Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 234

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 234
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 Galapagos share on Euronext Brussels over the 30-calendar day period preceding the relevant vesting date. However, for members of the Executive Committee, any vesting prior to the third anniversary of the offer date will always give rise to a payment in cash rather than a delivery of shares as an incentive. 
During 2024, RSUs vested under seven different RSU Plans: Plan 2020.I, Plan 2020.II, Plan 2021.I, Plan 2021.II, Plan 2022.I, Plan 2022.II. and Plan 2023.II. The pay-outs to the Executive Committee members occurred accordingly and the aggregate amounts are set forth in the total remuneration table above.

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No Performance Stock Units (PSUs) have been awarded during 2024.
Subscription rights
In addition, the members of the Executive Committee during the year ended December 31, 2024, were granted and accepted subscription rights.
In 2024, our Chief Executive Officer, Stoffels IMC BV (permanently represented by Dr. Paul Stoffels) was offered 75,000 subscription rights under Subscription Right Plan 2024 BE. He accepted all the granted subscription rights. The exercise price of these subscription rights is €26.90. The subscription rights under Subscription Right Plan 2024 BE vest only and fully on the first day of the fourth calendar year following the calendar year in which the grant was made. These subscription rights are exercisable as from January 1, 2028.
The following members of the Executive Committee were offered new subscription rights under Subscription Right Plan 2024 BE and each accepted all subscription rights granted as per the following: Annelies Missotten (30,000 subscription rights), Valeria Cnossen (30,000 subscription rights) and Thad Huston (50,000 subscription rights). The exercise price of these subscription rights is €26.90. For all the beneficiaries under Subscription Right Plan 2024 BE, the subscription rights vest only and fully on the first day of the fourth calendar year following the calendar year in which the grant was made. These subscription rights are exercisable as from January 1, 2028.
The table below provides an overview as of December 31, 2024 of the subscription rights held by, awarded to and exercised by the members of our Executive Committee during the year ended December 31, 2024. 

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