v3.25.1
Share based payments (Tables)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]    
RSUs outstanding

2024

    

2023

2022

(in number of RSUs)

Outstanding on January 1,

1,175,453

736,095

657,803

Granted during the year

840,088

920,510

470,273

Forfeited during the year

(476,482)

(270,474)

(172,885)

Paid in cash during the year

(232,788)

(210,678)

(219,096)

Outstanding on December 31,

1,306,271

1,175,453

736,095

 
Subscription rights    
Disclosure of terms and conditions of share-based payment arrangement [line items]    
Schedule of Subscription Rights exercisable

Subscription right exercisable as from:

Cliff vesting

Graded vesting

    

First tranche of 25%

Second tranche of 25%

Third tranche of 50%

Subscription right plans before 2021

First day after end of third calendar year following the grant

Subscription right plan 2021BE

First day after end of third calendar year following the grant

Subscription right plan 2021RMV and ROW

January 1, 2023

January 1, 2024

January 1, 2025

Subscription right plan 2022 (A)

January 1, 2023

January 1, 2024

January 1, 2025

Subscription right plan 2022 (B)

January 1, 2026

Subscription right plan 2022BE

January 1, 2026

Subscription right plan 2022RMV and ROW

January 1, 2024

January 1, 2025

January 1, 2026

Subscription right plan 2023BE

January 1, 2027

Subscription right plan 2023RMV and ROW

-

January 1, 2025

January 1, 2026

January 1, 2027

Subscription right plan 2024BE

January 1, 2028

Subscription right plan 2024RMV and ROW

January 1, 2026

January 1, 2027

January 1, 2028

 
Schedule of summary of other equity instruments outstanding and exercisable per plan  

    

    

    

    

Outstanding 

    

    

    

    

    

Outstanding 

    

Exercisable

 per

Granted and accepted

Exercised

Forfeited

Expired

per

per

Allocation

Expiry

Exercise

January 1,

during

during

during

during

December 31,

December 31,

Subscription right plan

date

date

price (€)

2024

the year

the year

the year

the year

2024

2024

2016

1/6/2016

05/31/2024

46.10

325,500

(325,500)

2016 RMV

1/6/2016

05/31/2024

46.10

69,000

(69,000)

2016 (B)

01/20/2017

01/19/2025

62.50

10,000

10,000

10,000

2017

05/17/2017

05/16/2025

80.57

585,000

585,000

585,000

2017 RMV

05/17/2017

05/16/2025

80.57

122,500

(17,500)

105,000

105,000

2018

04/19/2018

04/18/2026

79.88

964,995

(35,000)

929,995

929,995

2018 RMV

04/19/2018

04/18/2026

79.88

132,500

(15,000)

117,500

117,500

2019

10/4/2019

9/4/2027

95.11

1,208,240

(63,250)

1,144,990

1,144,990

2019 RMV

10/4/2019

9/4/2027

95.11

177,250

(23,750)

153,500

153,500

2020

04/17/2020

04/16/2028

168.42

1,369,617

(53,925)

1,315,692

1,315,692

2020RMV

04/17/2020

04/16/2028

168.42

193,300

(14,125)

179,175

179,175

2021BE

04/30/2021

04/29/2029

64.76

1,032,606

(17,573)

1,015,033

2021RMV

04/30/2021

04/29/2029

64.76

226,296

(7,371)

218,925

109,258

2021ROW

04/30/2021

04/29/2029

64.76

667,496

(76,046)

591,450

295,498

2022 (A)

01/13/2022

12/1/2030

46.18

30,000

30,000

15,000

2022 (B)

01/26/2022

01/25/2030

50.00

1,000,000

1,000,000

2022BE

6/5/2022

5/5/2030

57.46

817,828

(13,596)

804,232

2022BE

5/8/2022

5/5/2030

51.58

78,000

78,000

2022RMV

6/5/2022

5/5/2030

57.46

203,464

(4,395)

199,069

49,672

2022ROW

6/5/2022

5/5/2030

57.46

705,500

(74,400)

631,100

157,661

2022ROW

5/8/2022

4/8/2030

51.58

60,000

60,000

15,000

2023BE

5/5/2023

4/5/2031

35.11

609,028

(15,778)

593,250

2023RMV

5/5/2023

4/5/2031

35.11

102,500

(2,500)

100,000

2023ROW

5/5/2023

4/5/2031

35.11

561,900

(65,000)

496,900

2023BE

06/15/2023

06/14/2031

38.58

200,000

200,000

2023ROW

11/17/2023

4/5/2031

32.99

20,000

20,000

2024BE

05/16/2024

05/15/2032

26.90

679,000

(11,202)

667,798

2024RMV

05/16/2024

05/15/2032

26.90

21,500

21,500

2024ROW

05/16/2024

05/15/2032

26.90

639,500

(37,500)

602,000

2024BE

1/10/2024

09/30/2032

25.88

3,500

3,500

2024ROW

1/10/2024

09/30/2032

25.88

37,500

37,500

Total

11,472,520

1,381,000

(547,911)

(394,500)

11,911,109

5,182,941

    

    

