Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 414

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 414
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 meaning of Section 422 of the United States Internal Revenue Service Tax Code), restricted shares, restricted stock units, and other share-based awards and performance compensation awards. Effective June 16, 2016, we increased the aggregate number of common shares authorized for issuance under the 2013 Equity Plan to 20.0 million common shares. The Predecessor share-based awards that were outstanding and cancelled upon Emergence were as follows:

| • |     | Stock Options—Stock options generally expire 10 years from the date of grant. In some cases, options have 
 been granted which expire 15 years from the date of grant.                                                |

F-151

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83

| • |     | RSUs—Time-based RSUs vest over periods from one to three years from the date of grant. |

| • |     | PSUs—Performance-based restricted stock units (“PSUs”) vest after three years from the date of                                                                                                                                                 
 grant upon achievement of certain performance metrics. These grants are subject to vesting upon achievement of an adjusted EBITDA target or achievement of a relative shareholder return, which is based on the Company’s relative shareholder 
 return percentile ranking versus the S&P 900 Index as defined in the grant agreement.                                                                                                                                                          |

Successor Share-Based Compensation Post-Emergence, Intelsat S.A. provides the opportunity for employees to acquire equity interest in the Company and other incentive compensation, such as stock options and cash-based awards, to align the interest of key personnel with those of the Company’s shareholders. 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