Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 621

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 621
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 vest takes into account the likelihood that performance and service conditions included

in the terms of the awards will be met. For other share-based payment schemes such as Sharesave and Sharepurchase, there are non-

vesting conditions which must be met. Failure to meet the non-vesting condition is treated as a cancellation, resulting in an acceleration

of recognition of the cost of the employee services.

The fair value of shares is the market price ruling on the grant date, in some cases adjusted to reflect restrictions on transferability. The

fair value of options granted is determined using the Black-Scholes model to estimate the numbers of shares likely to vest. The model

takes into account the exercise price of the option, the current share price, the risk-free interest rate, the expected volatility of the

share price over the life of the option and other relevant factors. Market conditions that must be met in order for the award to vest are

also reflected in the fair value of the award, as are any other non-vesting conditions – such as continuing to make payments into a

share-based savings scheme.

The charge for the year arising from share-based payment schemes was as follows:

|                                                | Charge for the year |      |      |
|                                                |                2024 | 2023 | 2022 |
|                                                |                  £m |   £m |   £m |
| Share Value Plan and Deferred Share Value Plan |                 319 |  284 |  295 |
| Others                                         |                 178 |  191 |  214 |
| Total equity settled                           |                 497 |  475 |  509 |
| Cash settled                                   |                  10 |    4 |    4 |
| Total share based payments                     |                 507 |  479 |  513 |

The terms of the main current plans are as follows:

Share Value Plan (SVP)

SVP awards have been granted to participants in the form of a conditional right to receive Barclays PLC shares or provisional allocations

of Barclays PLC shares which vest or are considered for release over a period of three, four, five or seven years. Participants do not pay

to receive an award or to receive a release of shares. For awards granted before December 2017, the grantor may also make a dividend

equivalent payment to participants on release of a SVP award. SVP awards are also made to eligible employees for recruitment

purposes. All awards are subject to potential forfeiture in certain le