Komplett Bank Annual Report 2020

basis of pay development in society in general, and in the finance industry in particular. 3.2 One-time allowances Any one-time allowances can be share-option based. Share options awarded under these schemes shall be at full market value. The contract period shall be five years, however so that the contract period for two-piece options can be extended by a further three years provided that an adjustment to the subscrip- tion price (strike) is made at the same time to compensate for the market value of the extension. The Board of Directors determines more detailed guidelines and criteria for these schemes. 3.3 Pension All employees are covered by a defined contribution pension scheme with 6% of salary from 1-7.1 G and with 12% of salary from 7.1-12 G. No other pension schemes have been agreed for any employees. 3.4 Benefits in kind Benefits in kind that are not significant in relation to fixed salary are determined for all employees by the CEO. Benefits in kind are granted in accordance with general practice and to promote physical activity among employees. 3.5 Share-based fixed salary Employees may, upon further agreement, be given the opportunity to receive up to 33% of fixed salary in the form of shares or share- based instruments in exchange for a corresponding reduction of the ordinary salary benefits. SHARES OWNED 1) BY THE MANAGEMENT OR BY THE BOARD OF DIRECTORS AS AT 31.12.2020 Name Number of shares Ownership in % Chief Executive Officer Jan Olov Haglund 600,000 0.32% Chief Financial Officer Henning Fagerbakke 202,861 0.11% Director Credit Risk & Collections Annika Johanna Ramstedt 90,008 0.05% Chief Operations Officer Christina Heskestad Pedersen 205,462 0.11% Chief Marketing Officer/ Chief Information Officer Steffen Ryengen 1,767,724 0.95% Director Legal & HR Wilhelm Bruun Thomassen 2,018,053 1.08% Director Credit Cards Eirik Holtedahl 849,856 0.46% Director Consumer loans & POS Enok Johan Söderberg Hanssen - 0.00% Chief Compliance Officer Eivind Bagås 39,619 0.02% Chief Risk Officer Ove Holstangen - 0.00% Board of Directors - 869,460 0.47% Related parties to all mentioned above - 0.00% Total 6,643,043 3.56% SHARES OWNED 1) BY THE MANAGEMENT OR BY THE BOARD OF DIRECTORS AS AT 31.12.2019 Name Number of shares Ownership in % Chief Executive Officer Jan Olov Haglund 560,000 0.30% Chief Financial Officer Henning Fagerbakke 117,661 0.06% Director Credit Risk & Collections Annika Johanna Ramstedt 50,008 0.03% Chief Operations Officer Christina Heskestad Pedersen 32,000 0.02% Chief Marketing Officer/Chief Information Officer Steffen Ryengen 1,549,583 0.84% Director Legal & HR Wilhelm Bruun Thomassen 1,959,961 1.06% Director Credit Cards Eirik Holtedahl 640,502 0.35% Director Consumer loans & POS Enok Johan Söderberg Hanssen 107,574 0.06% Chief Compliance Officer Eivind Bagås 1,223 0.00% Board of directors - 805,049 0.44% Related parties to all mentioned above - - 0.00% Total 5,823,561 3.16% 1) Either owned directly or through ownership of a legal company, including shares owned indirectly through companies where the person in questions controls the majority of shares. Komplett Bank Annual Report 2020 97