Grong Sparebank

OB:GRONG Stock Report

Market Cap: NOK 599.8m

Grong Sparebank Management

Management criteria checks 4/4

Grongrebank's CEO is Jon Solum, appointed in Jan 2000, has a tenure of 25.33 years. total yearly compensation is NOK2.63M, comprised of 83.4% salary and 16.6% bonuses, including company stock and options. directly owns 1.2% of the company’s shares, worth NOK7.18M. The average tenure of the management team and the board of directors is 3.1 years and 5.3 years respectively.

Key information

Jon Solum

Chief executive officer

NOK 2.6m

Total compensation

CEO salary percentage83.40%
CEO tenure25.3yrs
CEO ownership1.2%
Management average tenure3.1yrs
Board average tenure5.3yrs

Recent management updates

How Does Grong Sparebank's (OB:GRONG-ME) CEO Pay Compare With Company Performance?

Nov 22
How Does Grong Sparebank's (OB:GRONG-ME) CEO Pay Compare With Company Performance?

Recent updates

Should Grong Sparebank (OB:GRONG) Be Part Of Your Income Portfolio?

Mar 06
Should Grong Sparebank (OB:GRONG) Be Part Of Your Income Portfolio?

How Does Grong Sparebank's (OB:GRONG-ME) CEO Pay Compare With Company Performance?

Nov 22
How Does Grong Sparebank's (OB:GRONG-ME) CEO Pay Compare With Company Performance?

CEO Compensation Analysis

How has Jon Solum's remuneration changed compared to Grong Sparebank's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024n/an/a

NOK 47m

Sep 30 2024n/an/a

NOK 65m

Jun 30 2024n/an/a

NOK 64m

Mar 31 2024n/an/a

NOK 82m

Dec 31 2023NOK 3mNOK 2m

NOK 72m

Sep 30 2023n/an/a

NOK 65m

Jun 30 2023n/an/a

NOK 69m

Mar 31 2023n/an/a

NOK 31m

Dec 31 2022NOK 2mNOK 2m

NOK 76m

Sep 30 2022n/an/a

NOK 67m

Jun 30 2022n/an/a

NOK 60m

Mar 31 2022n/an/a

NOK 62m

Dec 31 2021NOK 2mNOK 2m

NOK 38m

Sep 30 2021n/an/a

NOK 36m

Jun 30 2021n/an/a

NOK 41m

Mar 31 2021n/an/a

NOK 43m

Dec 31 2020NOK 2mNOK 2m

NOK 40m

Sep 30 2020n/an/a

NOK 37m

Jun 30 2020n/an/a

NOK 35m

Mar 31 2020n/an/a

NOK 31m

Dec 31 2019NOK 2mNOK 2m

NOK 26m

Sep 30 2019n/an/a

NOK 25m

Jun 30 2019n/an/a

NOK 25m

Mar 31 2019n/an/a

NOK 27m

Dec 31 2018NOK 2mNOK 2m

NOK 24m

Compensation vs Market: Jon's total compensation ($USD253.09K) is about average for companies of similar size in the Norwegian market ($USD338.38K).

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

CEO

Jon Solum (58 yo)

25.3yrs

Tenure

NOK 2,632,000

Compensation

Mr. Jon Håvard Solum has been Chief Executive Officer & General Manager at Grong Sparebank since 2000. Mr. Solum serves as Chairman of Nord-Trøndelag Elektrisitetsverk AS. He serves as a Member of Supervis...

Leadership Team

NamePositionTenureCompensationOwnership
Jon Solum
CEO & GM25.3yrsNOK 2.63m1.2%
NOK 7.2m
Johan Trapnes
Chief Financial Officer8.3yrsNOK 1.39mno data
Stian Brekkvassmo
Bank Manager of Corporate Marketno dataNOK 336.00kno data
Kjerstin Skistad
HR, Communication & Sustainability Manager3.8yrsno datano data
Fredrik Hagen
Head of Department Mosjøenno datano datano data
Torgeir Hanssen
Head of Division Namsosno datano datano data
Ann Gasbakk Ravlo
Head of Insurance2.4yrsno datano data
June Mork
Head of Customer Center1.1yrsno datano data
Busse Roads
Head of IT1.1yrsno datano data

3.1yrs

Average Tenure

Experienced Management: GRONG's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jo Aunet
Employee Representative Director7.2yrsNOK 85.00kno data
Audun Veium
Chairman of the Board18.3yrsNOK 215.00kno data
Espen Ledang
Directorno dataNOK 85.00kno data
Øyvind Kveli
Deputy Chairmanno dataNOK 85.00kno data
Marte Landsem
Director3.3yrsNOK 125.00kno data
Sigurd Liljefjell
Directorno dataNOK 60.00kno data
Tove Ingulfsvann Lierne
Director2.3yrsno datano data
Camilla Juliussen
Directorno datano datano data

5.3yrs

Average Tenure

Experienced Board: GRONG's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/18 09:47
End of Day Share Price 2025/05/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Grong Sparebank is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ignas LekštysNorne Securities AS
Nojus JuozapaviciusNorne Securities AS