Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 377

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 377
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 the Omnibus Plan and employee stock purchase plan as part of the Group’s employee compensation. The Omnibus Plan includes several types of programs, including: At-listing Plan, Post-listing Plan, Free Share Plan, and the One-time retention bonus plan, all of which are equity-settled. The employee stock purchase plan is an equity-settled share-matching program.

The following table illustrates share activity for the year ended December 31, 2024:

                                           Number of PSUs      Number of RSUs      Number of RSAs             Total  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Outstanding as of January 1, 2024             1,971,076             762,071      —                      2,733,147  
  Granted                                       3,353,293          11,359,298      876,835               15,589,426  
  Vested                                                —          ( 144,249)      —                     ( 144,249)  
  Cancelled                                  ( 1,585,249)        ( 1,250,974)      ( 9,187)            ( 2,845,410)  
  Outstanding as of December 31, 2024           3,739,120          10,726,146      867,648               15,332,914  

The following table illustrates share activity for the year ended December 31, 2023:

  Number of PSUs      Number of RSUs      Number of Free Shares      Total  
 ────────────────────────────────────────────────────────────────────────────

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  Outstanding as of January 1, 2023           858,821         458,620      4,222          1,321,663  
  Granted                                   1,378,621         530,424      —              1,909,045  
  Vested                                            —      ( 169,853)      ( 4,222)      ( 174,075)  
  Cancelled                                ( 266,366)       ( 57,120)      —             ( 323,486)  
  Outstanding as of December 31, 2023       1,971,076         762,071      —              2,733,147  

The following table illustrates total share-based compensation expense, all of which was equity settled,