Executive Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

For the years 2024, 2023 and 2022, the changes in connection with the Share-Based Compensation Programs were as follows:


									ADSs equivalents delivered (thousands)
Plan	Target number of ADSs (thousands) 1		ADS price at award’s date 2		Fair value (%)		Fair value (millions)		2024		2023		2022		ADSs Forfeited (thousands)		ADSs Outstanding (thousands) 3
Performance Plans
2019		2,303.0	$	4.4		130%		13.2		—		—		3,062.8		—		—
2020		4,146.0	$	2.3		155%		14.8		—		8,448.2		—		—		—
2021		1,227.2	$	8.0		150%		14.7		446.3		—		—		780.9		—
2022		2,403.6	$	4.3		149%		15.4		—		—		—		—		3,571.7
2023		2,825.4	$	6.4		145%		26.1		—		—		—		—		4,094.1
2024		1,976.7	$	6.3		133%		16.6		—		—		—		—		2,621.5
Ordinary Plans
2019		8,048.2	$	4.7		100%		37.5		—		42.4		1,521.4		118.3		—
2020		11,162.2	$	2.5		100%		28.1		—		2,293.0		2,370.9		253.7		—
2021		5,716.6	$	7.2		100%		41.3		1,210.7		1,442.7		1,465.6		56.6		4.2
2022		9,483.0	$	4.9		100%		46.0		2,166.0		2,450.5		2,499.8		26.4		2,298.8
2023		6,531.9	$	5.9		100%		38.4		1,582.9		1,765.0		—		48.0		3,136.0
2024		8,531.7	$	7.2		100%		61.5		2,248.0		—		—		—		6,283.7

										7,653.9		16,441.8		10,920.5		1,283.9		22,010.0

1	The target number of ADSs for the performance plans assume a 100% payout.

2	Average ADS price of the awards at the date of grant.

3	Until the final payout of the Performance Plans is known after the conclusion of the three-year period for each award, the number of ADSs outstanding assumes a payout considering the same percentage of fair value determined by the option pricing model.