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Remuneration

SEB aims to attract and retain ambitious employees who are eager to continuously develop, embrace new ways of working and contribute to the bank’s long-term success. Remuneration is part of the total offering that enhances SEB’s attractiveness as an employer. The overall ambition is to promote long-term commitment to creating sustainable value for customers and shareholders.

Remuneration in SEB 2021 (SEK thousands)

  Base
salary
Cash-based
variable remuneration
Expensed amount equity
based programmes
Benefits Total Pensions
President and CEO Johan Torgeby¹ 12,500   4,308 181 16,989 4,104
Other ordinary members of the GEC2)² 78,301   17,762 2,111 98,174 20,803

Total

75,340

0

22,070

2,292

115,163

24,907
SEB excluding GEC 9,032,808 735,574 664,778 59,984 10,493,143 1,464,163

SEB Total

9,123,609

735,574

686,848

62,276

10,608,306

1,489,070


¹) Johan Torgeby did not exercise any share rights in 2021.
²) The number and composition of members may differ somewhat during the year. At the end of the year, the number of members was fourteen.
During the year Other ordinary members of GEC have exercised rights to a value of SEK 38,407,139.