Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 235

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 235
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2031       ​                200,000   ​    ​                    ​       ​                ​       ​               
​                                                               ​   SR Plan 2024 BE    ​    3/7/2024     ​    after year of         ​    26.90          ​    05/16/2032     ​                 50,000   ​    ​                    ​       50,000           ​       ​               
​                                                               ​   ​                  ​    ​            ​    grant                 ​    ​              ​    ​              ​                      ​   ​    ​                    ​       ​                ​       ​               
Total                                                           ​   ​                  ​    ​            ​    ​                                         ​    ​              ​                250,000        —                            50,000           ​       —               
​
​

​
167

RSU plans
Upon recommendation of the Nomination and Remuneration committee, the Board of Directors has updated the Remuneration Policy in 2020 to also include the grant of RSUs as a long-term incentive for the members of the Executive Committee, starting from the year ended on December 31, 2019. The revised 2024 Remuneration Policy still includes the grant of RSUs.
We currently have the following restricted stock unit (‘RSU’) programs:

●   Plan 2020.I, Plan 2021.I, Plan 2022.I, Plan 2023.I and Plan 2024.I: these plans are intended to provide a long-term incentive to certain of our employees and Executive Committee members and, as of 2020, replaces the deferred portion of the bonus under the old Senior Management Bonus Scheme;
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●   Plan 2020.II, Plan 2021.II, Plan 2021 IV, Plan 2022.II, Plan 2023.II and Plan 2024.II: these plans are designed with the aim to retain a specific group of our key employees and Executive Committee members whose retention is considered so important for the future performance of Galapagos that an additional incentive is desirable. The four-year vesting period is designed to be aligned with long-term shareholder interests; and
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●   Plan 2021.III and Plan 2022.III: these plans are intended to compensate employees who transferred from Gilead to Galapagos in the framework of the transfer of European commercialization rights for the long-term incentive plans within Gilead