FirstGroup Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Graham Sutherland

Chief executive officer

UK£1.3m

Total compensation

CEO salary percentage	38.4%
CEO tenure	2yrs
CEO ownership	0.04%
Management average tenure	3.6yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Graham Sutherland's remuneration changed compared to FirstGroup's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-UK£7m
Jun 30 2023	n/a	n/a	UK£36m
Mar 25 2023	UK£1m	UK£484k	UK£79m

Compensation vs Market: Graham's total compensation ($USD1.57M) is about average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: Insufficient data to compare Graham's compensation with company performance.

CEO

Graham Sutherland (60 yo)

2yrs

Tenure

UK£1,260,212

Compensation

Mr. Graham F. Sutherland serves as Chief Executive Officer & Executive Director at FirstGroup plc since May 16, 2022. He served as Chief Executive Officer of BT Business and Public Sector at BT Group plc s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Graham Sutherland	CEO & Executive Director	2yrs	UK£1.26m	0.037% £ 436.6k
Ryan Mangold	CFO & Director	5yrs	UK£3.07m	0.20% £ 2.4m
Faisal Tabbah	Head of Investor Relations	no data	no data	no data
Stuart Butchers	Group Head of Communications	no data	no data	no data
Steve Montgomery	Managing Director of First Rail	8.6yrs	no data	no data
Janette Bell	Managing Director of First Bus	3.6yrs	no data	no data
David John Blizzard	Company Secretary	2.1yrs	no data	no data

3.6yrs

Average Tenure

Experienced Management: FGR's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Graham Sutherland	CEO & Executive Director	2yrs	UK£1.26m	0.037% £ 436.6k
Ryan Mangold	CFO & Director	5yrs	UK£3.07m	0.20% £ 2.4m
David Martin	Non-Executive Chairman	4.8yrs	UK£418.00k	0.032% £ 379.6k
Peter Lynas	Senior Independent Non-Executive Director	2.9yrs	UK£72.00k	0.013% £ 151.8k
Jane Lodge	Independent Non-Executive Director	2.9yrs	UK£72.00k	0.0024% £ 28.5k
Sally Cabrini	Independent Non-Executive Director	4.3yrs	UK£71.00k	0.0016% £ 19.0k
Claire Hawkings	Independent Non-Executive Director	2.3yrs	UK£73.00k	0.0016% £ 19.0k
Anthony Green	Group Employee Director	3.7yrs	UK£58.00k	0.00026% £ 3.1k
Myrtle Dawes	Independent Non-Executive Director	2.1yrs	UK£64.00k	0.00056% £ 6.7k

2.9yrs

Average Tenure

59yo

Average Age

Experienced Board: FGR's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

FirstGroup Management

Management criteria checks 2/4

Key information

Recent management updates

Non-Executive Chairman recently sold €213k worth of stock

CFO & Director recently sold €547k worth of stock

FirstGroup plc, Annual General Meeting, Jul 21, 2023

FirstGroup plc - Lumo Appoints New Service Delivery Director

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

Non-Executive Chairman recently sold €213k worth of stock

Now 22% overvalued

FirstGroup plc (LSE:FGP) signed an agreement to acquire York Pullman Bus Company Limited from Tom and Maxine James.

FirstGroup plc (LSE:FGP) signed an agreement to acquire York Pullman Bus Company Limited.

Now 22% overvalued after recent price rise

FirstGroup plc to Report Fiscal Year 2024 Results on Jun 03, 2024

CFO & Director recently sold €547k worth of stock

First half 2024 earnings released: UK£0.079 loss per share (vs UK£0.04 profit in 1H 2023)

FirstGroup plc Recommends Interim Dividend for the First Half of 2024, Payable on January 3, 2024

FirstGroup plc Approves Final Dividend for the 52 Weeks Ended 25 March 2023

Upcoming dividend of UK£0.029 per share at 2.6% yield

FirstGroup plc, Annual General Meeting, Jul 21, 2023

Investor sentiment improves as stock rises 20%

FirstGroup plc Proposes a Final Dividend, Payable on 18 August 2023

Full year 2023 earnings released: EPS: UK£0.11 (vs UK£0.011 loss in FY 2022)

FirstGroup plc (LSE:FGP) signed an agreement to acquire Ensign Bus Company Ltd.

FirstGroup plc (LSE:FGP) signed an agreement to acquire Ensign Bus Company Ltd.

FirstGroup plc - Lumo Appoints New Service Delivery Director

High number of new and inexperienced directors

First half 2023 earnings released: EPS: UK£0.05 (vs UK£0.034 loss in 1H 2022)

Firstgroup plc Declares Interim Dividend, Payable on 23 December 2022

FirstGroup plc to Report First Half, 2023 Results on Nov 09, 2022

High number of new and inexperienced directors

McGill's Bus Service Limited acquired First Scotland East Limited from FirstGroup plc (LSE:FGP).

FirstGroup plc Approves the Final Dividend for the Year Ended 26 March 2022

FirstGroup plc Announces Executive Changes

I Squared Capital Advisors (Uk) Llp cancelled the acquisition of FirstGroup plc.

I Squared Capital Advisors (Uk) Llp cancelled the acquisition of FirstGroup plc.

I Squared Capital Advisors (Uk) Llp made an offer to acquire FirstGroup plc (LSE:FGP) for £1.3 billion.

Investor sentiment improved over the past week

I Squared Capital Advisors (Uk) Llp made an offer to acquire FirstGroup plc (LSE:FGP) for £1.2 billion.

FirstGroup plc, Annual General Meeting, Jul 27, 2022

High number of new and inexperienced directors

FirstGroup plc Appoints Graham Sutherland as Chief Executive Officer, Effective 16 May 2022

FirstGroup plc Appoints Graham Sutherland as Executive Director Effective 16 May 2022

Investor sentiment improved over the past week

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Independent Non-Executive Director Stephen William Gunning has left the company

Independent Non-Executive Director Martha Poulter has left the company

CEO & Executive Director Matthew Gregory has left the company

Coast Capital Provides Information to the Shareholders

CFO & Director recently bought €209k worth of stock

Full year 2021 earnings released: EPS UK£0.039 (vs UK£0.27 loss in FY 2020)

Senior Independent Non-Executive Director David Robbie has left the company

New 90-day high: €1.05

New 90-day high: €0.95

EQT Reportedly Tables Bid for British FirstGroup's US Ops

New 90-day high: €0.91

New 90-day high: €0.80

Firstgroup plc Announces Update on Train Operating Company Contracts

First half 2021 earnings released: UK£0.083 loss per share

Revenue beats expectations

New 90-day high: €0.72

FirstGroup plc to Report First Half, 2021 Results on Dec 10, 2020

New 90-day high: €0.65

FirstGroup plc Announces Extension of the Emergency Funding Arrangements for the UK Rail Industry for the Next Six to Eighteen Months by the Department for Transport

FirstGroup plc Auditor Raises 'Going Concern' Doubt

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age