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G3 Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of terms and conditions of share-based payment arrangement [line items]

Summary of Performance Criteria

LTV and EPP performance criteria

Program year		Target				Criteria				Weight		Performance period				Vesting opportunity (linear pro-rata)				Achievement3)				Achieved vesting level
2024			2024 Group operating income (EBITA)				Range (SEK billion): 16.7 -30.7			45%			Jan 1, 2024–Dec 31, 2024				0%–200%				SEK 26.0 billion	2)			132.82	%
2024			Absolute TSR				Range: 6%–14%			25%			Jan 1, 2024–Dec 31, 2026				0%–200%
2024			Relative TSR				Ranking of Ericsson: 6–2			20%			Jan 1, 2024–Dec 31, 2026				0%–200%	1)
2024			Group Environmental, Social and Governance (“ESG”)				CO2e emissions (ktonnes): 138–114			1.66%			Jan 1, 2024–Dec 31, 2024				0%–200%				105.6 ktonne CO2				200	%
							CO2e emissions (ktonnes): 133–110			1.66%			Jan 1, 2025–Dec 31, 2025				0%–200%
							CO2e emissions (ktonnes): 126–102			1.68%			Jan 1, 2026–Dec 31, 2026				0%–200%
							Increasing the representation of women leaders in the Group: Range 25%–27%			5%			Jan 1, 2024–Dec 31, 2026				0%–200%
2024 Total										100%							0%–200%
2023			2023 Group operating income (EBITA)				Range (SEK billion): 26.4 -40.4			45%			Jan 1, 2023–Dec 31, 2023				0%–200%				SEK 21.4 billion	2)			0	%
2023			Absolute TSR				Range: 6%-14%			25%			Jan 1, 2023–Dec 31, 2025				0%–200%
2023			Relative TSR				Ranking of Ericsson: 6–2			20%			Jan 1, 2023–Dec 31, 2025				0%–200%	1)
2023			Group Environmental, Social and Governance (“ESG”)				CO2e emissions (ktonnes): 142–121			1.66%			Jan 1, 2023–Dec 31, 2023				0%–200%				121.9 ktonne CO2				193.72	%
							CO2e emissions (ktonnes): 132–113			1.66%			Jan 1, 2024–Dec 31, 2024				0%–200%				105.6 ktone CO2				200	%
							CO2e emissions (ktonnes): 122–104			1.68%			Jan 1, 2025–Dec 31, 2025				0%–200%
							Increasing the representation of women leaders in the Group: Range 23%–25%			5%			Jan 1, 2023–Dec 31, 2025				0%–200%
2023 Total										100%							0%–200%
2022			2022 Group operating income (EBIT)				Range (SEK billion): 24.1–34.1			45%			Jan 1, 2022–Dec 31, 2022				0%–200%				SEK 32.2 billion	2)			162.76	%
2022			Absolute TSR				Range: 6%-14%			25%			Jan 1, 2022–Dec 31, 2024				0%–200%				0.54%				0.00	%
2022			Relative TSR				Ranking of Ericsson: 6–2			20%			Jan 1, 2022–Dec 31, 2024				0%–200%	1)			10 out of 12				0.00	%
2022			Group Environmental, Social and Governance (“ESG”)				CO2e emissions (ktonnes): 265–200			5%			Jan 1, 2022–Dec 31, 2024				0%–200%				201.3 ktonne CO2				189.52	%
							Increasing the representation of women leaders in the Group: Range 22%–24%			5%			Jan 1, 2022–Dec 31, 2024				0%–200%				24.15%				200	%
2022 Total										100%							0%–200%								92.72	%
2021			2021 Group operating income (EBIT)				Range (SEK billion): 15.0–24.0			50%			Jan 1, 2021–Dec 31, 2021				0%–200%				SEK 27.4 billion	2)			200	%
2021			Absolute TSR				Range: 6%–14%			30%			Jan 1, 2021–Dec 31, 2023				0%–200%				–16.17%				0.00	%
2021			Relative TSR				Ranking of Ericsson: 6–2			20%			Jan 1, 2021–Dec 31, 2023				0%–200%	1)			12 out of 11				0.00	%
2021 Total										100%							0%–200%								100.00	%

1)  The portion of the Performance Share Awards granted to a participant based on the relative TSR performance condition is subject to fulfilment of the related performance criteria over the performance period compared to peer groups consisting of 11 companies for the program year 2024, 2023, 2022 and 2021. The vesting of the Performance Share Awards under this performance condition will vary depending on the Company’s TSR performance ranking versus the other companies in the peer group at the end of the performance period.

