Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 398

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 398
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 the subscription right is calculated as the estimated duration until exercise, taking into account the specific features of the plans. For the plans issued in 2024 we assumed an exercise at mid-point.
Our share based compensation expense in 2024 in relation to subscription right plans amounted to €19,886thousand (2023: €56,718thousand; 2022: €88,506thousand), of which €17,685thousand (2023: €36,628thousand, 2022: €62,003thousand) from continuing operations and €2,201thousand (2023: €20,090thousand, 2022: 26,503thousand) from discontinued operations.
The following table provides an overview of the outstanding subscription rights per category of subscription right holders at December 31, 2024, 2023 and 2022.

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Table of Contents

Category
December 31,
2024
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(in number of subscription rights)
Members of the Board of Directors 7,500 7,500 75,000
Members of the Executive Committee 1,616,500 1,670,500 1,864,000
Personnel 10,287,109 9,794,520 8,877,856
Total subscription rights outstanding 11,911,109 11,472,520 10,816,856
The outstanding subscription rights at the end of the accounting period have an weighted average exercise price of €73.19(2023: €77.93; 2022: €83.10) and a weighted average remaining expected life of1,560 days(2023: 1,728 days; 2022: 1,914 days).
RESTRICTED STOCK UNITS RSUs
Each RSU represents the right to receive, at our discretion, oneGalapagos share or a payment in cash of an amount equivalent to the volume-weighted average price of the Galapagos share on Euronext Brussels over the30-calendar day period preceding the relevant vesting date, in accordance with the terms and conditions of the relevant RSU program.
We currently have the following restricted stock unit (RSU) programs:
Plan 2020. I, Plan 2021. I and Plan 2022. I, Plan 2023. I and Plan 2024. I