Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 483

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 483
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,453   ​    ​      736,095
​
The RSUs are measured based on the volume-weighted average price of the Galapagos share on Euronext Brussels over the 30-calendar day period preceding the reporting period and they are re-measured at each reporting date. We recognize the corresponding expense and liability over the vesting period. The total liability relating to outstanding RSUs on December 31, 2024 amounted to €16.7 million (2023: €13.8 million, 2022: €12.9 million).The following table provides an overview of the outstanding RSUs per category of RSU holders on December 31, 2024, 2023 and 2022.​

                ​                    ​   ​        ​       ​    ​        ​       ​    ​       ​   
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​                                    ​   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
​
​
33. Related partiesRelationship and transactions with entities with control of, or significant influence over, GalapagosGileadGilead exercises significant influence over us as from the equity subscription on August 23, 2019. As a result of the equity subscription we received a transparency notification from Gilead on August 28, 2019 confirming they held 22.04% of the then issued and outstanding shares of Galapagos. By exercising Warrant A on November 6, 2019 Gilead increased its ownership in Galapagos to 25.10% of the then outstanding shares. Gilead further increased its ownership to 25.84% at December 31, 2019. Gilead’s ownership then diluted to 25.35% at December 31, 2023 and at December 31, 2024, due to one capital increase resulting from the exercise of subscription rights under employee subscription right plans in the course of