Festi hf Management

Management criteria checks 1/4

Festi hf's CEO is Asta Fjeldsted, appointed in Sep 2022, has a tenure of 1.67 years. total yearly compensation is ISK73.80M, comprised of 72% salary and 28% bonuses, including company stock and options. directly owns 0.032% of the company’s shares, worth ISK18.34M. The average tenure of the management team and the board of directors is 1.1 years and 1.8 years respectively.

Key information

Asta Fjeldsted

Chief executive officer

Kr73.8m

Total compensation

CEO salary percentage	72.0%
CEO tenure	1.7yrs
CEO ownership	0.03%
Management average tenure	1.1yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

Festi hf (ICE:FESTI) Has Rewarded Shareholders With An Exceptional 304% Total Return On Their Investment

Dec 22

Does Festi hf's (ICE:FESTI) Statutory Profit Adequately Reflect Its Underlying Profit?

Dec 07

Is Festi hf.'s (ICE:FESTI) 8.3% ROE Worse Than Average?

Nov 22

We're Watching These Trends At Festi hf (ICE:FESTI)

Jul 30

Investors Continue Waiting On Sidelines For Festi hf. (ICE:FESTI)

Jul 18

How Does Festi hf. (ICE:FESTI) Fare As A Dividend Stock?

Jul 06

CEO Compensation Analysis

How has Asta Fjeldsted's remuneration changed compared to Festi hf's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	Kr4b
Dec 31 2023	Kr74m	Kr53m	Kr3b
Sep 30 2023	n/a	n/a	Kr3b
Jun 30 2023	n/a	n/a	Kr3b
Mar 31 2023	n/a	n/a	Kr4b
Dec 31 2022	Kr53m	Kr39m	Kr4b

Compensation vs Market: Asta's total compensation ($USD526.25K) is about average for companies of similar size in the IS market ($USD536.74K).

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

CEO

Asta Fjeldsted (41 yo)

1.7yrs

Tenure

Kr73,797,000

Compensation

Ms. Asta Sigridur Fjeldsted serves as Chief Executive Officer at Festi hf since September 2022 and served as its Acting Managing Director of Kronan since 2022 until 2022 and was its Executive Director of K...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Asta Fjeldsted	CEO & Member of Executive Board	1.7yrs	Kr73.80m	0.032% ISK 18.3m
Magnús Ingason	CFO, COO & Member of Executive Board	4.3yrs	no data	no data
Ottar Sigurbergsson	CEO of ELKO & Member of Executive Board	no data	no data	no data
Gudrun Adalsteinsdottir	CEO of Krónan & Member of Executive Board	no data	no data	no data
Ýmir Finnbogason	Chief Executive Officer of N1	less than a year	no data	no data
Dagný Engilbertsdottir	Head of Strategic Planning in the CEO's Office	less than a year	no data	no data
Óðinn Árnason	MD at Festi Fasteignir & Member of The Festi hf. Management Team	1.3yrs	no data	no data
Eva Torfadottir	Managing Director of Bakkinn Warehouse	less than a year	no data	no data

1.1yrs

Average Tenure

39.5yo

Average Age

Experienced Management: FESTI's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Gudjon Reynisson	Chairman of the Board	10.3yrs	Kr12.13m	0.20% ISK 116.4m
Margret Guomundsdottir	Independent Director	13.3yrs	Kr4.76m	0.059% ISK 34.0m
Hjorleifur Palsson	Director	1.8yrs	Kr2.81m	0.013% ISK 7.6m
Sigurlina Ingvarsdottir	Vice Chairman	1.8yrs	Kr3.78m	no data
Guðjón Auðunsson	Independent Director	less than a year	no data	no data

1.8yrs

Average Tenure

Experienced Board: FESTI's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Festi hf Management

Management criteria checks 1/4

Key information

Recent management updates

Festi hf., Annual General Meeting, Aug 23, 2023

Festi hf. Appoints Óðinn Árnason as Member of Management Team and Managing Director at Festi fasteignir ehf

Less than half of directors are independent

Festi hf. Appoints Ásta S. Fjeldsted as Chief Executive Officer

Festi hf. Elects Hjörleifur Pálsson and Magnús Júlíusson to the Board

Festi hf. Announces That Viðar Örn Traustason Has Withdrawn His Candidacy to the Board of Director

