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G2 Information Regarding Members of the Board of Directors and Group Management (Tables)
12 Months Ended
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.