Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 289

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 289
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) | Adel Al-Saleh 11 months remuneration (as of February 1, 2024) and Ruy Pinto as interim CEO (end date January 
 31, 2024)                                                                                                    |

| (5) | Chief People Officer (Veronika Ivanovic as of 01/09/2024), Interim CTO (Milton TORRES FILHO) and Chief 
 Transformation Officer (Fabien Loeffler as of 01/09/2024)                                              |

Long Term Equity Incentives SES’s long term equity plan is administered by our Remuneration Committee. The plan permits the grant of: (i) stock options (discontinued in early 2023); (ii) restricted shares; and (iii) performance shares. The 2024 total grant value was divided into 25% restricted shares and 75% performance shares. 220

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 The Restricted Shares are FDRs granted with the sole condition that, at vesting, the executive team member must be employed by SES. The Restricted Shares vest on June 1 of the third year following the year of their grant. Performance Shares are FDRs granted to executive team members and vest on June 1 of the third year following the year of their grant. Performance shares granted prior to year 2021 are subject to the outcome of the compounded three years 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