Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 450

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 450
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. The Intelsat S.A. 2022 Equity Incentive Plan (the “Incentive Plan”) provides for, among other things, the grant of RSUs and PSUs to employees, officers and directors of the Company. The Incentive Plan has vesting provisions predicated upon the death, termination or disability of the grantee. The Incentive Plan was effective as of February 23, 2022 and will expire on the tenth anniversary of the Effective Date. We account for share-based compensation expense in accordance with ASC 718,which requires us to measure and recognize compensation expense in our financial statements based on the fair value at the date of grant for our share-based awards. We recognize compensation expense for these equity-classified awards over their requisite service period and adjust for forfeitures as they occur. The following table summarizes the activity under our Incentive Plan related to RSUs for the year ended December 31, 2024.

|                                  |     | Number of RSUs 
 (in thousands) |      |   |     | Weighted-Average 
 Grant Date Fair  
 Value            |       |
|:---------------------------------|:----|:---------------|-----:|:--|:----|:-----------------|------:|
| Unvested as of December 31, 2023 |     |                |  945 |   |     | $                | 49.30 |
| Granted                          |     |                |  206 |   |     |                  | 49.24 |
| Vested                           |     |                | (600 | ) |     |                  | 49.58 |
| Cancelled and forfeited          |     |                |  (53 | ) |     |                  | 49.24 |
| Unvested as of December 31, 2024 |     |                |  498 |   |     |                  | 48.95 |

The following table summarizes the activity under our Incentive Plan related to PSUs for the year ended December 31, 2024:

|                                  |     | Number of PSUs 
 (in thousands) |       |   |     | Weighted-Average 
 Grant Date Fair  
 Value            |       |
|:---------------------------------|:----|:---------------|------:|:--|:----|:-----------------|------:|
| Unvested as of December 31, 2023 |     |                |   559 |   |