Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 229

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 229
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1, 2024; (iii) annual additional compensation for membership of a Board committee: €15,000; (iv) annual additional compensation for the Chairmanship of a Board committee: €20,000. Given his function and responsibilities, the Lead Non-Executive Director receives an increased compensation as of May 1, 2024: €75,000. Before the Lead Non-Executive Director received the same remuneration as the other Non-Executive Directors; 
(b) equity-based remuneration: (i) Chair of the Board of Directors (i.e. Stoffels IMC BV, permanently represented by Dr. Paul Stoffels: N/A; (ii) other Non-Executive members of the Board of Directors (i.e. Peter Guenter, Elisabeth Svanberg, Dan Baker (until October 6, 2024), Jérôme Contamine, Susanne Schaffert, and Simon Sturge: €50,000 each until April 30, 2024 and €55,000 each as of May 1, 2024; in each case (i) and (ii) subject to the requirement to use the net amount (after taxes) to acquire Galapagos shares. These latter payments make up the equivalent of an equity component of the Board members’ remuneration and the resulting shares are to be held until at least one year after the member of the Board of Directors leaves the Board of Directors and at least three years after the time of acquisition. 

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The same 2020 and 2024 Annual Shareholders’ Meeting resolved that the mandate of a Director representing a shareholder on the Board of Directors will not be remunerated, being per December 31, 2024: Linda Higgins, Andrew Dickinson and Oleg Nodelman. 
Effective from April 26, 2022, our new Chief Executive Officer, Stoffels IMC BV (permanently represented by Dr. Paul Stoffels) has been appointed as the Chair of our Board of Directors. The Chief Executive Officer will only be remunerated for the performance of its executive functions as CEO and will not be entitled to any additional remuneration for its mandates of member and Chairman of the Board of Directors or member of any Committee.
The remuneration of the members of the Board of Directors does not contain a variable part; hence no performance criteria apply to their remuneration. 
The following table sets forth the fees received by our members of the