SpareBank 1 Østlandet

OTCPK:SPRB.F Stock Report

Market Cap: US$1.4b

SpareBank 1 Østlandet Management

Management criteria checks 4/4

SpareBank 1 Østlandet's CEO is Richard Heiberg, appointed in Jun 2010, has a tenure of 13.25 years. total yearly compensation is NOK5.03M, comprised of 94.7% salary and 5.3% bonuses, including company stock and options. directly owns 0.098% of the company’s shares, worth $1.38M. The average tenure of the management team and the board of directors is 6.8 years and 4.7 years respectively.

Key information

Richard Heiberg

Chief executive officer

kr5.0m

Total compensation

CEO salary percentage94.7%
CEO tenure13.3yrs
CEO ownership0.1%
Management average tenure6.8yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Richard Heiberg's remuneration changed compared to SpareBank 1 Østlandet's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

kr2b

Mar 31 2023n/an/a

kr1b

Dec 31 2022kr5mkr5m

kr1b

Sep 30 2022n/an/a

kr1b

Jun 30 2022n/an/a

kr1b

Mar 31 2022n/an/a

kr1b

Dec 31 2021kr5mkr5m

kr1b

Sep 30 2021n/an/a

kr1b

Jun 30 2021n/an/a

kr1b

Mar 31 2021n/an/a

kr1b

Dec 31 2020kr5mkr5m

kr1b

Sep 30 2020n/an/a

kr995m

Jun 30 2020n/an/a

kr974m

Mar 31 2020n/an/a

kr996m

Dec 31 2019kr5mkr4m

kr1b

Sep 30 2019n/an/a

kr1b

Jun 30 2019n/an/a

kr1b

Mar 31 2019n/an/a

kr1b

Dec 31 2018kr5mkr4m

kr965m

Sep 30 2018n/an/a

kr959m

Jun 30 2018n/an/a

kr970m

Mar 31 2018n/an/a

kr875m

Dec 31 2017kr7mkr4m

kr850m

Sep 30 2017n/an/a

kr546m

Jun 30 2017n/an/a

kr714m

Mar 31 2017n/an/a

kr755m

Dec 31 2016kr6mkr3m

kr737m

Compensation vs Market: Richard's total compensation ($USD470.52K) is below average for companies of similar size in the US market ($USD5.10M).

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

CEO

Richard Heiberg (67 yo)

13.3yrs

Tenure

kr5,026,000

Compensation

Mr. Richard H. Heiberg had been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 until April 30, 2020 and serves as its Director. He has been the Chief Executive Officer of SpareB...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Heiberg
Chief Executive Officer13.3yrskr5.03m0.098%
NOK 1.4m
Geir-Egil Bolstad
Chief Financial Officer6.8yrskr3.28m0.038%
NOK 536.7k
Elin Ørbæk
Chief Operations Officer4.3yrskr2.44m0.0018%
NOK 25.0k
Liv Murud
Executive Vice President HR & Legal2.4yrskr2.23m0.0033%
NOK 46.5k
Siv Stenseth
Executive Vice President Communication & Social Affairno datakr2.38m0.0034%
NOK 48.3k
Hans Wedvik
Executive Vice President of Corporate Marketno datakr2.71m0.0030%
NOK 42.7k
Dag-Arne Hoberg
Executive Vice President of Innovation & Business Developmentno datakr2.70m0.0066%
NOK 92.2k
Vidar Nordheim
Chief Risk Officerno datakr2.48m0.0074%
NOK 104.0k
Kari Gisnas
Head of Personal Banking & Executive VP of Retail Marketno datakr2.76m0.0030%
NOK 42.7k
Espen Mejlænder-Larsen
Executive Vice President of Organisation & Capital Marketsno datakr2.39mno data
Bjørn-Erik Orskaug
Head of Investor Relationsno datano datano data
Magnus Aasen
Managing Director of EiendomsMegler 1 Innlandet AS10.8yrskr1.78mno data

6.8yrs

Average Tenure

59.5yo

Average Age

Experienced Management: SPRB.F's management team is seasoned and experienced (6.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Siri Strommevold
Chair of the Board17.7yrskr509.00kno data
Nina Strom Swensson
Deputy Chairman of the Board13.7yrskr385.00kno data
Tore Dobloug
Director4.7yrskr350.00kno data
Jonny Holen
Member of the Board of Representativesno datakr24.00kno data
Pål-Jan Stokke
Chairman of the Supervisory Boardno datakr6.00kno data
Alexander Lund
Director4.7yrskr328.00kno data
Siri Enget
Deputy Chairman of supervisory board5.5yrsno datano data
Sjur Smedstad
Director1.7yrskr192.00k0.0013%
NOK 18.8k
Jorn-Henning Eggum
Director2.7yrskr230.00kno data
Elin Ostli
Deputy Directorno datano datano data
Idun Fridtun
Director1.7yrskr188.00kno data
Catherine Norland
Director1.7yrskr201.00k0.00020%
NOK 2.8k

4.7yrs

Average Tenure

55.5yo

Average Age

Experienced Board: SPRB.F's board of directors are considered experienced (4.7 years average tenure).

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