Compensation to Attendo’s Executive Management
Remuneration to the CEO and Executive Management
The remuneration to Executive Management (the CEO and the other members of the Executive Management team) is based on the guidelines for executive remuneration adopted by the general meeting and resolved by the Board. According to the guidelines the remuneration shall be on market terms and may consist of the following components: fixed cash salary, variable cash remuneration, pension benefits and other benefits. Additionally, the general meeting may – irrespective of these guidelines – resolve on, among other things, share-related or share price-related remuneration.
The company’s cost for compensation to Executive Management are recognised in profit and loss. Costs recognised during a financial year are not always paid in full during the financial year. because costs could include booked costs for share related remuneration that is paid after the relevant vesting period.
Composition of Executive Management
At the end of 2025, the Executive Board consisted of six full members, three of whom were women, including the CEO and five other senior executives: the Chief Financial Officer, the Chief Business Development Officer, the General Counsel and the Chief Communications and Sustainability Officer, as well as two Business Area Managers.
Terms of employment of the CEO
The CEO is paid fixed salary and pension benefits. The CEO also participates in Attendo’s long-term incentive programme for senior executives. Remuneration is determined annually by the Board of Directors and is determined in accordance with the guidelines for remuneration to Executive Management adopted by the general meeting. The CEO is entitled to a premium-based pension plan of own choice corresponding to 30 percent of the fixed salary. Attendo has no other pension obligations to the CEO. Upon termination a mutual notice period of six months shall apply. Upon termination by the company. the CEO is entitled to severance pay corresponding to twelve months’ salary.
Terms of employment for other members of Executive Management
Other members of the executive management receive a fixed salary and pension benefits as customary in each country. Swedish members of Executive Management are included in the ITP plan and the plan’s alternative rule. All other members of Executive Management are included in Attendo’s long-term incentive programme. Upon termination. a mutual notice period of six months shall apply. Upon termination by the company. other senior executives are entitled to severance pay corresponding to six months’ salary.
Other remuneration
Under the currently applicable guidelines for remuneration to executive management adopted by the general meeting. the board may resolve to pay variable cash remuneration. subject to achievement of targets linked to shareholder value (financial targets for the Group and the respective business areas. as appropriate) as well as quality, customer satisfaction and employee satisfaction. The board may under the guidelines resolve on payments of specific remuneration in order to enable investments in Attendo to promote a personal long-term interest in Attendo’s development as well as in extraordinary circumstances.
Long-term incentive programs
Number of warrants
The AGMs 2022–2024 resolved on still active long-term incentive programmes for senior executives within the Attendo Group, including the CEO, based on warrants. The programs entail that the participants have been offered to acquire warrants at market value calculated in accordance with the Black & Scholes valuation formulae. In all programs one warrant entitles to subscription of one new share in Attendo. Warrants in warrant programmes have been issued in accordance with the below:
Employee stock option programme
The 2025 AGM resolved on a new long-term incentive programme for senior executives by granting up to 537,887 employee stock options. Participants in the programme receive options free of charge, but these are linked to continued employment with Attendo. The stock options vest over a period of three years from the date of grant to participants. Each employee stock option entitles the holder to acquire one share in Attendo at a predetermined price, provided that the holder is still employed within the Attendo Group.
Performance share programs
The AGMs 2022–2025 decided to continue active performance-based long-term incentive programmes for executives and key employees of the Attendo Group. The programs entail that the participants are granted free of charge performance-based share awards that entitle to shares in Attendo after three years subject to the participants still being employed and that the performance conditions for the programs are fulfilled.
The CEO (and other members of the Group management) participate in the company’s performance share programme from 2022.
Performance share programme 2023/2026 comprises a maximum of 350.000 shares and the performance conditions are based on lease-adjusted EBITA targets as well as targets related to customer satisfaction for Attendo’s respective business areas (Scandinavia and Finland) for 2023 as determined by the Board of Directors. In addition to executive management the programme is directed to approximately 50 individuals.
Performance share programme 2024/2027 compromises a maximum of 375,000 shares and the performance conditions are based on the lease- adjusted EBITA target for the financial year 2024, targets for customer satisfaction in 2024, and targets for employee satisfaction in 2024 for Attendo’s respective business areas (Scandinavia and Finland), determined by the board. In addition to Group management, the programme includes approximately 50 individuals.
Performance share programme 2025/2028 compromises a maximum of
400,000 shares and the performance conditions are based on the lease adjusted EBIT target for the financial year 2025, targets for customer satisfaction in 2025, and targets for employee satisfaction in 2025 for Attendo’s respective business areas (Scandinavia and Finland), determined by the Board. In addition to executive management, the programme includes approximately 60 key individuals.
General Meeting
Attendo’s Annual Report 2025
Board of Director’s Remuneration Report 2025
Guidelines for Remuneration to Executive Management
In 2021, Attendo decided to abolish the possibility of variable remuneration for the company’s Executive Management and operational managers in Scandinavia. Here you find a description of previous remuneration models