Remuneration and incentive programs

Guidelines for remuneration to senior executives

At the Annual General Meeting in 2025, guidelines for remuneration to senior executives in Viscaria were adopted, in accordance with the Board of Directors’ proposal. These guidelines apply to the Executive Chairman of the Board of Directors, where applicable, as well as members of the company’s Group Management Team. The guidelines stipulate that the remuneration shall be on market terms and may consist of fixed cash salary, variable cash remuneration, pension benefits and other benefits.

The Board of Directors considers that the successful implementation of the company’s business strategy and safeguarding of the company’s long-term interests, including its sustainability, requires that the company is able to recruit and retain senior executives with good competence and capacity to achieve set goals. This requires competitive remuneration that motivates senior executives to do their utmost.

The company’s adopted guidelines for remuneration to senior executives

Long-term incentive programs

Viscaria has implemented long-term share-based incentive programs in the form of warrants, resolved by the general meeting. The programs include senior executives and key employees and have maturities of three to four years. In addition, the company has also issued certain corresponding incentive programs for members of the Board of Directors. The outcomes of these programs are linked to the price development of the company’s share and are thus linked to the company’s business strategy and long-term value creation.

The Board of Directors evaluates annually whether new incentive programs for senior executives and key employees should be proposed and the scope of any such programs.

Shares* Exercise price* Redemption until* SEK if redeemed Number of warrants*
2022/2025:1 Management and key personnel
Other key personnel and em-ployees 255,500 33.00 December 18, 2025 8,431,500 255,500
Total 255,500 8,431,500 255,500
2022/2025:2 Board of Direc-tors
Jörgen Olsson 250,000 33.00 December 18, 2025 8,250,000 250,000
Markus Petäjäniemi (via Lemape AB) 37,500 33.00 December 18, 2025 1,237,500 37,500
Lars Seiz 100,000 33.00 December 18, 2025 3,300,000 100,000
Jane Lundgren Ericsson 100,000 33.00 December 18, 2025 3,300,000 100,000
Ing-Marie Andersson Drugge 25,000 33.00 December 18, 2025 825,000 25,000
Michael Mattsson (former board member) 19,057 33.00 December 18, 2025 628,865 19,057
Total 531,557 17,541,365 531,557
2022/2025:1 Former CEO, now board member
Henrik Ager 50,000 33.00 December 18, 2025 1,650,000 50,000
Total 50,000 1,650,000 50,000
2022/2026 Management and key personnel
Other key personnel and em-ployees 100,000 40.00 May 29, 2026 4,000,000 100,000
Total 100,000 4,000,000 100,000
2023/2027:1 Management and key personnel
Other key personnel and em-ployees 264,400 42.80 May 19, 2027 11,316,320 264,400
Total 264,400 11,316,320 264,400
2023/2027:2 Former Executive Chairman of the Board, now CEO
Jörgen Olsson 125,000 42.80 May 19, 2027 5,350,000 125,000
Total 125,000 5,350,000 125,000
2024/2027: Management and key personnel
Jörgen Olsson 85,000 44.74 December 7, 2027 3,802,900 85,000
Other key personnel and em-ployees 384,957 44.74 December 7, 2027 17,222,976 384,957
Total 469,957 21,025,876 469,957
2025/2028: Management and key personnel
Jörgen Olsson 70,000 34.35 2028-10-01 - 2028-11-30 2,404,500 70,000
Other key personnel and em-ployees 178,923 34.35 2028-10-01 - 2028-11-30 6,146,005 178,923
Total 248,923 8,550,505 248,923
*) The number of shares, warrants and exercise price have been recalculated as a result of a reverse share split in 2023.