Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 241

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 6
Chunk 241
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. The recognized amount in equity as of December 31, 2024 was equal to €5.6 million (€2.6 million as of December 31, 2023).
Cash-settled share-based payment plan
In May 2023, our Board of Directors approved a four-year long-term incentive plan for certain members of our management team. The plan is based on the award of restricted stock units (RSUs), of which 50% will vest upon the second anniversary of the plan and the remaining 50% will vest at the end of the fourth year of the plan. The RSUs granted under this plan will be settled in cash for the amount equivalent to the average price of the Class A Shares during the five business days preceding the settlement date. As of December 31, 2024, the total accumulated amount is €2.9 million. Of the total, €2.1 million are short-term in the heading “Trade creditors and other accounts payable” (€1.7 million as of December 31, 2023) and €0.8 million are long-term in the heading “Provisions” (without amount as of December 31, 2023). The amount recognized in the consolidated statement of profit and loss as of December 31, 2024 amounts to €1.2 million (€1.7 million in 2023).
Fidelity programs addressed to management 
In 2024, we entered into agreements with certain executives establishing a long-term share-based or cash-based incentive as part of our remuneration system. In the case of transfer of shares, we will grant these incentives in equal terms on the anniversary date or at the end of the relevant period, provided that each such beneficiary must have been continuously employed by Grifols until the settlement date. We recognized an amount of €1.1 million in equity as of December 31, 2024.
Former Executive Chairman share-based payment plan
In June 2023, our shareholders approved a long-term variable remuneration for our former Executive Chairperson, Mr. Thomas Glanzmann. Under such plan, he was awarded 700,000 stock options representing the right to acquire 700,000 Class A Shares at an exercise price established by the shareholders at such general shareholders’ meeting. The stock options will vest on the second anniversary of the award date, subject to Mr. Thomas Glanzmann passing a performance evaluation to be conducted by the Board of Directors and the Appointments and Remuneration