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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2020
Share-based payment arrangements [Abstract]  
Schedule of Inputs to the Model Used for PSUs Granted
The following table lists the inputs to the valuation model used for the PSUs granted in 2020 and 2019:
April 2020 PSUsMay 2019 PSUs
Fair value at grant date (in euros)6.6510.44
Share price at grant date (in euros)4.647.1
Dividend yield — 
Expected volatility (A)63 %52 %
Risk-free interest rate (US government bond yield)0.36 %2.29 %
Model usedMonte CarloMonte Carlo
(A)Volatilities for the Company and companies included in indices were estimated based on observed historical volatilities over a period equal to the PSU vesting period.
Schedule of Number and Movement of Potential Shares
The following table illustrates the number and movements in potential shares:
Performance-Based RSURestricted Stock UnitsEquity Award Plans
Potential SharesWeighted-Average Grant-Date Fair Value per Share Potential SharesWeighted-Average Grant-Date Fair Value per Share Potential SharesWeighted-Average Grant-Date Fair Value per Share
At January 1, 20193,085,164 10.45 1,312,524 8.47 57,913 8.31 
Granted1,028,342 10.44 899,926 7.10 73,799 8.39 
Over-performance248,230 8.94 — — — — 
Vested(1,758,062)7.97 (106,000)4.55 (42,559)7.60 
Forfeited(84,380)8.02 (39,947)8.31 (9,627)8.71 
At December 31, 20192,519,294 12.11 2,066,503 8.08 79,526 8.71 
Granted (A)1,049,839 6.65 910,047 4.64 — — 
Over-performance (B)677,944 11.52 — — — — 
Vested(1,458,985)11.52 (589,655)7.50 (46,614)8.94 
Forfeited (C)(193,765)10.94 (154,984)7.37 — — 
At December 31, 20202,594,327 10.17 2,231,911 6.88 32,912 8.39 
(A)For PSUs, the number of potential shares granted is presented using a vesting multiplier of 100%.
(B)When the achievement of TSR performance exceeds the vesting multiplier of 100%, the additional potential shares are presented as over-performance shares.
(C)For potential shares related to PSUs, 193,765 were forfeited following the departure of certain beneficiaries and none were forfeited in relation to the non-fulfilment of performance conditions.