Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 378

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 378
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 for the years ended December 31, 2024, 2023, and 2022:

                                                   For the year ended December 31,                                                         
                                                                              2024                  2023                  2022             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Selling, general and administrative expense                                7,257                 5,131                 7,128             
  Research and development expense                                           2,584                   262                 2,781             
  Total                                                                          $      9,841          $      5,393          $      9,909  

At-listing plan

All executives and other key management members are eligible to receive RSUs under this plan. RSUs were granted on September 9, 2022 with the vesting commencement date of June 24, 2022; 33 33 34 517,220 3,476 169,853 1,141 23,780 160 144,249 969 8,656 58

Post-listing plan

Under this plan, the EMT (i. e., CEO, CFO, and COO), are eligible to receive PSUs and other key management members are eligible to receive RSUs and PSUs. The following table outlines the key terms of awards granted under the plan:

  Plan Year      Award Type       Grant Date             Vesting Period      Vesting Commencement Date      Final Vesting Date  
       2024      PSUs & RSUs      April 5, 2024          3-year cliff        January 1, 2024                June 1, 2027        
       2023      PSUs & RSUs      April 3, 2023          3-year cliff        January 1, 2023                April 3, 2026       
       2022      PSUs & RSUs      September 9, 2022      3-year cliff        June 24, 2022                  June 24, 2025       
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

In order for the participants to receive PSUs, the Group must achieve the following market and non-market performance-based targets:

Market condition

•25

Non-market conditions

•25

•20

•30

The following table summarizes the awards granted and canceled in each period along with their respective fair values: