Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 279

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 279
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 adjusted Economic Value Added (EVA) with metric required to be positive to trigger vesting of shares. For grants from 2021 onwards, vesting is subject to outcome of Total Shareholder Return (“TSR”), measured on a relative basis to the median TSR performance of a panel of comparable companies during a three-year period. For the 2024 vesting of Performance shares, SES’s total shareholder return of 8.1% relative to the median performance of a panel of comparable companies of -40% triggered 150% vesting of the performance shares granted in 2021. Beginning with grants issued in 2023, ESG became a possible negative modifier to TSR, ranging from 0 to 20% pending achievement of two metrics: (i) targeted reductions in CO2 emissions and (ii) targeted changes in management representation. In 2025, SES reviewed its ESG targets and determined that emission reduction will be its sole ESG target going forward. In addition, in 2024, the members of SES’s executive team were awarded a combined total of 180,646 restricted shares as part of SES’s long-term incentive plan and 541,939 performance shares. The detailed overview of the 2024 equity grant and vesting as well as current total shareholding for the CEO, CFO, CCO, CLO and other executive team members is provided as follows:

|                                |                    | Long Term Equity Plan – 2024 Grant |     |       |     |          |     |         |   |     | Equity Vesting in 2024 |         |     |        |         |     |   Registered 
   shares and 
      FDR’s – 
 December 31, 
         2024 |    |
|:-------------------------------|:-------------------|:-----------------------------------|:----|------:|:----|---------:|:----|--------:|:--|:----|-----------------------:|:--------|:----|-------:|--------:|:----|-------------:|---:|
| In Euro                        |                    | Components                         |     | Grant 
  Year |     |  Vesting 
 Year (2) |     |   Units 
 granted |   |     |                  Grant 
                   year |         |     |  Units 
 vested |         |     |              |    |
| Chief                          
 Executive Officer (1)          |                    | Stock Options                      |     |       |     |          |     |         | — |     |