FLEX LNG Management
Management criteria checks 4/4
FLEX LNG's CEO is Oystein Kalleklev, appointed in Aug 2018, has a tenure of 6.42 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 NOK13.05M. The average tenure of the management team and the board of directors is 5.7 years and 5.6 years respectively.
Key information
Oystein Kalleklev
Chief executive officer
US$729.2k
Total compensation
| CEO salary percentage | 48.0% |
| CEO tenure | 6.4yrs |
| CEO ownership | 0.09% |
| Management average tenure | 5.7yrs |
| Board average tenure | 5.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| 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 ($USD2.41M).
Compensation vs Earnings: Oystein's compensation has been consistent with company performance over the past year.
CEO
Oystein Kalleklev (44 yo)
6.4yrs
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 |
|---|---|---|---|---|
| Principal Executive Officer | 6.4yrs | US$729.18k | 0.093% NOK 13.0m | |
| Principal Financial Officer | no data | US$403.35k | no data | |
| Compliance Officer | 5yrs | no data | no data | |
| Chief Commercial Officer of Flex LNG Management AS | 6.4yrs | no data | no data | |
| Chief Technical Officer of Frontline Management & MD of Flex Fleet Management | no data | no data | no data | |
| Chief Accounting Officer of Flex LNG Management Ltd | less than a year | no data | no data | |
| Company Secretary | no data | no data | no data |
5.7yrs
Average Tenure
44yo
Average Age
Experienced Management: 0RQ8's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 7.6yrs | US$50.00k | 0.0059% NOK 827.5k | |
| Director | 3.8yrs | US$40.00k | no data | |
| Independent Director | 7.3yrs | US$50.00k | 0.045% NOK 6.4m | |
| Director | 2.3yrs | US$50.00k | 0.019% NOK 2.6m |
5.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: 0RQ8's board of directors are considered experienced (5.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 16:31 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FLEX LNG Ltd. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristoffer Iden | Arctic Securities ASA |
| Gregory Lewis | BTIG |
| Marius Furuly | Carnegie Investment Bank AB |