Total Share-Based Payment Costs

The amounts recognized in operating profit for all share-based payment transactions have been summarized by taking into account both the provisional awards for the current year and the additional awards related to prior years. Total share-based compensation has increased in comparison with 2023.

2024 (in thousands of US$)

Performance shares and RSU/Value Creation Stake

Matching
shares

Total

Instruments granted

14,491

6,776

21,267

Total expenses 2024

14,491

6,776

21,267

2023 (in thousands of US$)

Performance shares and RSU/Value Creation Stake

Matching
shares

Total

Instruments granted

14,424

5,087

19,511

Total expenses 2023

14,424

5,087

19,511

Rules of conduct with regards to inside information are in place to ensure compliance with the Act on Financial Supervision. For example, these rules forbid the exercise of options or other financial instruments during certain periods, more specifically when an employee is in possession of price-sensitive information.

The movement in the outstanding number of shares which could potentially vest at a point in time under the Company share-based payment plans is illustrated in the following table.

in number of shares

2024

2023

Outstanding at 1 January

3,336,236

3,064,079

Granted

1,687,801

1,686,474

Vested

(1,258,810)

(1,064,211)

Cancelled or forfeited

(257,778)

(350,106)

Total movements

171,213

272,157

Outstanding at 31 December

3,507,449

3,336,236