Weighted

average

exercise

Subscription rights

price (Euro)

Outstanding on December 31, 2021

8,579,837

92.69

Exercisable on December 31, 2021

1,751,013

56.64

Granted and accepted during the period

3,127,239

54.71

Forfeited during the year

(607,430)

100.00

Exercised during the period

(282,790)

23.68

Expired during the year

Outstanding on December 31, 2022

10,816,856

83.12

Exercisable on December 31, 2022

2,574,218

70.26

Granted and accepted during the period

1,538,400

35.53

Forfeited during the year

(544,676)

80.31

Exercised during the period

(61,560)

28.75

Expired during the year

(276,500)

49.00

Outstanding on December 31, 2023

11,472,520

77.93

Exercisable on December 31, 2023

5,836,538

101.93

Granted and accepted during the period

1,381,000

26.87

Forfeited during the year

(547,911)

72.66

Exercised during the period

Expired during the year

(394,500)

46.10

Outstanding on December 31, 2024

11,911,109

73.19

Exercisable on December 31, 2024

5,182,941

107.03

Schedule of inputs into the valuation of the other equity instruments

2024BE/ROW

2024BE

    

2024RMV/ROW

2023BE

2023RMV/ROW

October 1

    

May 16

    

May 16

    

May 5 & June 15

    

May 5 & November 17

Weighted average exercise price (€)

25.88

26.90

26.90

35.97

35.05

Weighted average share price at acceptance date (€)

26.00

23.80

23.80

38.53

38.63

Weighted average fair value at the acceptance date (€)

10.57

9.78

9.11

16.61

15.96

Weighted average historical (2024)/estimated (before 2024) volatility (%)

41.73

42.19

42.19

36.89

36.67

Weighted average expected life of the subscription rights (years)

5.28

6.22

5.44

6.14

5.38

Weighted average risk free rate (%)

2.17

2.56

2.58

2.77

2.74

Expected dividends

None

None

None

None

None

2022 (A)

2022 (B)

2022BE

2022 RMV/ROW

2022BE/ROW

January 13

    

January 26

    

May 6

    

May 6

    

August 6

Exercise Price (€)

46.18

50.00

57.46

57.46

51.58

Weighted average share price at acceptance date (€)

46.21

56.67

51.64

51.64

44.55

Weighted average fair value at the acceptance date (€)

16.10

24.53

20.73

18.92

17.07

Weighted average historical (2024)/estimated (before 2024) volatility (%)

41.80

40.80

42.59

42.65

41.75

Weighted average expected life of the subscription rights (years)

4.72

5.95

6.37

5.36

5.68

Weighted average risk free rate (%)

(0.13)

0.67

1.33

1.26

2.70

Expected dividends

None

None

None

None

None

 
Schedule of summary of other equity instruments outstanding by category

December 31,

    

2024

    

2023

    

2022

(in number of subscription rights)

Members of the Board of Directors

7,500

7,500

75,000

Members of the Executive Committee

1,616,500

1,670,500

1,864,000

Personnel

10,287,109

9,794,520

8,877,856

Total subscription rights outstanding

11,911,109

11,472,520

10,816,856

 
Restricted Stock Units (RSUs)    
Disclosure of terms and conditions of share-based payment arrangement [line items]    
Schedule of summary of other equity instruments outstanding and exercisable per plan

    

    

Outstanding 

    

    

    

    

Outstanding 

 per

Granted

Forfeited

Paid in cash

per

Offer

January 1,

during

during

during

December 31,

RSU plan

date

2024

year

year

year

2024

Plan 2020.I.

6/5/2020

5,191

(2,490)

(2,701)

Plan 2020.II.

7/5/2020

2,761

(239)

(2,522)

Plan 2021.I.

5/5/2021

42,829

(22,968)

(11,413)

8,448

Plan 2021.II.

5/6/2021

9,478

(4,739)

(2,708)

2,031

Plan 2021.III.

06/03/2021-08/06/2021

5,416

(5,416)

Plan 2021.IV.

09/24/2021

15,430

(7,715)

(7,715)

Plan 2022.I.

3/5/2022

103,308

(64,066)

(15,410)

23,832

Plan 2022.II.

5/05/2022 - 8/05/2022

106,128

(22,832)

(28,528)

54,768

Plan 2022.III.

7/6/2022

5,530

(5,530)

Plan 2023.I.

8/5/2023

366,582

(191,532)

(45,087)

129,963

Plan 2023.II.

05/09/2023 - 06/15/2023 - 11/17/2023

512,800

(108,471)

(116,704)

287,625

Plan 2024.I.

05/16/2024

588,216

(21,760)

566,456

Plan 2024.II.

05/16/2024 - 09/17/2024

251,872

(18,724)

233,148

Total

1,175,453

840,088

(476,482)

(232,788)

1,306,271

 
Schedule of summary of other equity instruments outstanding by category

December 31,

    

2024

    

2023

    

2022

(in number of RSUs)

Members of the Executive Committee

564,034

438,738

332,038

Personnel

742,237

736,715

404,057

Total outstanding RSUs

1,306,271

1,175,453

736,095