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Share-based incentive programs

As of December 31, 2024, the Company had three ongoing long-term sharesavings schemes.

LTIP 2022

LTIP 2022 is a long-term share savings scheme that runs during the period 2022-2024. The scheme means that the employee’s participation requires an investment in Xbrane’s shares, the so-called savings shares, up to a total of 1,500 shares, acquired before January 31, 2023. For each savings share (1) the employee has acquired, the employee may acquire one (1) matching share and up to three (3) performance shares. The performance of performance shares is based on the fulfillment of the targets set by LTIP 2022 and which are related to the total return on Xbrane’s share. In addition, eligibility for shares is conditional on the participant being employed by the Group and all his or her savings shares being allocated to the scheme during the vesting period. At the initiation of the scheme, the matching share was valued at SEK 86.6, performance share no. 1 to SEK 29.8, performance share no. 2 to SEK 22.8, and performance share no. 3 to SEK 18.8. No dividends are expected to be paid during the vesting period. The value of the performance shares considers the probability that the stock return conditions will be met, as calculated by Monte Carlo simulation. Opening number of share rights at financial year 2022 amounted to 135,000 (33,750 matching shares and 101,250 performance shares) and closing number at financial year 2022 amounted to 135,000 (33,750 matching shares and 171,000 performance shares). The costs for the scheme include the value of the shares and social costs for the amounts that the employees are expected to be allocated, which are expensed continuously during the period 2022–2024.

 

LTIP 2023

LTIP 2023 LTIP 2023 is a long-term share savings scheme that runs during the period 2023-2026. The scheme means that the employee’s participation requires an investment in Xbrane’s shares, the so-called savings shares, up to a total of 1,500 shares, acquired during a four-week period after the Annual General Meeting’s approval of LTIP 2023. but no later than June 30, 2023. For each savings share (1) the employee has acquired, the employee may acquire one (1) matching share and up to three (3) performance shares. The performance of performance shares is based on the fulfillment of the targets set by LTIP 2023 and which are related to the total return on Xbrane’s share. In addition, eligibility for shares is conditional on the participant being employed by the Group and all his or her savings shares being allocated to the scheme during the vesting period. At the initiation of the scheme, the matching share was valued at SEK 86.9, and the performance share at SEK 35.50. The value of the performance shares considers the probability that the stock return conditions will be met, as calculated by Monte Carlo simulation. The opening number of share rights at financial year 2023 amounted to 690,000 (172,500 matching shares and 517,500 performance shares) and closing number at financial year 2023 amounted to 113,780 (28,445 matching shares and 85,335 performance shares). The costs for the scheme include the value of the shares and social costs for the amounts that the employees are expected to be allocated, which are expensed continuously during the period 2023–2026.