Tom Einar Jensen is the CEO of FREYR Battery, Inc., a company focused on making sustainable battery solutions. He holds a Master’s degree in Finance and Economics from the Norwegian School of Economics, giving him a strong foundation in both...

Tom Einar Jensen is the CEO of FREYR Battery, Inc., a company focused on making sustainable battery solutions. He holds a Master’s degree in Finance and Economics from the Norwegian School of Economics, giving him a strong foundation in both business and finance. Jensen has a unique history with FREYR, having worked with the company since July 2021 and returning in June 2024 after a brief break. Under his leadership, the company aims to grow and innovate in the challenging battery market, where competition is tough and technology is rapidly evolving. In 2023, his total compensation was $1,578,592, which included a salary of $398,363 and significant stock options aimed at motivating performance. Notably, he managed to secure 661,000 stock options based on performance metrics achieved this year. Jensen's insider trading activity shows significant movements, with transactions averaging up to $894,110 in early 2024. Overall, he is steering FREYR through exciting yet challenging times, navigating the complexities of executive leadership while focusing on long-term success for the company.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other FREYR Battery CEOs

F

Tom Einar Jensen

Founder and Ex-CEO of FREYR Battery

Education

M.Sc. in Finance and Economics from the Norwegian School of Economics

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1970 - 55 years ago

CEO of FREYR Battery for

0 years 5 months (Jun 2024 - Nov 2024)

Previous Experience

Co-Founder of FREYR Legacy, Partner of EDGE Global LLC, Partner and Senior Advisor at SYSTEMIQ Ltd, Executive Vice President at Joule Unlimited Technologies, CEO at Agrinos AS, various positions at Norsk Hydro

Rivals

Competitors/colleagues of Tom Einar Jensen

Holdings

See how much did Tom Einar Jensen make over time.

Tom Einar Jensen has actively engaged in insider trading, showing a strong commitment to FREYR Battery. His transactions in 2024 reflect substantial trading activity, starting with a peak value of $894.11K in May and gradually reducing to $415.36K by September....

Tom Einar Jensen has actively engaged in insider trading, showing a strong commitment to FREYR Battery. His transactions in 2024 reflect substantial trading activity, starting with a peak value of $894.11K in May and gradually reducing to $415.36K by September. These figures reveal fluctuations in his trading volume, signaling strategic trades as he navigates the dynamic landscape of the battery industry. At one point, his holdings represented a significant portion of his wealth, reflecting his confidence in FREYR's trajectory. His recent stock options, totaling 661,000, are meant to align his interests with the company's performance and growth, showing that he has a stake in FREYR's future.

Loading...

Insider Trading

See recent insider trades of Tom Einar Jensen.

No insider trades found for this CEO.

Compensation History

See how much did Tom Einar Jensen make over time.

In 2023, Tom Einar Jensen's total reported compensation amounted to $1,578,592, which was primarily made up of his salary and stock options rather than bonuses or stock awards. He earned a base salary of $398,363 but did not receive any bonuses since company performance did not meet the threshold for short-term incentives that year. His compensation structure reflects a strong focus on linking pay to performance, as evidenced by the granting of 250,000 stock options that require market conditions to be met for vesting. Notably, he previously averaged a total compensation of $2,050,000 in 2022, indicating a drop tied to performance metrics not being met. This emphasizes his commitment to performance-driven compensation, aiming to align his interests with those of the shareholders and the overall success of FREYR Battery.

Year

2023

Total Compensation

$576.59K

Salary

$398.36K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and retaining key executives.

Bonus

$0.00

Board Justification

No STIP was earned due to threshold requirements not being achieved in 2023.

Other

$178.23K

Board Justification

Other compensation includes consulting payments and director compensation.

Restricted Stock

$0.00(0 N/A)

Board Justification

No RSUs were granted to Mr. Jensen in 2023, and he did not receive any stock awards that vested in 2023.

Performance Metrics

Performance metrics for 2023 included achievement of key milestones and overall company performance.

Other FREYR Battery CEOs

Here are other CEOs of FREYR Battery

Birger K. Steen

Ex-CEO of FREYR Battery

August 2023 - June 2024

Daniel Barcelo

CEO of FREYR Battery

November 2024 - Present