Remuneration
Principles for remuneration and other terms of employment for corporate management.
The annual meeting defines principles for remuneration of the corporate management. The recommendation is drawn up by the remuneration committee.
The main principle is that Devyser shall offer terms appropriate to the market which make it possible for the corporation to recruit and retain competent personnel. Remuneration of the company management shall consist of fixed salary, variable remuneration, a long-term incentive program, retirement benefits and other normal benefits.
The remuneration is based on the commitment and performance of the individual with respect to the goals established beforehand, both individually and collectively for the entire company. Evaluation of the individual performance takes place continuously.
Incentive programs
Devyser has four outstanding incentive programs for employees and key personnel.
2021/2026 employee stock option plan
The total plan comprises 102,000 employee stock options, plus 32,048 options for the hedging of social security contributions. The options are granted free of charge. Each option entitles its holder to subscribe for one new share at SEK 87.06 per share until June 2026. The options are vested at a rate of one-third annually starting from the grant date, provided that the holder remains an employee. As of September 30, 2024, a total of 59,700 options had been granted and not exercised. No members of the senior management hold any employee stock options under the plan.
2022/2026 employee stock option plan
The total plan comprises 250,000 employee stock options, plus 78,550 options for the hedging of social security contributions. The options are granted free of charge. Each option entitles its holder to subscribe for one new share at SEK 89.34 per share until June 2026. The options are vested at a rate of one-third annually starting from the grant date, provided that the holder remains an employee. As of September 30, 2024, a total of 187,333 options had been granted and not exercised. Two members of the senior management together hold a total of 100,000 employee stock options.
2023/2027 employee stock option plan
The total plan comprises 200,000 employee stock options, plus 62,840 options for the hedging of social security contributions. The options are granted free of charge. Each option entitles its holder to subscribe for one new share at SEK 101.71 per share until June 2027. The options are vested at a rate of one-third annually starting from the grant date, provided that the holder remains an employee. As of September 30, 2024, a total of 193,183 options had been granted and not exercised. Fredrik Alpsten, CEO, holds 50,000 options. Five members of the senior management together hold a total of 90,000 employee stock options.
2024/2028 employee stock option plan
The total plan comprises 200,000 employee stock options, plus 62,840 options for the hedging of social security contributions. The options are granted free of charge. Each option entitles its holder to subscribe for one new share at SEK 135.60 per share until June 2028. The options are vested at a rate of one-third annually starting from the grant date, provided that the holder remains an employee. As of September 30, 2024, a total of 144,250 options had been granted and not exercised. Fredrik Alpsten, CEO, holds 50,000 options. Four members of the senior management together hold a total of 38,500 employee stock options.