v3.26.1
Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Share Based Payment Arrangements [Abstract]  
Summary of number and weighted average exercise prices of share options
                         
 
  
2025
 
  
2024
 
  
2023
 
Outstanding options at the end of the year
  
 
11,282,865
 
     15,165,029        19,049,997  
Weighted average exercise price in euro
  
 
11.22
 
     11.54       
11,88
 
Summary of number of share options outstanding and their related weighted average exercise prices
Movements in the number of share options outstanding and their related weighted average exercise prices in euro are as follows:
                                                 
    
2025

Average exercise

price per share

option
    
Number of
options
   
2024

Average exercise
price per share
option
    
Number of
options
    2023
Average exercise
price per share
option
     Number of
options
 
At 1 January
  
 
11.54
 
  
 
15,165,029
 
    11.88        19,049,997       12.09        20,348,470  
Granted
  
 
— 
 
  
 
— 
 
    —         —        —         —   
Forfeited
  
 
12.96
 
  
 
(3,607,512
)
    13.33        (3,825,908     16.32        (1,151,022
Exercised
  
 
6.07
 
  
 
(274,652
    5.97        (59,060     6.11        (147,451
  
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
 
At 31 December
  
 
11.22
 
  
 
11,282,865
 
    11.54        15,165,029      
11.88
       19,049,997  
  
 
 
    
 
 
   
 
 
    
 
 
   
 
 
    
 
 
 
Summary of expiry date and exercise prices of share options outstanding
Share options outstanding at the end of the year have the following expiry date and exercise prices in euro:
                                         
Grant
  
Expiry date
 
  
Exercise price per
share options
 
  
Number of options
 
  
2025
 
  
2024
 
  
2023
 
2022
     2032        8.40     
 
2,374,959
 
  
 
3,037,691
 
     3,805,164  
2022
     2032        6.00     
 
50,113
 
  
 
196,834
 
     247,307  
2021
     2031        6.40     
 
1,977,005
 
  
 
2,571,440
 
     3,069,930  
2020
     2030        5.97     
 
2,023,886
 
  
 
2,810,388
 
     3,434,330  
2019
     2029        15.01     
 
964,839
 
  
 
1,304,353
 
     1,638,010  
2018
     2028        18.23     
 
242,000
 
  
 
242,000
 
     407,000  
2018
     2028        12.67     
 
2,002,464
 
  
 
2,540,829
 
     3,038,030  
2017
     2027        21.15     
 
944,969
 
  
 
1,249,983
 
     1,600,721  
2016
     2026        24.39     
 
702,630
 
  
 
888,300
 
     1,084,398  
2015
     2025        32.73     
 
— 
 
  
 
323,211
 
     407,535  
2014
     2024        26.5     
 
— 
 
  
 
— 
 
     317,572  
        
 
 
    
 
 
    
 
 
 
        
 
11,282,865
 
  
 
15,165,029
 
     19,049,997  
        
 
 
    
 
 
    
 
 
 
Summary of number and weighted average exercise prices of other equity instruments
                 
 
  
2025
 
  
2024
 
Restricted and performance shares outstanding at the end of the year
  
 
6,523,939
 
     4,438,497  
Weighted average fair value in euro
  
 
4.38
 
     5.51  
Summary of average value of inputs to the model
         
2025
  
EBCP PS and
EBCP RS
 
Dividend yield (%)
  
 
8.5% - 22.02
Risk-free interest rate (%)
  
 
1.96% - 2.21
Expected life of shares (years)
  
 
2.61 - 3.33
 
Share price at inception (EUR)
  
 
3.16 - 6.60
 
Fair value per share (EUR)
  
 
1.52
 
-
 
7.94
 
Total expected cost for each plan (
 million
)
  
 
0.28
 
-
 
2.01
 
 
2024
  
EBCP PS and
EBCP RS
 
Dividend yield (%)
  
 
11.04
Risk-free interest rate (%)
  
 
2.80
Expected life of shares (years)
  
 
3
 
Share price at inception (EUR)
  
 
5.26
 
Fair value per share (EUR)
  
 
4.23-3.83
 
Total expected cost for each plan (
 million
)
  
 
4.95-1.87