Ericsson to utilize mandate to transfer shares

Rhea-AI Summary

Ericsson (NASDAQ: ERIC) will use an AGM 2026 mandate to transfer shares related to its 2023 long-term variable compensation programs I and II. The company may sell up to 1,878,306 series B shares on Nasdaq Stockholm between May 18, 2026 and the 2027 AGM to cover participants’ tax and social security liabilities. Ericsson currently holds 47,132,698 series B shares.

AI-generated analysis. Not financial advice.

Positive

• Clear cap of 1,878,306 series B shares for potential market transfers
• Share transfers tied to tax and social security costs of LTV 2023 awards, not new financing

Negative

• Potential incremental selling pressure from up to 1,878,306 shares on Nasdaq Stockholm
• Treasury share holdings of 47,132,698 series B shares may decline as transfers occur

News Market Reaction – ERIC

+1.62%

1 alert

+1.62% News Effect

On the day this news was published, ERIC gained 1.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, May 13, 2026 /PRNewswire/ -- 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.

NOTES TO EDITORS:

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Contact person
Investors
Daniel Morris, Vice President, Head of Investor Relations
Phone: +44 7386 657217
E-mail: investor.relations@ericsson.com

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Alan Ganson, Director, Investor Relations
Phone: +46 70 267 27 30
E-mail: alan.ganson@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46761284789
E-mail: ralf.bagner@ericsson.com

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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Ericsson to utilize mandate to transfer shares

 

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SOURCE Ericsson

FAQ

What did Ericsson (NASDAQ: ERIC) announce about transferring shares in May 2026?

Ericsson announced it will use an AGM 2026 mandate to transfer series B shares linked to its 2023 long-term variable compensation programs. According to Ericsson, these transfers will finance tax and social security obligations for performance share award participants.

How many Ericsson series B shares can be transferred under the 2023 LTV mandate?

Ericsson may transfer up to 1,878,306 series B shares under the mandate tied to LTV I and II 2023. According to Ericsson, this represents the maximum number allowed for sale on Nasdaq Stockholm to cover related tax and social security costs.

Over what period can Ericsson (ERIC) sell shares under the 2023 compensation program mandate?

Ericsson can transfer shares from May 18, 2026 until its 2027 annual general meeting. According to Ericsson, these transactions may occur on Nasdaq Stockholm within the prevailing market price interval registered from time to time during that period.

Why is Ericsson transferring shares for its LTV I and II 2023 programs?

Ericsson plans to transfer shares to cover withholding and payment of tax and social security liabilities for LTV participants. According to Ericsson, this approach supports settlement of obligations arising from vested performance share awards under the 2023 long-term variable compensation plans.

How many Ericsson series B treasury shares does the company currently hold?

Ericsson currently holds 47,132,698 series B shares in treasury. According to Ericsson, up to 1,878,306 of these shares may be transferred on Nasdaq Stockholm under the 2026 AGM authorization connected to the LTV I and II 2023 programs.

Does the Ericsson share transfer mandate involve issuing new ERIC shares?

The mandate relates to transferring existing series B shares that Ericsson already holds, not issuing new shares. According to Ericsson, the transfers will use treasury shares to meet tax and social security obligations from the 2023 compensation programs.