v3.25.2
Share-based compensation plans and shares held in trust
12 Months Ended
Dec. 31, 2024
Share-based Payment Arrangements [Abstract]  
Share-Based Compensation Plans and Shares Held in Trust Share-based compensation plans and shares held in trust
Share-based compensation expense
$ million
202420232022
Equity-settled [A]732700807
[A]On an incidental basis awards may be cash-settled, where an equity settlement is not possible under local regulations.
The principal share-based employee compensation plans are the PSP and LTIP. Awards of shares and American Depositary Shares (ADS) of the Company under the PSP and LTIP are granted upon certain conditions to eligible employees. The actual number of shares that may vest ranges from 0% to 200% of the awards, depending on the outcomes of prescribed performance conditions over a three-year period beginning on January 1 of the award year.
Share awards
Number of ordinary shares (million)
Number of ADSs
(million)
Weighted average remaining contractual life (years)
At January 1, 202458100.9
Granted203
Vested(26)(4)
Forfeited(3)
At December 31, 20244990.9
At January 1, 202358101.1
Granted193
Vested(17)(3)
Forfeited(2)
At December 31, 202358100.9
28. Share-based compensation plans and shares held in trust continued
Other plans offer eligible employees opportunities to acquire shares and ADSs of the Company or receive cash benefits measured by reference to the Company's share price.
Shell employee share ownership trusts and trust-like entities purchase the Company's shares in the open market to meet delivery commitments under employee share plans. At December 31, 2024, they held a total of 22.6 million ordinary shares (2023: 24.2 million) and 4.1 million ADS (2023: 6.8 million).