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G2 Information Regarding Members of the Board of Directors and Group Management (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Information About Board Of Directors And Group Management [Abstract] |
Summary of Remuneration to Members of the Board of Directors | Remuneration to members of the Board of Directors
SEK |  |  | Board fees |  |  |  | Number of synthetic shares/portion of Board fee 4) |  |  |  | Value at grant date of synthetic shares allocated in 2023 4) |  |  |  | Number of previously allocated synthetic shares outstanding |  |  |  | Net change in value of synthetic shares | 1) |  |  | Committee fees |  |  |  | Total fees paid in cash | 2) |  |  | Total remunera- tion 2023 |  |  |  | Total remunera- tion 2022 |
|  |  |  |  |  |  |  | A |  |  |  |  |  | B |  |  |  |  |  | C |  |  | (A+B+C) |  |  |  |
Board member |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Jan Carlson |  |  | 4,500,000 |  |  |  | – |  |  |  | – |  |  |  | 34,041 |  |  |  | –837,475 |  |  |  | 420,000 |  |  |  | 4,920,000 |  |  |  | 4,082,525 |  |  |  | –218,839 |
Jacob Wallenberg |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 34,041 |  |  |  | –837,475 |  |  |  | 185,000 |  |  |  | 1,325,000 |  |  |  | 487,525 |  |  |  | –493,839 |
Börje Ekholm |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Carolina Dybeck Happe |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 10,003 |  |  |  | –166,650 |  |  |  | – |  |  |  | – |  |  |  | –166,650 |  |  |  | 609,182 |
Christy Wyatt |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 185,000 |  |  |  | 1,325,000 |  |  |  | 1,325,000 |  |  |  | – |
Eric A. Elzvik |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 11,345 |  |  |  | –279,111 |  |  |  | 495,000 |  |  |  | 1,635,000 |  |  |  | 1,355,889 |  |  |  | 983,791 |
Helena Stjernholm |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 22,693 |  |  |  | –558,274 |  |  |  | 185,000 |  |  |  | 1,325,000 |  |  |  | 766,726 |  |  |  | 97,535 |
Jon Fredrik Baksaas |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 25,391 |  |  |  | –619,545 |  |  |  | 495,000 |  |  |  | 1,635,000 |  |  |  | 1,015,455 |  |  |  | –214,424 |
Jonas Synnergren |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 470,000 |  |  |  | 1,610,000 |  |  |  | 1,610,000 |  |  |  | – |
Kristin S. Rinne |  |  | 1,140,000 |  |  |  | – |  |  |  | – |  |  |  | 16,913 |  |  |  | –458,693 |  |  |  | 370,000 |  |  |  | 1,510,000 |  |  |  | 1,051,307 |  |  |  | 305,308 |
Kurt Jofs 5) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 11,427 |  |  |  | –239,336 |  |  |  | – |  |  |  | – |  |  |  | –239,336 |  |  |  | 1,275,090 |
Nora Denzel 5) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 11,345 |  |  |  | –279,111 |  |  |  | – |  |  |  | – |  |  |  | –279,111 |  |  |  | 688,791 |
Ronnie Leten 5) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 63,985 |  |  |  | –1,784,460 |  |  |  | – |  |  |  | – |  |  |  | –1,784,460 |  |  |  | 2,258,226 |
Employee Representatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Kjell-Åke Soting |  |  | 54,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 22,200 |  |  |  | 76,950 |  |  |  | 76,950 |  |  |  | 58,500 |
Annika Salomonsson 6) |  |  | 54,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 14,400 |  |  |  | 69,150 |  |  |  | 69,150 |  |  |  | 28,500 |
Ulf Rosberg 7) |  |  | 54,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 9,000 |  |  |  | 63,750 |  |  |  | 63,750 |  |  |  | 43,500 |
Loredana Roslund (deputy) |  |  | 54,750 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 54,750 |  |  |  | 54,750 |  |  |  | 43,500 |
Frans Frejdestedt (deputy) 8) |  |  | 29,250 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 29,250 |  |  |  | 29,250 |  |  |  | – |
Stefan Wänstedt (deputy) 8) |  |  | 29,250 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 29,250 |  |  |  | 29,250 |  |  |  | – |
Torbjörn Nyman 9) |  |  | 25,500 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 11,700 |  |  |  | 37,200 |  |  |  | 37,200 |  |  |  | 66,000 |
Anders Ripa 10) |  |  | 23,250 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 6,900 |  |  |  | 30,150 |  |  |  | 30,150 |  |  |  | 55,500 |
Total |  |  | 13,946,250 |  |  |  | – |  |  |  | – |  |  |  | 241,184 |  |  |  | –6,060,130 |  |  |  | 2,869,200 |  |  |  | 15,675,450 |  |  |  | 9,615,320 | 3) |  |  | 5,586,321 |
1) | The difference in value as of the time for payment, compared to December 31, 2022, for synthetic shares allocated in 2018 (for which payment was made in 2023). The difference in value as of December 31, 2023 compared to December 31, 2022, for synthetic shares allocated in 2019, 2020, 2021 and 2022. Calculated on a share price of SEK 63.11. The value of synthetic shares allocated in 2019, 2020, 2021 and 2022 includes respectively SEK 1.50, SEK 2.00, SEK 2.50 and SEK 2.70 per share in compensation for dividends resolved by the Annual General Meetings 2020, 2021, 2022 and 2023, and the value of the synthetic shares allocated in 2018 includes dividend compensation for dividends resolved in 2019, 2020, 2021 and 2022.
