Sparebanken Øst

OB:SPOG Stock Report

Market Cap: kr1.1b

Sparebanken Øst Management

Management criteria checks 3/4

Sparebanken Øst's CEO is Pal Strand, appointed in Jul 2011, has a tenure of 12.75 years. directly owns 0.2% of the company’s shares, worth NOK2.11M. The average tenure of the management team and the board of directors is 5.5 years and 5.1 years respectively.

Key information

Pal Strand

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure12.8yrs
CEO ownership0.2%
Management average tenure5.5yrs
Board average tenure5.1yrs

Recent management updates

Recent updates

Sparebanken Øst's (OB:SPOG) Upcoming Dividend Will Be Larger Than Last Year's

Feb 15
Sparebanken Øst's (OB:SPOG) Upcoming Dividend Will Be Larger Than Last Year's

Sparebanken Øst (OB:SPOG) Will Pay A Larger Dividend Than Last Year At kr3.85

Feb 13
Sparebanken Øst (OB:SPOG) Will Pay A Larger Dividend Than Last Year At kr3.85

Do Sparebanken Øst's (OB:SPOG) Earnings Warrant Your Attention?

May 07
Do Sparebanken Øst's (OB:SPOG) Earnings Warrant Your Attention?

Is Sparebanken Øst (OB:SPOG) At Risk Of Cutting Its Dividend?

Feb 16
Is Sparebanken Øst (OB:SPOG) At Risk Of Cutting Its Dividend?

Shareholders Of Sparebanken Øst (OB:SPOG) Must Be Happy With Their 64% Return

Dec 18
Shareholders Of Sparebanken Øst (OB:SPOG) Must Be Happy With Their 64% Return

CEO Compensation Analysis

How has Pal Strand's remuneration changed compared to Sparebanken Øst's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

kr118m

Sep 30 2023n/an/a

kr113m

Jun 30 2023n/an/a

kr98m

Mar 31 2023n/an/a

kr89m

Dec 31 2022n/an/a

kr79m

Sep 30 2022n/an/a

kr82m

Jun 30 2022n/an/a

kr86m

Mar 31 2022n/an/a

kr106m

Dec 31 2021kr3mkr3m

kr107m

Sep 30 2021n/an/a

kr101m

Jun 30 2021n/an/a

kr103m

Mar 31 2021n/an/a

kr135m

Dec 31 2020kr3mkr3m

kr137m

Sep 30 2020n/an/a

kr141m

Jun 30 2020n/an/a

kr148m

Mar 31 2020n/an/a

kr102m

Dec 31 2019kr3mkr3m

kr101m

Sep 30 2019n/an/a

kr91m

Jun 30 2019n/an/a

kr109m

Mar 31 2019n/an/a

kr118m

Dec 31 2018kr3mkr3m

kr125m

Sep 30 2018n/an/a

kr137m

Jun 30 2018n/an/a

kr118m

Mar 31 2018n/an/a

kr119m

Dec 31 2017kr3mkr2m

kr120m

Compensation vs Market: Insufficient data to establish whether Pal's total compensation is reasonable compared to companies of similar size in the Norwegian market.

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

CEO

Pal Strand (58 yo)

12.8yrs

Tenure

kr3,483,000

Compensation

Mr. Pal Strand serves as a Director of Frende Holding AS. Mr. Strand was appointed as the Chief Executive Officer of Sparebanken Øst on July 1, 2011. Mr. Strand served as its Director of Private & Corporat...

Leadership Team

NamePositionTenureCompensationOwnership
Pal Strand
Chief Executive Officer12.8yrskr3.48m0.20%
NOK 2.1m
Thor-Henning Brathen
CFO & Director of Finance6.7yrskr1.83m0.013%
NOK 137.8k
Arnljot Lien
Director of Technology & Automation4.3yrskr1.97m0.0031%
NOK 33.7k
Kristoffer Volden
Chief Compliance Officeno datakr1.16mno data
Ole Sivertsen
Director Marketno datakr281.00k0.0031%
NOK 33.7k
Frode Lindbeck
Chief Risk Officer3.6yrskr1.80m0.0052%
NOK 56.1k
Kjell Engen
Deputy CEOno datakr1.87m0.0021%
NOK 22.5k
Arne Stokke
Directorno datakr352.00k0.029%
NOK 312.6k
Kristin Myhre
Head of Personnelno datakr618.00kno data
Anne Siri Jensen
Director of Staff & Trusteeno datakr1.27m0.0051%
NOK 55.4k
Halvor Kirkebøen
Head of Management & Control Departmentno datakr1.79mno data

5.5yrs

Average Tenure

58yo

Average Age

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

Board Members

NamePositionTenureCompensationOwnership
Arne Stokke
Director5.1yrskr352.00k0.029%
NOK 312.6k
Anne Siri Jensen
Director of Staff & Trusteeno datakr1.27m0.0051%
NOK 55.4k
Jorund Indrelid
Director5.1yrskr133.00k0.17%
NOK 1.8m
Thor Syvaldsen
Trusteeno datano datano data
Øivind Andersson
Chair of the Board of Directors9.3yrskr278.00k0.31%
NOK 3.4m
Ole Hoen
Directorno datakr27.00kno data
May-Britt Andersen
Chairman of the Board of Trusteesno datano datano data
Sissel Fjeld
Employee Representative Director5.1yrskr829.00k0.014%
NOK 146.8k
Lars Lunde
Deputy Chair of Trusteesno datano data0.014%
NOK 156.0k
Cecilie Hagby
Deputy Chair6.1yrskr225.00kno data
Lina Andal Sorby
Director & Individual Investor2.3yrsno data0.017%
NOK 184.2k
Havard Saastad
Employee Representative Director2.3yrsno data0.013%
NOK 137.8k

5.1yrs

Average Tenure

62yo

Average Age

Experienced Board: SPOG's board of directors are considered experienced (5.1 years average tenure).

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