Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 399

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 399
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: these plans are intended to provide a long-term incentive to certain of our employees and members of the Executive Co...
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Plan 2020. II, Plan 2021. II, Plan 2021. IV, Plan 2022. II, Plan 2023. II and Plan 2024. II: these plans are designed with the aim to retain a specific group of our key employees and members of...
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Plan 2021. III and Plan 2022. III: these plans are intended to compensate employees who transferred from Gilead to us in the framework of the transfer of European commercialization rights for t...
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The main characteristics of all these plans are as follows:
the RSUs are offered for no consideration;
generally four-year vesting period, with 25% vesting each year, except for some plans or some beneficiaries for which the RSUs will all vest at the same time three years after the offer date (b...
payout will be in cash or shares, at our discretion, it being understood that in respect of members of the Executive Committee, any vesting prior to the third anniversary of the offer date will...
any unvested RSUs are forfeited upon termination of service before the vesting date.

F-63

Table of Contents

The table below sets forth a summary of RSUs outstanding at December 31, 2024, per RSU 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.        5/5/202