Ericsson Finalizes Share Acquisition for Compensation Programs

Published 3 hours agoERIC

Ericsson Finalizes Share Acquisition for Compensation Programs

Ericsson has reached a resolution concerning its Long-Term Variable Compensation (LTV) Programs with plans to issue and acquire C-shares. The company's Annual General Meeting approved the issuance of 12.7 million C-shares to Skandinaviska Enskilda Banken AB (SEB) or its subsidiaries at approximately SEK 5 per share.

The Board of Directors is empowered to repurchase these shares at the same quota value. Once acquired, the C-shares will be converted into B-shares, which can be transferred to employees or traded. Ericsson intends to distribute up to 10.9 million B-shares, without charge, to employees under the LTV 2025 terms.

Additionally, to manage associated costs such as taxes and social security, the company may sell up to 70% of the vested B-shares on Nasdaq Stockholm. Moreover, Ericsson plans to allocate up to 1.8 million B-shares on the exchange to offset social security expenses. This approach supports Ericsson's strategy to align its executives’ and employees’ interests with the firm’s long-term goals, according to Reuters.

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