FLEX LNG Management

Management criteria checks 4/4

FLEX LNG's CEO is Oystein Kalleklev, appointed in Aug 2018, has a tenure of 6.25 years. total yearly compensation is $729.18K, comprised of 48% salary and 52% bonuses, including company stock and options. directly owns 0.093% of the company’s shares, worth NOK14.62M. The average tenure of the management team and the board of directors is 5.5 years and 5.4 years respectively.

Key information

Oystein Kalleklev

Chief executive officer

US$729.2k

Total compensation

CEO salary percentage	48.0%
CEO tenure	6.3yrs
CEO ownership	0.09%
Management average tenure	5.5yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Oystein Kalleklev's remuneration changed compared to FLEX LNG's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$92m
Jun 30 2024	n/a	n/a	US$120m
Mar 31 2024	n/a	n/a	US$137m
Dec 31 2023	US$729k	US$350k	US$120m
Sep 30 2023	n/a	n/a	US$142m
Jun 30 2023	n/a	n/a	US$144m
Mar 31 2023	n/a	n/a	US$149m
Dec 31 2022	US$741k	US$391k	US$188m
Sep 30 2022	n/a	n/a	US$216m
Jun 30 2022	n/a	n/a	US$202m
Mar 31 2022	n/a	n/a	US$171m
Dec 31 2021	US$961k	US$409k	US$162m

Compensation vs Market: Oystein's total compensation ($USD729.18K) is below average for companies of similar size in the UK market ($USD2.19M).

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

CEO

Oystein Kalleklev (44 yo)

6.3yrs

Tenure

US$729,175

Compensation

Mr. Oystein M. Kalleklev is Chief Executive Officer and Principal Executive Officer of Flex LNG Management and FLEX LNG Ltd since August 2018. He serves as Chief Financial Officer since October 2, 2017 unt...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Oystein Kalleklev	Principal Executive Officer	6.3yrs	US$729.18k	0.093% NOK 14.6m
Knut Traaholt	Principal Financial Officer	no data	US$403.35k	no data
Jannicke Eilertsen	Compliance Officer	4.8yrs	no data	no data
H. Foss	Chief Commercial Officer of Flex LNG Management AS	6.3yrs	no data	no data
Lars Pedersen	Chief Technical Officer of Frontline Management & MD of Flex Fleet Management	no data	no data	no data
Naren Senaratne	Chief Accounting Officer of Flex LNG Management Ltd	less than a year	no data	no data
James Ayers	Company Secretary	no data	no data	no data

5.5yrs

Average Tenure

44yo

Average Age

Experienced Management: FLNGO's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ola Lorentzon	Independent Chairman	7.4yrs	US$50.00k	0.0059% NOK 927.1k
Steen Jakobsen	Director	3.7yrs	US$40.00k	no data
Nikolai Grigoriev	Independent Director	7.2yrs	US$50.00k	0.045% NOK 7.1m
Susan Sakmar	Director	2.2yrs	US$50.00k	0.019% NOK 2.9m

5.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FLNGO's board of directors are considered experienced (5.4 years average tenure).

FLEX LNG Management

Management criteria checks 4/4

Key information

Recent management updates

FLEX LNG Ltd. Appoints Ola Lorentzon as the New Chairman of the Board

Flex LNG Ltd. Elects Susan Sakmar as Director

Flex LNG Ltd. Announces Board Changes

Flex LNG Ltd. Announces Executive Changes of Flex LNG Management AS

Flex Lng Ltd Announces Resignation of João Saraiva E Silva as a Director of the Company

Recent updates

FLEX LNG Ltd. Declares Cash Distribution for the Third Quarter 2024, Payable on or About December 11, 2024 and December 16, 2024

FLEX LNG Ltd. Provides Revenue Guidance for the Third Quarter and Second Half of 2024

FLEX LNG Ltd. to Report Q2, 2024 Results on Aug 14, 2024

First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.31 in 1Q 2023)

FLEX LNG Ltd. Declares Dividend for the First Quarter of 2024. for NYSE and OSE Shareholders, Payable on or About June 21, 2024 and on or About June 26, 2024 Respectively

FLEX LNG Ltd. Appoints Ola Lorentzon as the New Chairman of the Board

Upcoming dividend of US$0.75 per share at 12% yield

Fourth quarter dividend of US$0.75 announced

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

Flex LNG Ltd. Declares Dividend for the Fourth Quarter of 2023, Payable On or About March 5, 2024

FLEX LNG Ltd. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.88 per share at 9.6% yield

New major risk - Financial position

Flex Lng Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

FLEX LNG Ltd. Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 5, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.73 (vs US$0.83 in 2Q 2022)

Flex LNG Announces Dividend for the Second Quarter of 2023, on or About September 5, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.75 per share at 9.6% yield

First quarter 2023 earnings released: EPS: US$0.31 (vs US$1.05 in 1Q 2022)

Flex Lng Ltd. Approves Cash Dividend for the First Quarter 2023, Payable on or About June 13, 2023

FLEX LNG Ltd. Declares Special Dividend for the Fourth Quarter of 2022

Full year 2022 earnings released: EPS: US$3.53 (vs US$3.04 in FY 2021)

FLEX LNG Ltd. Approves Cash Dividend for the Fourth Quarter 2022, Payable on or About 7 March 2023

Now 20% undervalued after recent price drop

FLEX LNG Ltd. to Report Q3, 2023 Results on Nov 30, 2023

Upcoming dividend of US$0.75 per share

Third quarter 2022 earnings released: EPS: US$0.88 (vs US$0.62 in 3Q 2021)

FLEX LNG Ltd. Proposes Dividend, Payable on or About December 6, 2022

Now 25% undervalued

Flex LNG Ltd. Elects Susan Sakmar as Director

FLEX LNG Ltd. to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of US$1.25 per share

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$0.24 in 2Q 2021)

FLEX LNG Ltd. Provides Financial Guidance for the Third and Fourth Quarter and Second Half of 2022

FLEX LNG Ltd. Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter 2022

Upcoming dividend of US$0.75 per share

First quarter 2022 earnings released: EPS: US$1.05 (vs US$0.88 in 1Q 2021)

Flex Lng Ltd. Declares First Quarter Dividend of 2022, Payable on or About June 07, 2022

Upcoming dividend of US$0.75 per share

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

Upcoming dividend of US$0.75 per share

Third quarter 2021 earnings released: EPS US$0.62 (vs US$0.071 in 3Q 2020)

Upcoming dividend of US$0.40 per share

Investor sentiment improved over the past week

Upcoming dividend of US$0.40 per share

FLEX LNG Lt Declares Cash Dividend for the First Quarter of 2021, Payable on or About 16 June, 2021

First quarter 2021 earnings released: EPS US$0.88 (vs US$0.28 loss in 1Q 2020)

Advisor has left the company

Investor sentiment improved over the past week

Flex LNG Ltd. Announces Board Changes

Full year 2020 earnings released: EPS US$0.15 (vs US$0.31 in FY 2019)

Revenue misses expectations

Flex LNG Ltd. Announces Executive Changes of Flex LNG Management AS

New 90-day high: kr79.60

New 90-day high: kr71.10

Flex Lng Ltd Announces Resignation of João Saraiva E Silva as a Director of the Company

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age