RSUs outstanding


	2025		2024		2023

	(in number of RSUs)
Outstanding on January 1,	1,306,271			1,175,453		736,095

Granted during the year	846,652			840,088		920,510
Forfeited during the year	(523,681)			(476,482)		(270,474)
Paid in cash during the year	(360,628)			(232,788)		(210,678)
Outstanding on December 31,	1,268,614			1,306,271		1,175,453

Disclosure of terms and conditions of share-based payment arrangement [line items]

Schedule of summary of other equity instruments outstanding and exercisable per plan


								Outstanding										Outstanding		Exercisable
								per		Granted and accepted		Exercised		Forfeited		Expired		per		per
		Allocation		Expiry		Exercise		January 1,		during		during		during		during		December 31,		December 31,
Subscription right plan		date		date		price (€)		2025		the year		the year		the year		the year		2025		2025
2016 (B)		01/20/2017		01/19/2025		62.50		10,000								(10,000)		—
2017		05/17/2017		05/16/2025		80.57		585,000								(585,000)		—
2017 RMV		05/17/2017		05/16/2025		80.57		105,000								(105,000)		—
2018		04/19/2018		04/18/2026		79.88		929,995						(5,000)				924,995		924,995
2018 RMV		04/19/2018		04/18/2026		79.88		117,500										117,500		117,500
2019		04/10/2019		04/09/2027		95.11		1,144,990						(17,000)				1,127,990		1,127,990
2019 RMV		04/10/2019		04/09/2027		95.11		153,500						(1,750)				151,750		151,750
2020		04/17/2020		04/16/2028		168.42		1,315,692						(13,456)				1,302,236		1,302,236
2020RMV		04/17/2020		04/16/2028		168.42		179,175						(11,100)				168,075		168,075
2021BE		04/30/2021		04/29/2029		64.76		1,015,033						(252)				1,014,781		1,014,781
2021RMV		04/30/2021		04/29/2029		64.76		218,925						(8,325)				210,600		210,600
2021ROW		04/30/2021		04/29/2029		64.76		591,450						(5,625)				585,825		585,825
2022 (A)		01/13/2022		01/12/2030		46.18		30,000						—				30,000		30,000
2022 (B)		01/26/2022		01/25/2030		50.00		1,000,000						—				1,000,000		1,000,000
2022BE		05/06/2022		05/05/2030		57.46		804,232						(1,588)				802,644		802,644
2022BE		08/05/2022		05/05/2030		51.58		78,000						(6,000)				72,000		72,000
2022RMV		05/06/2022		05/05/2030		57.46		199,069						(4,780)				194,289		194,289
2022ROW		05/06/2022		05/05/2030		57.46		631,100						(16,673)				614,427		614,427
2022ROW		08/05/2022		08/04/2030		51.58		60,000										60,000		60,000
2023BE		05/05/2023		05/04/2031		35.11		593,250										593,250		—
2023RMV		05/05/2023		05/04/2031		35.11		100,000										100,000		50,000
2023ROW		05/05/2023		05/04/2031		35.11		496,900						(28,750)				468,150		235,950
2023BE		06/15/2023		06/14/2031		38.58		200,000										200,000		—
2023ROW		11/17/2023		05/04/2031		32.99		20,000										20,000		10,000
2024BE		05/16/2024		05/15/2032		26.90		667,798						(50,000)				617,798		—
2024RMV		05/16/2024		05/15/2032		26.90		21,500										21,500		5,375
2024ROW		05/16/2024		05/15/2032		26.90		602,000						(62,000)				540,000		135,000
2024BE		10/01/2024		09/30/2032		25.88		3,500										3,500		—
2024ROW		10/01/2024		09/30/2032		25.88		37,500										37,500		9,375
2025 (A)		05/27/2025		06/11/2033		25.64				925,000								925,000
2025 (B)		08/07/2025		08/06/2033		28.16				905,000								905,000
2025 (B)		11/19/2025		11/18/2033		26.75				420,000								420,000
Total								11,911,109		2,250,000		—		(232,299)		(700,000)		13,228,810		8,822,812


				Weighted
				average
				exercise
		Subscription rights		price (Euro)
Outstanding on December 31, 2022		10,816,856		€	83.12
Exercisable on December 31, 2022		2,574,218			70.26

Granted and accepted during the period		1,538,400			35.53
Forfeited during the year		(544,676)			80.31
Exercised during the period		(61,560)			28.75
Expired during the year		(276,500)			49.00
Outstanding on December 31, 2023		11,472,520		€	77.93
Exercisable on December 31, 2023		5,836,538			101.93

Granted and accepted during the period		1,381,000			26.87
Forfeited during the year		(547,911)			72.66
Exercised during the period		—			—
Expired during the year		(394,500)			46.10
Outstanding on December 31, 2024		11,911,109		€	73.19
Exercisable on December 31, 2024		5,182,941			107.03

Granted and accepted during the period		2,250,000			26.86
Forfeited during the year		(232,299)			55.51
Exercised during the period		—			—
Expired during the year		(700,000)			80.31
Outstanding on December 31, 2025		13,228,810		€	65.24
Exercisable on December 31, 2025		8,822,812			83.32

Schedule of summary of other equity instruments outstanding by category


		December 31,
		2025			2024			2023

		(in number of subscription rights)
Members of the Board of Directors			7,500			7,500			7,500
Members of the Executive Committee			1,666,500			1,616,500			1,670,500
Personnel			11,554,810			10,287,109			9,794,520
Total subscription rights outstanding			13,228,810			11,911,109			11,472,520

Disclosure of terms and conditions of share-based payment arrangement [line items]

Schedule of summary of other equity instruments outstanding by category


		December 31,
		2025			2024			2023

		(in number of RSUs)
Members of the Executive Committee			445,967			564,034			438,738
Personnel			822,647			742,237			736,715
Total outstanding RSUs			1,268,614			1,306,271			1,175,453