DBS Group CEO Tan Su Shan has trimmed her shareholding after the bank’s stock moved back above S$60.
Tan sold 100,000 DBS shares through the open market on May 15 at S$60.12 each, The Edge reported.
Her interest in the bank fell to 0.048% after the transaction, from 0.052% previously.
The share sale followed a recent rise in DBS’s stock price, which moved past S$60 on 14 May.
By the close of trading on 18 May, DBS shares were at S$60.76, giving the bank a market value of S$172.81 billion.
DBS had reported first-quarter net profit of S$2.93 billion for the three months ended 31 March 2026.
The figure was 1% higher than a year earlier and 24% above the previous quarter.
Total income reached S$5.95 billion, supported by wealth management, fee income and treasury customer sales.
Chief Financial Officer Chng Sok Hui indicated at the bank’s results briefing that DBS had a reasonable chance of keeping FY2026 earnings near the previous year’s level.
Tan received S$9.6 million in remuneration for 2025 after taking over from Piyush Gupta as CEO on 28 March 2025.
Her pay package included a base salary of S$975,250, a cash bonus of S$3.7 million, S$4.9 million in deferred awards and S$68,694 in non-cash benefits.
Around 17% of the deferred awards will be paid in cash, with the rest to be delivered in shares.
Featured image: Edited by Fintech News Singapore, based on image by bunditinay via Magnific
