Spar Nord Bank Management

Management criteria checks 3/4

Spar Nord Bank's CEO is Lasse Nyby, appointed in Jan 1995, has a tenure of 29.25 years. total yearly compensation is DKK6.17M, comprised of 83.3% salary and 16.7% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth DKK10.59M. The average tenure of the management team and the board of directors is 4 years and 5.9 years respectively.

Key information

Lasse Nyby

Chief executive officer

kr.6.2m

Total compensation

CEO salary percentage	83.3%
CEO tenure	29.3yrs
CEO ownership	0.07%
Management average tenure	4yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lasse Nyby's remuneration changed compared to Spar Nord Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	kr.2b
Sep 30 2023	n/a	n/a	kr.2b
Jun 30 2023	n/a	n/a	kr.2b
Mar 31 2023	n/a	n/a	kr.2b
Dec 31 2022	kr.6m	kr.5m	kr.1b
Sep 30 2022	n/a	n/a	kr.1b
Jun 30 2022	n/a	n/a	kr.1b
Mar 31 2022	n/a	n/a	kr.1b
Dec 31 2021	kr.5m	kr.5m	kr.1b
Sep 30 2021	n/a	n/a	kr.1b
Jun 30 2021	n/a	n/a	kr.1b
Mar 31 2021	n/a	n/a	kr.959m
Dec 31 2020	kr.6m	kr.4m	kr.688m
Sep 30 2020	n/a	n/a	kr.641m
Jun 30 2020	n/a	n/a	kr.720m
Mar 31 2020	n/a	n/a	kr.771m
Dec 31 2019	kr.5m	kr.4m	kr.1b
Sep 30 2019	n/a	n/a	kr.910m
Jun 30 2019	n/a	n/a	kr.798m
Mar 31 2019	n/a	n/a	kr.835m
Dec 31 2018	kr.5m	kr.4m	kr.883m
Sep 30 2018	n/a	n/a	kr.1b
Jun 30 2018	n/a	n/a	kr.1b
Mar 31 2018	n/a	n/a	kr.947m
Dec 31 2017	kr.5m	kr.4m	kr.953m

Compensation vs Market: Lasse's total compensation ($USD882.54K) is below average for companies of similar size in the UK market ($USD2.23M).

Compensation vs Earnings: Lasse's compensation has increased by more than 20% in the past year.

CEO

Lasse Nyby (63 yo)

29.3yrs

Tenure

kr.6,168,000

Compensation

Mr. Lasse Nyby serves as a Director of Foreningen Ap Pension F M B A and serves as its Vice Chairman of the Board since 2021. He serves as a Director of Nykredit Realkredit A/S since March 28, 2007. He ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Lundsgaard	MD & Member of Executive Board	24.3yrs	kr.5.21m	0.10% DKK 14.7m
Martin Rasmussen	MD & Member of Executive Board	4yrs	kr.5.25m	0.014% DKK 2.0m
Carsten Jakobsen	MD & Member of Executive Board	less than a year	kr.4.57m	0.0067% DKK 973.8k
Lasse Nyby	CEO & Member of Executive Board	29.3yrs	kr.6.17m	0.073% DKK 10.6m
Thorkild Mathiesen	General Manager of Finance & Accounts	no data	no data	no data
Trine Haals	Principal Administrative Officer	no data	no data	no data
Rune Borglum	Head of Investor Relations	3.3yrs	no data	no data
Karin Duerlund	Head of Legal Department	no data	no data	no data
Martin Bach	Head of Communications	no data	no data	no data
Jan Poulsen	Head of Funding	no data	no data	no data
Poul Erik Christensen	Senior Vice President	no data	no data	no data
Ebba Pedersen	Managing Director of Vesthimmerland	no data	no data	no data

