Ericsson Finalizes Share Acquisition for Compensation Programs

Published 1 hours agoERIC

Ericsson Finalizes Share Acquisition for Compensation Programs

Ericsson has reached a resolution concerning its Long-Term Variable Compensation (LTV) Programs with plans to issue and acquire C-shares. The company's Annual General Meeting approved the issuance of 12.7 million C-shares to Skandinaviska Enskilda Banken AB (SEB) or its subsidiaries at approximately SEK 5 per share.

The Board of Directors is empowered to repurchase these shares at the same quota value. Once acquired, the C-shares will be converted into B-shares, which can be transferred to employees or traded. Ericsson intends to distribute up to 10.9 million B-shares, without charge, to employees under the LTV 2025 terms.

Additionally, to manage associated costs such as taxes and social security, the company may sell up to 70% of the vested B-shares on Nasdaq Stockholm. Moreover, Ericsson plans to allocate up to 1.8 million B-shares on the exchange to offset social security expenses. This approach supports Ericsson's strategy to align its executives’ and employees’ interests with the firm’s long-term goals, according to Reuters.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Recursion Pharmaceuticals Exceeds EPS Expectations but Misses Revenue Forecast

Recursion Pharmaceuticals Exceeds EPS Expectations but Misses Revenue Forecast

58 minutes agoRXRX

Recursion Pharmaceuticals recently announced its financial results, revealing a mixed performance. The company's GAAP earnings per share (EPS) were reported at -$0.50, which exceeded analyst expectations by $0.06. Despite this earnings beat, the company's revenue fell short of predictions by $3.33 million. In terms of stock performance, Recursion Pharmaceuticals' stock (RXRX) experienced a positive momentum. As of May 5, 2025, the stock is trading at $5.70, marking a 3.27% increase from its previous close. This uptick reflects a nuanced investor response, perhaps indicating confidence in the company’s potential despite the revenue shortfall. Amidst these financial results, Recursion Pharmaceuticals continues to navigate its growth strategy. The earnings report highlights the company's capability to surpass profitability expectations, even as it contends with the ongoing challenges in revenue generation. However, the company has not released any official statements regarding future actions or strategic adjustments following these results.

Stanley Black & Decker Stock Drops 22% Amid Market Turmoil

Stanley Black & Decker Stock Drops 22% Amid Market Turmoil

In April 2025, Stanley Black & Decker's stock took a significant hit, dropping approximately 22%. This decline occurred during a period of tumultuous global market conditions caused by a new round of U.S. tariffs impacting many sectors. As reported by Reuters, President Donald Trump's sweeping tariff policies announced on April 2 led to widespread panic, triggering the largest market decline since 2020. The announcement of these tariffs caused shockwaves across global markets from April 2 to April 10, with investors reacting to the economic uncertainty stemming from the U.S. government's actions. The ripple effect was felt particularly hard by companies like Stanley Black & Decker, which had already been facing scrutiny over its financial outlook. Earlier in February, the company projected a slightly lower-than-expected adjusted profit of $5.25 per share for the year, compared to Wall Street's $5.38 projection. To counteract potential adverse effects on its margins, Stanley Black & Decker planned to implement supply chain and pricing strategies. Despite these proactive measures, analysts remain cautious. In January, Wells Fargo & Company reduced its price target on the company, reflecting ongoing concerns. The stock's significant drop in April underscores the vulnerability of even established companies to global economic shifts and regulatory changes.

Ericsson Finalizes Share Acquisition for Compensation Programs

Ericsson Finalizes Share Acquisition for Compensation Programs

1 hours agoERIC

Ericsson has reached a resolution concerning its Long-Term Variable Compensation (LTV) Programs with plans to issue and acquire C-shares. The company's Annual General Meeting approved the issuance of 12.7 million C-shares to Skandinaviska Enskilda Banken AB (SEB) or its subsidiaries at approximately SEK 5 per share. The Board of Directors is empowered to repurchase these shares at the same quota value. Once acquired, the C-shares will be converted into B-shares, which can be transferred to employees or traded. Ericsson intends to distribute up to 10.9 million B-shares, without charge, to employees under the LTV 2025 terms. Additionally, to manage associated costs such as taxes and social security, the company may sell up to 70% of the vested B-shares on Nasdaq Stockholm. Moreover, Ericsson plans to allocate up to 1.8 million B-shares on the exchange to offset social security expenses. This approach supports Ericsson's strategy to align its executives’ and employees’ interests with the firm’s long-term goals, according to Reuters.

Lucid Partners With Saudi Arabia to Boost EV Technology

Lucid Partners With Saudi Arabia to Boost EV Technology

2 hours agoLCID

Lucid Group has announced a strategic partnership with Saudi Arabia's King Abdulaziz City for Science and Technology (KACST) aimed at advancing electric vehicle (EV) technology in the Kingdom. This collaboration emphasizes joint research into advanced battery technologies, materials, aerodynamics, and autonomous driving, alongside artificial intelligence applications. A significant focus of this initiative will be ensuring EV performance is well-suited for Saudi Arabia's distinct climatic conditions. Central to this partnership will be the establishment of a new research and development headquarters situated at KACST's national laboratories, which is expected to become operational by the third quarter of 2024. This collaboration aligns with Saudi Vision 2030, a comprehensive plan to diversify the nation's economy and foster sustainable transportation solutions, reflecting the shared commitment to sustainability and innovation. Lucid's drive into the Saudi market is part of a broader strategy to establish itself in the region's burgeoning EV sector. Reuters reported that the luxury EV maker is bolstering its financial foundation with a planned $1 billion capital infusion from an affiliate of Saudi's Public Investment Fund (PIF). As Lucid doubles down on production and operational targets, these efforts demonstrate the brand's commitment to significantly contributing to Saudi Arabia's sustainable development goals and expanding its influence in the global electric vehicle arena.