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In conjunction with the delivery of vested shares under the long-term variable compensation program I and II 2023 ("LTV I and II 2023"), Ericsson's (NASDAQ: ERIC) annual general meeting on March 31, 2026 authorized the company to retain and sell no more than 70% of LTV I and II 2023 shares of series B in the company. Ericsson has decided to utilize the authorization to transfer shares to cover costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards.
The transfer of these shares may take place on Nasdaq Stockholm during the period from and including May 18, 2026, up to the annual general meeting 2027, at a price within the price interval registered from time to time.
Ericsson currently holds 47,132,698 shares of series B in the company and the maximum number of shares that may be transferred on Nasdaq Stockholm pursuant to the decision to utilize the authorization amounts to 1,878,306 shares of series B in the company.
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ABOUT Ericsson:
Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com
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SOURCE Ericsson