2) | Committee fee and cash portion of the Board fee.
3) | Excluding social security charges in the amount of SEK 2,077,206.
4) | None of the Board members participated in the synthetic share program during 2023.
5) | Resigned from the Board of Directors in connection with the AGM held on March 29, 2023.
6) | Appointed employee representative Board member as of July 31, 2023, previously deputy employee representative Board member.
7) | Appointed employee representative Board member as of July 4, 2023, previously deputy employee representative Board member.
8) | Appointed deputy employee representative Board members as of September 1, 2023.
9) | Resigned as employee representative Board member as of July 31, 2023.
10) | Resigned as employee representative Board member as of July 4, 2023.
Summary of Remuneration Costs for the President and CEO and Other Members of Executive Team (ET) |
Remuneration costs for the President and CEO and other members of the Executive Team (ET)
SEK |  | President and CEO 2023 |  |  | President and CEO 2022 |  |  | President and CEO 2021 |  |  | Other members of ET 2023 3) |  |  | Other members of ET 2022 3) |  |  | Other members of ET 2021 |  |  | Total 2023 |  |  | Total 2022 |  |  | Total 2021 |
Salary 1) |  |  | 19,520,568 |  |  |  | 19,154,852 |  |  |  | 18,208,859 |  |  |  | 135,208,734 |  |  |  | 132,945,295 |  |  |  | 110,043,431 |  |  |  | 154,729,302 |  |  |  | 152,100,147 |  |  |  | 128,252,290 |
Termination benefits |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 25,503,967 |  |  |  | – |  |  |  | – |  |  |  | 25,503,967 |  |  |  | – |
Annual variable remuneration provision earned for the year |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 48,399,226 |  |  |  | 90,908,181 |  |  |  | 52,507,185 |  |  |  | 48,399,226 |  |  |  | 90,908,181 |  |  |  | 52,507,185 |
Long-term variable compensation provision |  |  | 31,708,587 |  |  |  | 41,125,015 |  |  |  | 43,701,650 |  |  |  | 30,547,582 |  |  |  | 43,688,149 |  |  |  | 48,260,833 |  |  |  | 62,256,169 |  |  |  | 84,813,164 |  |  |  | 91,962,483 |
Pension costs 2) |  |  | 10,151,804 |  |  |  | 9,856,121 |  |  |  | 9,569,049 |  |  |  | 24,607,643 |  |  |  | 42,248,588 |  |  |  | 40,886,802 |  |  |  | 34,759,447 |  |  |  | 52,104,709 |  |  |  | 50,455,851 |
Other benefits |  |  | 828,287 |  |  |  | 135,743 |  |  |  | 555,688 |  |  |  | 19,575,733 |  |  |  | 20,167,043 |  |  |  | 11,199,631 |  |  |  | 20,404,020 |  |  |  | 20,302,786 |  |  |  | 11,755,319 |
Social charges and taxes |  |  | 19,546,145 |  |  |  | 22,079,378 |  |  |  | 22,633,474 |  |  |  | 45,222,286 |  |  |  | 60,745,133 |  |  |  | 57,469,705 |  |  |  | 64,768,431 |  |  |  | 82,824,511 |  |  |  | 80,103,179 |
Total |  |  | 81,755,391 |  |  |  | 92,351,109 |  |  |  | 94,668,720 |  |  |  | 303,561,204 |  |  |  | 416,206,356 |  |  |  | 320,367,587 |  |  |  | 385,316,595 |  |  |  | 508,557,465 |  |  |  | 415,036,307 |
1) | Includes compensation for unused vacation days.
2) | Includes cash payments to the President and CEO in lieu of defined contribution payment in a cost neutral way to Ericsson.
3) | Does not include cash compensation paid to Rory Read of MUSD 32.76 in 2022 and 10,64 MSUD in 2023. The total amount was reported separately as ‘Deviations from adopted Guidelines for remuneration to Group Management’ in Remuneration Report 2022 as compensation for acceleration of pre-existing long-term share based variable incentive program of restricted and performance stock units (RSU and PSU) in Vonage.

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