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Equity ownership

Employee ownership

Industrivärden encourages its employees to make personal investments in Industrivärden shares, as this aligns the interests of the Company’s employees with other shareholders. The long-term incentive programs adopted by the Annual General Meeting make up part of the employees’ total compensation and also aim to increase employees’ ownership of shares in the Company.

Long-term incentive programs

The incentive programs are part of a competitive total compensation package in which the employee has the opportunity to receive matching shares and performance shares after three years, subject to investment of part of the employee’s base salary in Industrivärden shares. The program aims to encourage Industrivärden’s employees to increase their ownership of shares in the Company and thereby further emphasize long-term shareholder value. The incentive program is expected to increase Industrivärden’s opportunities to recruit and retain competent employees as well as the participants’ interest in and commitment to Industrivärden’s business and development. Against this background, the program is judged to have a positive impact on Industrivärden’s continued development and thereby be beneficial for both the shareholders and Industrivärden’s employees. In the outstanding programs, a maximum of 17,961 matching shares and 62,352 performance shares may be granted. Grants of matching shares and performance shares require continued employment at the time of the match. In addition, grants of performance shares are conditional upon an average annual total return for Industrivärden’s Class C shares during the threeyear lock-in period that is equal to or higher than the SIXRX index, and full grants of performance shares require an average annual total return for Industrivärden’s Class C shares during the three-year lock-in period that exceeds the SIXRX index by 2 percentage points per year. The cost of incentive programs in 2019 was SEK 0.0 M (0.8). The total liability for the programs is SEK 3.4 M (4.2).

Long-term incentive program 2019

The 2019 AGM resolved to offer a long-term incentive program for a maximum of 20 employees in the Industrivärden Group. During 2019, 13,058 shares were bought within the program, which can qualify for a maximum grant of 6,529 matching shares and 22,821 performance shares.

Last update: 24 Feb 2020