Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 455

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 455
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:--|------------------:|:--|:----|:--|------------------:|:--|
| RSU expense before income tax   |     | $ |            16,631 |   |     | $ |            21,674 |   |     | $ |            24,659 |   |
| Tax benefits                    |     |   |            (4,148 | ) |     |   |            (5,406 | ) |     |   |            (6,150 | ) |
| RSU expense, net of tax         |     | $ |            12,483 |   |     | $ |            16,268 |   |     | $ |            18,509 |   |
| Total fair value of RSUs vested |     | $ |             1,433 |   |     | $ |            20,721 |   |     | $ |            29,756 |   |

F-158

The following table summarizes the components of stock compensation expense under our Incentive Plan related to PSUs (in thousands):

|                               |     |   |  Ten Months Ended 
 December 31, 2022 |   |     |   |        Year Ended 
 December 31, 2023 |   |     |   |        Year Ended 
 December 31, 2024 |   |
|:------------------------------|:----|:--|------------------:|:--|:----|:--|------------------:|:--|:----|:--|------------------:|:--|
| PSU expense before income tax |     | $ |             2,001 |   |     | $ |             3,755 |   |     | $ |            21,939 |   |
| Tax benefits                  |     |   |              (499 | ) |     |   |              (937 | ) |     |   |            (5,471 | ) |
| PSU expense, net of tax       |     | $ |             1,502 |   |     | $ |             2,818 |   |     | $ |            16,468 |   |

No PSUs vested during the ten months ended December 31, 2022, year ended December 31, 2023 or year ended December 31, 2024. As of December 31, 2024, total unrecognized compensation costs related to unvested employee RS