Nordea Bank Announces Share-Based Incentive Receipt for CEO Frank Vang-Jensen

Nordea Bank Abp disclosed that its President and Group CEO, Frank Vang-Jensen, has been awarded 43,727 shares in the bank. This transaction is part of a share-based incentive scheme, in accordance with the EU Market Abuse Regulation. The notification for this incentive was formally submitted, as required by regulatory obligations. The shares were allocated to Vang-Jensen on April 4, 2024, and the value of the shares at the time of receipt was recorded at 0 EUR.

This stock incentive is an illustration of Nordea Bank's practices in rewarding its top management, aligning with the industry's standards for compensation and incentives. The bank made this information public on April 5, 2024, fulfilling its disclosure requirements under the EU regulation. Nordea Bank has communicated that any inquiries regarding this transaction can be directed to Susanna Aarnio-Halme, part of their Group Corporate Communication team.

The transparency demonstrated by Nordea Bank regarding its executive compensation practices is part of its commitment to adhere to regulatory standards and market expectations. The detailed reporting of such transactions ensures the bank's stakeholders are well informed about its internal governance policies.