DBS Group Holdings chief executive officer Tan Su Shan has sold 100,000 shares in the bank through an open market transaction.
According to a filing, the shares were disposed of on May 15 at S$60.12 per share.
Following the transaction, Tan’s shareholding in DBS declined slightly to 0.048% from 0.052% previously.
The share sale comes shortly after DBS reported strong financial results for the first quarter ended March 31, 2026. The bank posted earnings of S$2.93 billion, representing a 1% increase year-on-year and a 24% jump quarter-on-quarter.
During a briefing held on April 30, DBS chief financial officer Chng Sok Hui said the bank remains optimistic about maintaining earnings close to its FY2025 performance levels.
Tan officially assumed the role of CEO on March 28, 2025, succeeding long-serving chief executive Piyush Gupta.
For 2025, Tan received total remuneration of S$9.6 million. Her compensation package included a base salary of S$975,250, a cash bonus of S$3.7 million, deferred awards worth S$4.9 million, and non-cash benefits amounting to S$68,694, including club, car and driver-related perks.
DBS noted that approximately 17% of the deferred awards will be paid in cash, while the remaining portion will be delivered in shares.
DBS shares recently climbed back above the S$60 level on May 14. As of May 18, the stock closed at S$60.76, giving the bank a market capitalisation of approximately S$172.81 billion.
