Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 553

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 553
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 consolidated financial statements.

The following table sets out the movements in share award units, including grants under the cash plan variant of the Deutsche Bank Equity Plan.

| Share units (in thousands)            |     |    2024 |     |    2023 |
| Balance outstanding as of January 01  |     | 128,627 |     | 127,528 |
| Granted                               |     |  41,167 |     |  50,930 |
| Released                              |     | -50,015 |     | -44,963 |
| Forfeited                             |     |  -3,491 |     |  -4,565 |
| Other movements                       |     |     300 |     |    -302 |
| Balance outstanding as of December 31 |     | 116,588 |     | 128,627 |

| 292 |

| Deutsche Bank      |
| Annual Report 2024 |

The following table sets out key information regarding awards granted, released and remaining in the year.

|                |     |                                                  2024 |     |                                                 |     |                                                      |     |                                                      2023 |     |                                                 |     |                                                      |
|                |     | Weighted average fair value per award granted in year |     | Weighted average share price at release in year |     | Weighted average remaining contractual life in years |     | Weighted average fair value per award granted in the year |     | Weighted average share price at release in year |     | Weighted average remaining contractual life in years |
| DB Equity Plan |     |                                                €10.30 |     | €12.92                                          |     |                                                  1.4 |     |                                                     €9.85 |     | €11.51                                          |     |                                                  1.5 |

Share-based payment transactions resulting in a cash payment give rise to a liability, which amounted to approximately € 14 million and € 12 million for the years ended December 31, 2024 and 2023, respectively.

The grant volume of outstanding share awards was approximately € 1.0 billion and € 1.1 billion as of December 31, 2024 and 2023, respectively. Thereof, approximately € 0.8 billion and € 0.8 billion had been recognized as compensation expense in the reporting year or prior to that. Hence, compensation expense for deferred share-based compensation not yet recognized amounted to approximately € 0.2 billion and €