2)  Excludes restructuring charges and items not included in target performance criterion.

3)  Resolved by the Board of Directors.

Number of shares for Executive Team and Executives

Number of shares for Executive Team and Executives
(million) Share-settled programs		LTV  2024				LTV  2023				LTV  2022				LTV  2021
Maximum shares required			10.4				4.1				2.0				2.1
Granted shares			4.0				3.7				0.7				0.6
of which the president and CEO			0.5				0.6				0.3				0.3

Outstanding number of shares

Executive Team/ Executives programs1)

of which the President and CEO

(million) Share-settled programs

LTV  2024

LTV  2023

LTV  2022

LTV  2021

Prior  20212)

Total

LTV  2024

LTV  2023

LTV  2022

LTV  2021

Prior  20212)

Total

Outstanding number of shares, beginning of period

–

2.0

0.9

0.5

1.7

5.1

–

0.3

0.4

0.3

0.7

1.7

Granted shares for current year program

4.0

–

–

–

–

4.0

0.5

–

–

–

–

0.5

Exercised

–

–

–

–0.5

–1.5

–2.0

–

–

–

–0.3

–0.7

–1.0

Forfeited

–

–0.2

–0.1

–

–0.2

–0.5

–

–

–

–

–

–

Increase/decrease due to performance condition

0.7

0.1

–0.2

–

–

0.6

0.1

–

–0.1

–

–

–

Outstanding number of shares, end of period

4.7

1.9

0.6

–

–

7.2

0.6

0.3

0.3

–

–

1.2

1)  LTV 2023 and 2024 include Executive Team and Executives.

2)  Includes LTV 2019 and LTV 2020 programs.

Summary of Compensation Expense

Compensation expense for LTV 2021–2024
(million)		2024				2023				2022				2021				Total
Share-settled programs1)
LTV 2024			44				–				–				–				44
LTV 2023			24				25				–				–				49
LTV 2022			18				20				12				–				50
LTV 2021			7				31				36				24				98
Total share-settled programs of which the President and CEO			93 24				76 28				48 22				24 11				241 85
Cash-settled plans
EPP 2022			30				20				12				–				62
EPP 2021			–3				16				15				17				45
Total executive performance plans			27				36				27				17				107
KC 2024			1,127				–				–				–				1,127
KC 2023			620				811				–				–				1,431
KC 2022			217				330				280				–				827
KC 2021			–11				91				89				355				524
Total key contributor plans			1,953				1,232				369				355				3,909
Total cash-settled plans			1,980				1,268				396				372				4,016
Total compensation expense			2,073				1,344				444				396				4,257

1)  LTV 2024 and 2023 include Executive Team and Executives

Summary of FV Per Performance Criteria and Program

Fair values (SEK)
Executive team/Executives programs			LTV 2024				LTV 2023				LTV 2022				LTV 2021
Share price at grant			61.46				55.59				78.88				116.66
Fair value Absolute TSR			59.05				32.75				41.18				113.47
Fair value ESG – Environmental (1,2,3)			53.61				47.80				71.45				–
Fair value ESG – Social			53.61				47.80				71.45				–
Fair value Relative TSR			55.61				39.40				54.48				108.61
Fair value Group operating income (EBITA and EBIT)			53.61				47.80				71.45				110.70

Ericsson Share Purchase Plan [Member]

Disclosure of terms and conditions of share-based payment arrangement [line items]

Summary of Stock Purchase Plans

Ericsson share purchase plan

Eligible employees		Number of countries with ESPP		Number of participants				Take-up rate – percent of eligible employees
76,000		69			13,148				17.3%

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