Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 203

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 203
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. The STIP is paid out entirely in cash, subject to certain exceptions requiring Board approval. The maximum payout opportunity for the executive officers is 150% of their on -targetlevel STIP award, subject to certain exceptions for exceptional circumstances pursuant to Kyivstar Group Ltd. Board approval. KPIs will be generally set at the beginning of each calendar year and evaluated in the first quarter of the following year. The cash pay -outof the STIP award is to be scheduled in the first quarter of the year following the assessment year, and is subject to continued active employment during the year of assessment (except in limited “good leaver” circumstances, in which case there will be a pro -ratareduction) and on the date of payout, as well as a pro -ratareduction if the participant commenced employment after the start of the year of assessment, but not later than the October 1 stof such year, unless the Board, in its discretion, determines otherwise. In accordance with Kyivstar Group Ltd.’s Policy for Recovery of Erroneously Awarded Compensation, Kyivstar Group Ltd. is required to recover any portion of any STIP award granted in excess of the STIP award that would have been granted based on a restated financial reporting measure. 123 Share-based Compensation Plan — Long-Term Incentive Plan Subject to approval by the Kyivstar Group Ltd. Board, the Company intends to adopt a discretionary long -term, share -basedcompensation plan (the “LTIP”). The key objective of the LTIP is to align the interests of the Kyivstar Group Ltd. leadership team with the long -termsuccess of the Company and shareholders’ interests while also serving as a tool to incentivize and enhance retention among the leadership team. Eligible participants under the LTIP may include members of Kyivstar Group Ltd. management, Kyivstar Group Ltd. employees, certain members of the Kyivstar Group Ltd. Board and consultants of Kyivstar Group Ltd. and its subsidiaries. Beneficiaries under the LTIP will generally be granted equity awards pursuant to the terms and conditions of the LTIP and any applicable award agreement. The final eligibility of any beneficiary to participate in the applicable equity awards will be determined by the Kyivstar Group Ltd. Board (or a committee thereof) in its absolute discretion. The terms and conditions of LTIP and any applicable equity awards specify (without limitation) the following: (i)the structure of the award (whether it will