Principles for Remuneration
Long-term incentive program
Since 2005, the Board of Directors has annually resolved on a long-term incentive program for the President and for senior executives considered to have a significant influence on the Trelleborg Group’s earnings per share. These programs are rolling on three years at the time. The Board determines annually whether to introduce new programs and, if so, the scope, objective, and participants. The long-term incentive programs have been a cash-based supplement to the annual variable remuneration, and require that the executives have not terminated their employment at the date of payment of the program.
Remuneration to the Group Management 2023
SEK 000S | Fixed salary | Annual variable salary | Long Term Incentive program 1) | Other Benefits | Extraordinary items2) | Total | Pension | Total including pension | |
---|---|---|---|---|---|---|---|---|---|
President | 2023 | 12,738 | 6,441 | 8,474 | 228 | 12,106 | 39,987 | 5,583 | 45,570 |
2022 | 12,317 | 7,279 | 7,559 | 220 | 27,375 | 5,363 | 32,738 | ||
Group Management, others (5 persons) | 2023 | 23,244 | 7,967 | 15,435 | 1,420 | 1,394 | 49,460 | 5,238 | 54,698 |
2022 | 24,859 | 13,114 | 13,321 | 1,223 | 52,517 | 5,784 | 58,301 | ||
Total | 2023 | 35,982 | 14,408 | 23,909 | 1,648 | 13,500 | 89,447 | 10,821 | 100,268 |
Total | 2022 | 37,176 | 20,393 | 20,880 | 1,443 | 79,892 | 11,147 | 91,039 |
1) Expensed in 2023. Payment is made in the first quarter, 2024 to 2026, on condition that the individual is employed in the Group on December 31 of the preceding year.
2) Refers to extraordinary remuneration related to the divestment of the tire operation.
Remuneration to the Board of Directors 2023
|
|
|
2023*
|
---|---|---|---|
SEK 000s |
Board | Committee | Total |
Johan Malmquist | 2,050 | 265 | 2,315 |
Gunilla Fransson | 700 | 385 | 1,085 |
Monica Gimre | 700 | 170 | 870 |
Henrik Lange | 700 | 265 | 965 |
Peter Nilsson | - | - | - |
Anne Mette Olesen | 700 | 95 | 795 |
Jan Ståhlberg | 700 | 265 | 965 |
Jimmy Faltin | - | - | - |
Lars Pettersson | - | - | - |
Maria Eriksson | - | - | - |
Magnus Olofsson | - | - | - |
*Remuneration to the Board for the May 2023–April 2024 period. The fees paid to the members of the Board of Directors elected by the Annual General Meeting are approved by the Annual General Meeting based on the proposals of the Nomination Committee. For the 2023 calendar year, remuneration was paid as per Note 10. No consulting fees were paid to the Board members. Remuneration is not paid to executive Board members. Remuneration excludes travel allowances.