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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2021
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 2021 and 2020:
May 2021 PSUsApril 2020 PSUs
Fair value at grant date (in euros)21.846.65
Share price at grant date (in euros)13.904.64
Dividend yield——
Expected volatility (A)71%63%
Risk-free interest rate (US government bond yield)0.31%0.36%
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
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, 20202,519,294€12.112,066,503€8.0879,526€8.71
Granted1,049,839€6.65910,047€4.64€—
Over-performance677,944€11.52—€—€—
Vested(1,458,985)€11.52(589,655)€7.50(46,614)€8.94
Forfeited(193,765)€10.94(154,984)€7.37€—
At December 31, 20202,594,327€10.172,231,911€6.8832,912€8.39
Granted (A)614,555€21.84534,499€13.90—€—
Over-performance (B)526,551€15.31—€——€—
Vested(1,161,718)€15.31(520,064)€10.27(32,912)€8.39
Forfeited (C)(47,188)€10.29(97,347)€7.17—€—
At December 31, 20212,526,527€11.712,148,999€7.79—€—
(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, 47,188 were forfeited following the departure of certain beneficiaries and none were forfeited in relation to the non-fulfilment of performance conditions.