanvi Davda	Independent Non-Executive Director	1.7yrs	UK£80.00k	0.0027% £ 47.1k
Zoe Howorth	Independent Non-Executive Director	less than a year	UK£27.00k	no data
Robert East	Independent Non-Executive Chairman	1.7yrs	UK£257.00k	0.0048% £ 82.5k
Barbara Ridpath	Independent Non-Executive Director	6.7yrs	UK£80.00k	0.0021% £ 35.9k
Graeme Yorston	Independent Non-Executive Director	6.7yrs	UK£80.00k	0.0042% £ 71.2k
Alison Clare Morris	Senior Independent Director	4.2yrs	UK£103.00k	0.0020% £ 34.4k

4.2yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 46P1's board of directors are considered experienced (4.2 years average tenure).

Paragon Banking Group Management

Management criteria checks 3/4

Key information

Recent management updates

Paragon Banking Group PLC Approves the Appointment of Zoe Howorth as A Director

Paragon Banking Group PLC Announces Non-Executive Director, Hugo Tudor No Longer Be Consider as Independent Director and Resigns from Audit Committee, Nomination Committee, Risk and Compliance Committee and Remuneration Committee

Chief Executive & Director recently sold €486k worth of stock

Chief Executive & Director recently bought €243k worth of stock

Paragon Banking Group PLC, Annual General Meeting, Mar 06, 2024

Paragon Banking Group plc Announces Board Committee Change

Recent updates

Paragon Banking Group PLC Approves the Appointment of Zoe Howorth as A Director

Paragon Banking Group plc Approves Final Dividend

Paragon Banking Group PLC Announces Non-Executive Director, Hugo Tudor No Longer Be Consider as Independent Director and Resigns from Audit Committee, Nomination Committee, Risk and Compliance Committee and Remuneration Committee

New minor risk - Insider selling

Chief Executive & Director recently sold €486k worth of stock

Full year 2023 earnings released: EPS: UK£0.69 (vs UK£1.29 in FY 2022)

Upcoming dividend of UK£0.26 per share at 5.3% yield

Investor sentiment improves as stock rises 16%

Chief Executive & Director recently bought €243k worth of stock

Paragon Banking Group PLC, Annual General Meeting, Mar 06, 2024

Full year 2023 earnings released: EPS: UK£0.69 (vs UK£1.29 in FY 2022)

Paragon Banking Group plc Announces Final Dividend, Payable on 8 March 2024

Paragon Banking Group plc Announces Board Committee Change

Paragon Announces Director Changes

Paragon Banking Group PLC to Report Q3, 2024 Results on Jul 25, 2024

Upcoming dividend of UK£0.11 per share at 5.8% yield

Now 24% undervalued

Investor sentiment improves as stock rises 17%

Paragon Banking Group PLC Appoints Zoe Howorth as A Non-Executive Director and Member of the Risk and Compliance and Remuneration Committees, Effective June 1, 2023

Now 21% undervalued after recent price drop

Paragon Banking Group PLC to Report First Half, 2024 Results on Jun 05, 2024

Full year 2022 earnings released: EPS: UK£1.29 (vs UK£0.65 in FY 2021)

Upcoming dividend of UK£0.19 per share at 5.0% yield

Now 21% undervalued

Full year 2022 earnings released: EPS: UK£1.29 (vs UK£0.65 in FY 2021)

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Paragon Banking Group PLC Appoints Tanvi Davda as a Non-Executive Director and Member of the Risk and Compliance and Remuneration Committees

Paragon Banking Group PLC, Annual General Meeting, Mar 01, 2023

Paragon Banking Group plc Announces Directorate Change

Upcoming dividend of UK£0.094 per share

First half 2022 earnings released: EPS: UK£0.44 (vs UK£0.29 in 1H 2021)

Paragon Banking Group PLC Declares Interim Dividend for the Year Ending 30 September 2022, Payable on 29 July 2022

Paragon Banking Group PLC Approves Final Dividend

Paragon Banking Group PLC Approves Final Dividend

Paragon Banking Group PLC to Report Fiscal Year 2023 Results on Dec 06, 2023

Paragon Banking Group PLC to Report First Half, 2023 Results on Jun 06, 2023

Upcoming dividend of UK£0.19 per share

Now 22% undervalued

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

Upcoming dividend of UK£0.072 per share

Paragon Banking Group PLC (LSE:PAG) commences an Equity Buyback Plan for 25,600,000 shares, representing 10% of its issued share capital, under the authorization approved on February 24, 2021.

First half 2021 earnings released: EPS UK£0.29 (vs UK£0.18 in 1H 2020)

Full year 2020 earnings released: EPS UK£0.36

New 90-day high: €5.55

Upcoming Dividend of UK£0.14 Per Share

New 90-day high: €5.38

New 90-day high: €4.96

Full year 2020 earnings released: EPS UK£0.36

Paragon Banking Group PLC to Report Fiscal Year 2021 Results on Dec 07, 2021

Market bids up stock over the past week

New 90-day low: €3.20

Paragon Banking Group PLC Appoints Peter Hill as A Non-Executive Director and Member of the Risk and Compliance Committee

CFO & Director recently bought €51k worth of stock

Paragon Banking Group PLC (LSE:PAG) acquired Titlestone Property Finance from Oaktree Capital Management, L.P. for £48 million.

CFO & Director recently bought €51k worth of stock

New 90-day low: €3.33

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age