| Summary of Share Based Payment |
The following table specifies the number of RSUs and PSUs outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units |
|
|
Performance Stock Units |
|
|
Total |
|
|
|
(Number) |
|
Outstanding |
|
|
|
|
|
|
|
|
|
January 1, 2023 |
|
|
82,492 |
|
|
|
— |
|
|
|
82,492 |
|
Granted during the year (1) |
|
|
609,860 |
|
|
|
112,268 |
|
|
|
722,128 |
|
Settled during the year |
|
|
(18,132 |
) |
|
|
— |
|
|
|
(18,132 |
) |
Transferred during the year |
|
|
(20,098 |
) |
|
|
— |
|
|
|
(20,098 |
) |
Forfeited during the year |
|
|
(77,497 |
) |
|
|
(7,245 |
) |
|
|
(84,742 |
) |
December 31, 2023 |
|
|
576,625 |
|
|
|
105,023 |
|
|
|
681,648 |
|
Granted during the year (1) |
|
|
717,980 |
|
|
|
92,655 |
|
|
|
810,635 |
|
Transferred during the year |
|
|
(212,160 |
) |
|
|
(35,007 |
) |
|
|
(247,167 |
) |
Forfeited during the year |
|
|
(88,638 |
) |
|
|
(6,004 |
) |
|
|
(94,642 |
) |
December 31, 2024 |
|
|
993,807 |
|
|
|
156,667 |
|
|
|
1,150,474 |
|
Granted during the year (1) |
|
|
634,589 |
|
|
|
73,583 |
|
|
|
708,172 |
|
Settled during the year |
|
|
(60,056 |
) |
|
|
(15,716 |
) |
|
|
(75,772 |
) |
Transferred during the year |
|
|
(321,351 |
) |
|
|
(46,588 |
) |
|
|
(367,939 |
) |
Forfeited during the year |
|
|
(67,161 |
) |
|
|
(2,688 |
) |
|
|
(69,849 |
) |
December 31, 2025 |
|
|
1,179,828 |
|
|
|
165,258 |
|
|
|
1,345,086 |
|
Specified by vesting date |
|
|
|
|
|
|
|
|
|
2026 |
|
|
566,011 |
|
|
|
86,659 |
|
|
|
652,670 |
|
2027 |
|
|
411,030 |
|
|
|
54,066 |
|
|
|
465,096 |
|
2028 |
|
|
202,787 |
|
|
|
24,533 |
|
|
|
227,320 |
|
December 31, 2025 |
|
|
1,179,828 |
|
|
|
165,258 |
|
|
|
1,345,086 |
|
(1)The fair value of RSUs and PSUs is determined on the basis of the closing ADS price on the grant date. The fair value of one RSU and one PSU at the date of grant was €150.40, €141.01 and €105.96 for the years ended December 31, 2025, 2024 and 2023, respectively.
|
| Summary of Weighted Average Exercise Prices and Movements in Warrants |
The following table specifies the number and weighted average exercise prices of, and movements, in warrants:
|
|
|
|
|
|
|
|
|
|
|
Warrants (number) |
|
|
Weighted
Average
Exercise
Price (EUR) |
|
Outstanding |
|
|
|
|
|
|
January 1, 2023 |
|
|
6,864,011 |
|
|
|
81.30 |
|
Granted during the year |
|
|
395,275 |
|
|
|
91.07 |
|
Exercised during the year (1) |
|
|
(555,144 |
) |
|
|
17.76 |
|
Forfeited during the year |
|
|
(180,358 |
) |
|
|
115.79 |
|
December 31, 2023 |
|
|
6,523,784 |
|
|
|
86.38 |
|
Vested at the reporting date |
|
|
5,273,056 |
|
|
|
80.02 |
|
Granted during the year |
|
|
504,105 |
|
|
|
122.48 |
|
Exercised during the year (1) |
|
|
(682,048 |
) |
|
|
43.35 |
|
Forfeited during the year |
|
|
(141,719 |
) |
|
|
107.85 |
|
December 31, 2024 |
|
|
6,204,122 |
|
|
|
93.25 |
|
Vested at the reporting date |
|
|
5,226,643 |
|
|
|
89.33 |
|
Granted during the year |
|
|
434,883 |
|
|
|
148.06 |
|
Exercised during the year (1) |
|
|
(1,287,921 |
) |
|
|
68.76 |
|
Forfeited during the year |
|
|
(128,243 |
) |
|
|
109.52 |
|
Expired during the year |
|
|
(250 |
) |
|
|
15.68 |
|
December 31, 2025 |
|
|
5,222,591 |
|
|
|
103.24 |
|
Vested at the reporting date |
|
|
4,419,487 |
|
|
|
97.98 |
|
(1)The weighted average share price (listed in $) at the date of exercise was €162.08, €135.86 and €98.10 for the years ended December 31, 2025, 2024 and 2023, respectively.
|
| Schedule of Weighted Average Exercise Price and Weighted Remaining Contractual Life for Outstanding Warrants |
The following table specifies the weighted average exercise prices and weighted average remaining contractual life for outstanding warrants at December 31, 2025 per grant year.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding
Warrants (number) |
|
|
Weighted
Average
Exercise
Price (EUR) |
|
|
Weighted
Average
Remaining
Life
(months) |
|
Granted before January 1, 2023 |
|
|
4,208,147 |
|
|
|
97.25 |
|
|
|
50 |
|
Granted in 2023 |
|
|
175,231 |
|
|
|
92.48 |
|
|
|
89 |
|
Granted in 2024 |
|
|
430,190 |
|
|
|
122.52 |
|
|
|
102 |
|
Granted in 2025 |
|
|
409,023 |
|
|
|
149.15 |
|
|
|
113 |
|
Outstanding at December 31, 2025 |
|
|
5,222,591 |
|
|
|
103.24 |
|
|
|
61 |
|
|