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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
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 2022 and 2021:
March 2022 PSUsMay 2021 PSUs
Fair value at grant date (in euros)23.7021.84
Share price at grant date (in euros)17.1113.90
Dividend yield——
Expected volatility (A)70%71%
Risk-free interest rate (US government bond yield)1.88%0.31%
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, 20212,594,327€10.172,231,911€6.8832,912€8.39
Granted614,555€21.84534,499€13.90—€—
Over-performance526,551€15.31—€——€—
Vested(1,161,718)€15.31(520,064)€10.27(32,912)€8.39
Forfeited(47,188)€10.29(97,347)€7.17—€—
At December 31, 20212,526,527€11.712,148,999€7.79—€—
Granted (A)603,023€23.70556,360€17.11—€—
Over-performance (B)924,634€10.44—€——€—
Vested(1,849,268)€10.44(774,958)€7.10—€—
Forfeited (C)(19,082)€11.65(54,955)€9.04—€—
At December 31, 20222,185,834€15.561,875,446€10.80—€—
(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, 19,082 were forfeited following the departure of certain beneficiaries and none were forfeited in relation to the non-fulfilment of performance conditions.