The term other senior officers refers to the seven other persons in addition to the CEO that make up Peab’s executive management.
Salary and other remuneration including benefits for other senior officers amounted to SEK 24,667 thousand (23,704). In addition, short-term incentives for 2023 were SEK 4,729 thousand (2,200) which were placed in pension savings in endowment insurance connected to the Peab share, alternatively paid in cash. No provisions were made for an LTI program for the years 2022 and 2023. Pension contributions including fees for endowment insurance during the year amounted to SEK 10,032 thousand (9,474).
The pension policy for senior officers means that pension contributions are defined contributions, entailing that the total contribution was 35-47 percent of basic pay. Certain senior officers have an agreement with Peab that their employment ends the month they turn 62 years old. The other senior officers have an agreement that their employment ends the month they turn 65 years old.
Notice on the part of Peab is twelve months with a reduction for any salary from a new employer combined with severance pay consisting of sixtwelve months salary. Notice on the part of the other senior officers is six months combined with severance pay consisting of six months salary.