Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 555

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 555
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     |                                            |     | 1/3: March 20241              |     |                                                                          |
| 2018          |     | Performance Share Unit Award               |     | 1/3: March 20221              |     | Select Senior Managers                                                   |
|               |     | (one-off IPO related award )1              |     | 1/3: March 20231              |     |                                                                          |
|               |     |                                            |     | 1/3: March 20241              |     |                                                                          |
|               |     | SAR Award (one-off IPO related award)      |     | For non-MRTs:1 June 20213     |     | all DWS employees2                                                       |
|               |     |                                            |     | For MRTs:1 March 20231,3      |     |                                                                          |

| 294 |

| Deutsche Bank      |
| Annual Report 2024 |

1 Depending on their individual regulatory status, a six month retention period (AIFMD/UCITS MRTs) or a twelve month retention period (InstVV, or IFD MRTs starting from 2023) applies after vesting

2 Unless the employee received Performance Share Unit Award

3 For outstanding awards, a 4-year exercise period applies following vesting/retention period

4 Off-Cycle awards to non-InstVV regulated employees only

The following table sets out the movements in share award units.

|                                  |     |  DWS Equity Plan |     |                  |     |     DWS SAR Plan |     |                                 |     |                  |     |                                 |
|                                  |     |             2024 |     |             2023 |     |             2024 |     |                                 |     |             2023 |     |                                 |
| Share units (in thousands)       |     | Number of Awards |     | Number of Awards |     | Number of Awards |     | Weighted-average exercise price |     | Number of Awards |     | Weighted-average exercise price |
| Outstanding at beginning of year |     |            2,377 |     |            2,329 |     |              735 |     | €24.65                          |     |              887 |     | €24.65                          |
| Granted                          |     |              938 |     |            1,213 |     |               35 |     | €22.33                          |     |                0