Reach Subsea Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Jostein Alendal

Chief executive officer

NOK 3.2m

Total compensation

CEO salary percentage	67.4%
CEO tenure	10yrs
CEO ownership	0.06%
Management average tenure	7.8yrs
Board average tenure	4.5yrs

Recent management updates

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24

Recent updates

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Jun 26

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Apr 25

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Feb 22

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Feb 17

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Nov 13

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Aug 27

We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

May 19

Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality

Apr 01

Is Reach Subsea (OB:REACH) A Risky Investment?

Feb 24

Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?

Jan 27

CEO Compensation Analysis

How has Jostein Alendal's remuneration changed compared to Reach Subsea's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	NOK 241m
Jun 30 2024	n/a	n/a	NOK 227m
Mar 31 2024	n/a	n/a	NOK 226m
Dec 31 2023	NOK 3m	NOK 2m	NOK 226m
Sep 30 2023	n/a	n/a	NOK 181m
Jun 30 2023	n/a	n/a	NOK 155m
Mar 31 2023	n/a	n/a	NOK 112m
Dec 31 2022	NOK 3m	NOK 2m	NOK 72m
Sep 30 2022	n/a	n/a	NOK 83m
Jun 30 2022	n/a	n/a	NOK 75m
Mar 31 2022	n/a	n/a	NOK 47m
Dec 31 2021	NOK 3m	NOK 2m	NOK 94m
Sep 30 2021	n/a	n/a	NOK 85m
Jun 30 2021	n/a	n/a	NOK 75m
Mar 31 2021	n/a	n/a	NOK 86m
Dec 31 2020	NOK 2m	NOK 2m	NOK 43m
Sep 30 2020	n/a	n/a	NOK 4m
Jun 30 2020	n/a	n/a	-NOK 25m
Mar 31 2020	n/a	n/a	-NOK 50m
Dec 31 2019	NOK 2m	NOK 2m	-NOK 36m
Sep 30 2019	n/a	n/a	-NOK 15m
Jun 30 2019	n/a	n/a	-NOK 11m
Mar 31 2019	n/a	n/a	-NOK 9m
Dec 31 2018	NOK 2m	NOK 2m	-NOK 10m
Sep 30 2018	n/a	n/a	-NOK 16m
Jun 30 2018	n/a	n/a	-NOK 21m
Mar 31 2018	n/a	n/a	-NOK 37m
Dec 31 2017	NOK 1m	NOK 1m	-NOK 31m

Compensation vs Market: Jostein's total compensation ($USD294.05K) is below average for companies of similar size in the Norwegian market ($USD535.00K).

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

CEO

Jostein Alendal

10yrs

Tenure

NOK 3,247,000

Compensation

Mr. Jostein Alendal has been the Chief Executive Officer of Reach Subsea ASA since November 2014 and serves as its Managing Director. Mr. Alendal served as Business Development Manager at Reach Subsea ASA....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jostein Alendal	CEO & MD	10yrs	NOK 3.25m	0.055% NOK 1.4m
Birgitte Johansen	Chief Financial Officer	no data	NOK 3.28m	0.11% NOK 2.7m
Inge Grutle	Chief Operations Officer	8.2yrs	NOK 3.23m	0.45% NOK 11.1m
Audun Brandtzaeg	Chief Technology Officer	1.8yrs	NOK 3.03m	0.074% NOK 1.8m
Bard Hogheim	Chief Commercial Officer	7.7yrs	NOK 3.42m	0.29% NOK 7.1m
Sven Storesund	Asset Manager	7.8yrs	no data	no data

7.8yrs

Average Tenure

Experienced Management: REACH's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anders Onarheim	Independent Director	12yrs	NOK 255.00k	0.33% NOK 8.2m
Martha Kold Bakkevig	Director	4.5yrs	NOK 255.00k	no data
Espen Gjerde	Board Observer & Director	2.7yrs	NOK 255.00k	no data
Rachid Bendriss	Chairperson	4.5yrs	NOK 503.00k	no data
Kristine Skeie	Independent Director	6.5yrs	NOK 306.00k	0.22% NOK 5.5m
Ingunn Iveland	Independent Director	5.8yrs	NOK 332.00k	0.022% NOK 553.7k
Arvid Pettersen	Board Observer & Director	2.7yrs	NOK 255.00k	no data

4.5yrs

Average Tenure

55yo

Average Age

Experienced Board: REACH's board of directors are considered experienced (4.5 years average tenure).

Reach Subsea Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently sold kr877k worth of stock

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

Chief Technology Officer recently bought kr205k worth of stock

Chief Technology Officer recently bought kr217k worth of stock

Less than half of directors are independent

Independent Director recently bought kr950k worth of stock

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Independent Director recently sold kr877k worth of stock

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Consensus EPS estimates fall by 12%, revenue upgraded

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of kr0.36 per share

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

First quarter 2024 earnings released: EPS: kr0.02 (vs kr0.02 in 1Q 2023)

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Dividend increased to kr0.36

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Asa Proposes Dividend for the Financial Year 2023, Payable on June 11, 2024

Chief Technology Officer recently bought kr205k worth of stock

Reach Subsea ASA to Report Fiscal Year 2024 Final Results on Apr 30, 2025

Consensus EPS estimates increase by 20%

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Market cap size

Reach Subsea ASA (OB:REACH) entered into an agreement to acquire Guardian Geomatics Pty. Ltd. from shareholders for AUD 15.8 million.

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Chief Technology Officer recently bought kr217k worth of stock

Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Asa Approves Cash Dividend for the Financial Year 2022, Payable on or About 8 June 2023

Upcoming dividend of kr0.18 per share at 4.3% yield

Reach Subsea Asa Proposes Cash Dividend for the Financial Year 2022, Payable on or About 8 June 2023

First quarter 2023 earnings released: EPS: kr0.02 (vs kr0.23 loss in 1Q 2022)

Reach Subsea ASA has completed a Follow-on Equity Offering in the amount of NOK 124.99675 million.

Full year 2022 earnings released: EPS: kr0.34 (vs kr0.65 in FY 2021)

Investor sentiment improves as stock rises 17%

Reach Subsea ASA to Report Q4, 2023 Results on Feb 14, 2024

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Independent Director recently bought kr950k worth of stock

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Reach Subsea ASA Approves Cash Dividend, Payable on June 8, 2022

Upcoming dividend of kr0.18 per share

High number of new and inexperienced directors

Reach Subsea ASA Proposes Cash Dividend for the Financial Year 2021, Payable on 7 June 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Ordinary Shares to Be Deleted from Other OTC

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Reach Subsea ASA Announces Demise of Sverre B. Mikkelsen, Board Member

Reach Subsea ASA (OB:REACH) agreed to acquire iSURVEY Group AS from Norvestor VI, L.P., managed by Norvestor Equity AS, iSURVEY's management team and current and former employees for approximately NOK 140 million.

Reach Subsea ASA announced that it expects to receive NOK 149.911343 million in funding

Full year 2021 earnings: EPS and revenues exceed analyst expectations

With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Reach Subsea ASA Proposes Dividend

Reach Subsea ASA (OB:REACH) entered into an agreement to acquire Octio AS from Equinor Ventures AS.

Independent Director recently bought kr1.5m worth of stock

Third quarter 2021 earnings released: EPS kr0.31 (vs kr0.23 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS kr0.11 (vs kr0.22 in 2Q 2020)

The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Upcoming dividend of kr0.15 per share

Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

Reach Subsea ASA Decides to Propose Cash Dividend for the Financial Year 2020, Payable on 21 June 2021