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Insider management

Sandvik complies with the EU Market Abuse Regulation (MAR) and related Swedish insider rules and regulations. Sandvik has also adopted an Insider Policy and Procedure applicable to all employees, that are updated on a regular basis. Internal trainings on the insider rules are arranged for relevant persons.

Persons discharging managerial responsibilities

Sandvik keeps a list of its persons discharging managerial responsibilities (PDMR) and their closely associated persons, as required by MAR. Sandvik’s PDMRs constitute the members and deputy members of the Sandvik AB Board as well as all members of the Group Executive Management. The PDMRs and their holdings of shares are presented in the table below.

For a Sandvik PDMR the following applies:

  • A PDMR must not trade in the company’s financial instruments during the 30-day period before the publication of Sandvik’s financial interim reports, the day of publication included (blackout period).
  • A PDMR must report any transactions made with Sandvik’s financial instruments to the Swedish Financial Supervisory Authority and Sandvik, within three days of the transaction taking place. These transactions are made public in the Financial Supervisory Authority’s PDMR transactions register.
  • A PDMR must request pre-clearance from the Group General Counsel before engaging in any transactions with Sandvik financial instruments.

PDMR shareholdings

Board of Directors
Name Position Shareholding*
Johan Molin Chairman of the Board 950,000 as well as 1,000,000 call options
Jennifer Allerton Board member 10,000
Claes Boustedt Board member 50,000
Marika Fredriksson Board member 2,500
Andreas Nordbrandt Board member 8,527
Helena Stjernholm Board member 5,000
Stefan Widing Board member 57,554
Kai Wärn Board member 12,000
Thomas Lilja Board member (employee representative) 4,840
Thomas Andersson Board member (employee representative) 0
Fredrik Håf Deputy board member (employee representative) 2
Erik Knebel Deputy board member (employee representative) 1

*The shareholdings are as of December 31, 2022. For information on transactions made since then, refer to the website of the Swedish Financial Supervisory Authority.

Group Executive Management
Name Position Shareholding*
Stefan Widing President and CEO 57,554
Nadine Crauwels President of Sandvik Machining Solutions 6,321
Mats Eriksson President of Sandvik Mining and Rock Solutions 206
Cecilia Felton Vice President and Chief Financial Officer 2,802
Richard Harris President of Sandvik Rock Processing Solutions 8,027
Johan Kerstell Executive Vice President and Head of Human Resources 30,027
Mattias Nilsson President of Sandvik Manufacturing Solutions 1,911
Björn Roodzant Executive Vice President and Head of Group Communications and Sustainability 1,395
Sofia Sirvell Executive Vice President and Chief Digital Officer 522
Åsa Thunman Executive Vice President and General Counsel 3,512

*The shareholdings are as of December 31, 2022. For information on transactions made since then, refer to the website of the Swedish Financial Supervisory Authority.