Recent updates

First quarter 2024 earnings released: EPS: Kr0.67 (vs Kr0.30 loss in 1Q 2023)

Festi hf. Approves Dividend, Payable on April 10, 2024

Upcoming dividend of Kr3.00 per share

Festi hf. Proposes Dividend for the Year 2023

Now 21% undervalued after recent price drop

Festi hf. Increases Earnings Guidance for 2023

Festi hf., Annual General Meeting, Aug 23, 2023

Second quarter 2023 earnings released: EPS: Kr2.43 (vs Kr4.45 in 2Q 2022)

Festi hf. Appoints Óðinn Árnason as Member of Management Team and Managing Director at Festi fasteignir ehf

Is Festi hf (ICE:FESTI) A Risky Investment?

First quarter 2023 earnings released: Kr0.30 loss per share (vs Kr1.35 profit in 1Q 2022)

Upcoming dividend of Kr3.00 per share at 1.7% yield

Full year 2022 earnings released: EPS: Kr13.19 (vs Kr15.48 in FY 2021)

Festi hf. to Report Q3, 2023 Results on Oct 25, 2023

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: Kr5.10 (vs Kr7.10 in 3Q 2021)

Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?

Festi hf. Appoints Ásta S. Fjeldsted as Chief Executive Officer

Second quarter 2022 earnings released: EPS: Kr4.45 (vs Kr3.21 in 2Q 2021)

Festi hf. Elects Hjörleifur Pálsson and Magnús Júlíusson to the Board

Festi hf. Announces That Viðar Örn Traustason Has Withdrawn His Candidacy to the Board of Director

Festi Hf. Eggert Þór Kristófersson as CEO Effective from the End July

First quarter 2022 earnings released: EPS: Kr1.35 (vs Kr0.91 in 1Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Upcoming dividend of Kr5.00 per share

Festi hf (ICE:FESTI) Is Increasing Its Dividend To Kr5.00

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS Kr7.10 (vs Kr3.55 in 3Q 2020)

Is Now The Time To Put Festi hf (ICE:FESTI) On Your Watchlist?

Second quarter 2021 earnings released: EPS Kr4.12 (vs Kr1.60 in 2Q 2020)

Festi Hf. Updates Forecast Based on Preliminary Accounts for Second Quarter 2021

How Does Festi hf. (ICE:FESTI) Fare As A Dividend Stock?

First quarter 2021 earnings released: EPS Kr0.91 (vs Kr0.16 in 1Q 2020)

Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?

Festi hf. (ICE:FESTI) Will Pay A Kr3.00 Dividend In Two Days

Upcoming Dividend of Kr3.00 Per Share

Festi hf. (ICE:FESTI) Delivered A Weaker ROE Than Its Industry

Full year 2020 earnings released: EPS Kr6.95 (vs Kr8.49 in FY 2019)

Festi hf. to Report Q3, 2021 Results on Oct 28, 2021

The Trends At Festi hf (ICE:FESTI) That You Should Know About

New 90-day high: Kr183

What Type Of Shareholders Own The Most Number of Festi hf. (ICE:FESTI) Shares?

Festi hf. (ICE:FESTI) Has Got What It Takes To Be An Attractive Dividend Stock

New 90-day high: Kr181

Here's Why Festi hf (ICE:FESTI) Has A Meaningful Debt Burden

New 90-day high: Kr172

Festi hf (ICE:FESTI) Has Rewarded Shareholders With An Exceptional 304% Total Return On Their Investment

New 90-day high: Kr168

Does Festi hf's (ICE:FESTI) Statutory Profit Adequately Reflect Its Underlying Profit?

Is Festi hf.'s (ICE:FESTI) 8.3% ROE Worse Than Average?

New 90-day high: Kr158

Third quarter 2020 earnings released: EPS Kr3.55

New 90-day high: Kr148

New 90-day high - Kr146

New 90-day high - Kr142

First half earnings released

We're Watching These Trends At Festi hf (ICE:FESTI)

Investors Continue Waiting On Sidelines For Festi hf. (ICE:FESTI)

New 90-day high - Kr136

How Does Festi hf. (ICE:FESTI) Fare As A Dividend Stock?

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members