DBS’s (SGX:D05
) CEO Tan Su Shan has sold 100,000 shares in the bank via the open market.
Tan disposed of the shares at $60.12 apiece on May 15.
Following the disposal, Tan’s stake in DBS fell to 0.048% from 0.052% previously.
On April 30, the bank reported earnings of $2.93 billion for the 1QFY2026 ended March 31, 1% and 24% higher y-o-y and q-o-q respectively.
At a briefing the same day, CFO Chng Sok Hui said the bank has a “good shot” of keeping its earnings close to FY2025’s levels.
Tan earned $9.6 million in 2025, after succeeding former chief Piyush Gupta on March 28, 2025.
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Her remuneration comprised a base salary of $975,250, a cash bonus of $3.7 million, $4.9 million in deferred awards, and $68,694 in non-cash benefits, including club, car, and driver perks. About 17% of the deferred awards will be paid in cash, with the remainder delivered in shares.
Shares in DBS re-crossed the $60 mark on May 14.
As at May 18, the bank’s shares closed at $60.76, valuing the bank at $172.81 billion.
