Reach Subsea Management

Management criteria checks 4/4

Reach Subsea's CEO is Jostein Alendal, appointed in Nov 2014, has a tenure of 9.5 years. total yearly compensation is NOK3.25M, comprised of 67.4% salary and 32.6% bonuses, including company stock and options. directly owns 0.055% of the company’s shares, worth NOK905.94K. The average tenure of the management team and the board of directors is 7.3 years and 4 years respectively.

Key information

Jostein Alendal

Chief executive officer

kr3.2m

Total compensation

CEO salary percentage	67.4%
CEO tenure	9.5yrs
CEO ownership	0.06%
Management average tenure	7.3yrs
Board average tenure	4yrs

Recent management updates

Recent updates

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

What We Learned About Reach Subsea's (OB:REACH) CEO Pay

Dec 23

Can Mixed Fundamentals Have A Negative Impact on Reach Subsea ASA (OB:REACH) Current Share Price Momentum?

Nov 27

CEO Compensation Analysis

How has Jostein Alendal's remuneration changed compared to Reach Subsea's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	kr3m	kr2m	kr226m
Sep 30 2023	n/a	n/a	kr181m
Jun 30 2023	n/a	n/a	kr155m
Mar 31 2023	n/a	n/a	kr112m
Dec 31 2022	kr3m	kr2m	kr72m
Sep 30 2022	n/a	n/a	kr83m
Jun 30 2022	n/a	n/a	kr75m
Mar 31 2022	n/a	n/a	kr47m
Dec 31 2021	kr3m	kr2m	kr94m
Sep 30 2021	n/a	n/a	kr85m
Jun 30 2021	n/a	n/a	kr75m
Mar 31 2021	n/a	n/a	kr86m
Dec 31 2020	kr2m	kr2m	kr43m
Sep 30 2020	n/a	n/a	kr4m
Jun 30 2020	n/a	n/a	-kr25m
Mar 31 2020	n/a	n/a	-kr50m
Dec 31 2019	kr2m	kr2m	-kr36m
Sep 30 2019	n/a	n/a	-kr15m
Jun 30 2019	n/a	n/a	-kr11m
Mar 31 2019	n/a	n/a	-kr9m
Dec 31 2018	kr2m	kr2m	-kr10m
Sep 30 2018	n/a	n/a	-kr16m
Jun 30 2018	n/a	n/a	-kr21m
Mar 31 2018	n/a	n/a	-kr37m
Dec 31 2017	kr1m	kr1m	-kr31m

Compensation vs Market: Jostein's total compensation ($USD295.40K) is about average for companies of similar size in the Norwegian market ($USD315.42K).

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

CEO

Jostein Alendal

9.5yrs

Tenure

kr3,247,000

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	9.5yrs	kr3.25m	0.055% NOK 905.9k
Birgitte Johansen	Chief Financial Officer	no data	kr3.28m	0.11% NOK 1.8m
Inge Grutle	Chief Operations Officer	7.7yrs	kr3.23m	0.45% NOK 7.4m
Audun Brandtzaeg	Chief Technology Officer	1.3yrs	kr3.03m	0.074% NOK 1.2m
Bard Hogheim	Chief Commercial Officer	7.2yrs	kr3.42m	0.29% NOK 4.7m
Sven Storesund	Asset Manager	7.3yrs	no data	0.61% NOK 10.0m

7.3yrs

Average Tenure

Experienced Management: REACH's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anders Onarheim	Independent Director	11.5yrs	kr255.00k	0.37% NOK 6.0m
Martha Kold Bakkevig	Director	4yrs	kr255.00k	no data
Espen Gjerde	Board Observer & Director	2.2yrs	kr255.00k	no data
Rachid Bendriss	Chairperson	4yrs	kr503.00k	no data
Kristine Skeie	Independent Director	6yrs	kr306.00k	0.19% NOK 3.1m
Ingunn Iveland	Independent Director	5.3yrs	kr332.00k	0.022% NOK 365.9k
Arvid Pettersen	Board Observer & Director	2.2yrs	kr255.00k	no data

4.0yrs

Average Tenure

54yo

Average Age

Experienced Board: REACH's board of directors are considered experienced (4 years average tenure).

Reach Subsea Management

Management criteria checks 4/4

Key information

Recent management updates

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

High number of new and inexperienced directors

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

Recent updates

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

Upcoming dividend of kr0.15 per share

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

First quarter 2021 earnings released: EPS kr0.08 (vs kr0.22 loss in 1Q 2020)

Reach Subsea ASA Proposes Dividend for 2020

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

Reach Subsea ASA Provides Turnover Guidance for the Year 2021

Full year 2020 earnings released: EPS kr0.31 (vs kr0.25 loss in FY 2019)

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

Reach Subsea ASA and MMT Sweden Awards A Three-Year Contract

New 90-day high: kr2.86

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

Reach Subsea ASA Provides Update on Reach Remote, New and Future-Proof, Sustainable Solutions for Subsea Services

New 90-day high: kr2.40

What We Learned About Reach Subsea's (OB:REACH) CEO Pay

Reach Subsea ASA to Report Q4, 2021 Results on Feb 08, 2022