4.0yrs

Average Tenure

62yo

Average Age

Experienced Management: 0JH4's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kjeld Johannesen	Independent Chairman	10.3yrs	kr.978.00k	0.069% DKK 9.9m
Henrik Sjogreen	Independent Director	3.8yrs	kr.528.00k	0.031% DKK 4.5m
Per Bukh	Deputy Chairman of the Board	17.3yrs	kr.679.00k	0.027% DKK 3.9m
Jannie Skovsen	Employee Representative Director	16.3yrs	kr.410.00k	no data
Michael Thomsen	Independent Director	1.1yrs	kr.375.00k	no data
Morten Gaardboe	Independent Director	8yrs	kr.460.00k	0.0075% DKK 1.1m
Lisa Holst	Independent Director	1.1yrs	no data	0.00017% DKK 24.6k
Mette Kaagaard	Director	less than a year	no data	no data
Rikke Marie Christiansen	Employee Representative Director	no data	no data	no data
Gitte Holmgaard	Employee Representative Director	no data	no data	no data

5.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 0JH4's board of directors are considered experienced (5.9 years average tenure).

Spar Nord Bank Management

Management criteria checks 3/4

Key information

Recent management updates

Spar Nord Bank A/S Elects Mette Kaagaard (Birkerød) as New Board Member

Independent Director recently bought kr.1.8m worth of stock

Spar Nord Bank A/S, Annual General Meeting, Mar 19, 2024

Deputy Chairman of the Board recently bought kr.430k worth of stock

Less than half of directors are independent

CEO & Member of Executive Board recently sold kr.598k worth of stock

Recent updates

Now 32% undervalued after recent price drop

Spar Nord Bank A/S Elects Mette Kaagaard (Birkerød) as New Board Member

Upcoming dividend of kr.10.00 per share

Investor sentiment deteriorates as stock falls 44%

Now 36% undervalued after recent price drop

Spar Nord Bank A/S (CPSE:SPNO) announces an Equity Buyback for DKK 500 million worth of its shares.

Dividend of kr.10.00 announced

Independent Director recently bought kr.1.8m worth of stock

Full year 2023 earnings released: EPS: kr.19.90 (vs kr.11.25 in FY 2022)

Spar Nord Bank A/S Recommends Dividend

Investor sentiment deteriorates as stock falls 41%

Now 37% undervalued after recent price drop

Spar Nord Bank A/S Provides Earnings Guidance for the Full Year 2024

Now 41% undervalued after recent price drop

Now 44% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Now 44% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 33%

Now 46% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Spar Nord Bank A/S, Annual General Meeting, Mar 19, 2024

New minor risk - Share price stability

Now 46% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: kr.5.70 (vs kr.2.90 in 3Q 2022)

Investor sentiment deteriorates as stock falls 37%

Now 28% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 35%

Now 31% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Now 33% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Now 32% undervalued after recent price drop

Now 33% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: kr.5.10 (vs kr.1.80 in 2Q 2022)

Deputy Chairman of the Board recently bought kr.430k worth of stock

Investor sentiment deteriorates as stock falls 38%

Now 27% undervalued after recent price drop

Now 27% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 34%

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 38%

Investor sentiment deteriorates as stock falls 35%

Now 22% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 33%

Now 35% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 33%

First quarter 2023 earnings released: EPS: kr.4.50 (vs kr.2.20 in 1Q 2022)

Now 25% undervalued after recent price drop

Now 25% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 38%

Now 28% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 35%

Now 30% undervalued after recent price drop

Less than half of directors are independent

Investor sentiment deteriorates as stock falls 39%

Upcoming dividend of kr.4.50 per share at 4.0% yield

Now 23% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 47%

CEO & Member of Executive Board recently sold kr.598k worth of stock

Spar Nord Bank A/S (CPSE:SPNO) announces an Equity Buyback for DKK 300 million worth of its shares.

Full year 2022 earnings released: EPS: kr.11.25 (vs kr.10.63 in FY 2021)

Spar Nord Bank A/S Provides Earnings Guidance for Fiscal Year 2023

Investor sentiment deteriorates as stock falls 35%

Investor sentiment deteriorated over the past week

Now 23% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Now 26% undervalued after recent price drop