Company: GIFLF
Filing Date: 2025-06-05
Form Type: 6-K
Source: 0001104659-25-056816
Chunk: 8

Company: Grifols SA
Filing Date: 2025-06-05
Form: 6-K
Chunk 8
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 Plan, nor is the Chief Financial Officer.

Eligibility of any new Participants who
are members of the senior management team will be decided by the Company's Appointments and Remuneration Committee. A special committee
led by the Company's Chief Executive Officer will have the authority to grant awards for Participants who are not members of the senior
management team.

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2. Purpose of the Plan:

The 2025 Equity Incentive Plan has been designed to
align the interests of Participants with those of the Company’s shareholders and to support the Company’s long-term
success by encouraging sustainable value creation. It aims to attract, retain and motivate key talent in an increasingly competitive
global environment, foster long-term commitment to the Company’s strategic objectives, and reinforce a compensation strategy
that is aligned with prevailing market standards. In addition, the Plan is structured to meet the expectations of proxy advisors and
institutional investors, and addresses the identified gap in the Company’s total compensation offering, particularly for
certain critical roles and geographies. The Plan is intended as a highly selective, performance-linked incentive that complements
existing short-term remuneration structures.

3. Instruments:

For the Participants who are
members of the senior management team, the Plan exclusively provides for the grant of performance share units (“Performance Shares”), with the purpose of aligning the remuneration of senior executives with the interests of shareholders and the
long-term strategic goals of the Company.

For the Participants who are not members
of the senior management team, the Plan provides for the grant of: (i) Performance Shares (65% of the award) and (ii) fidelity shares
(35% of the award). These two award vehicles are designed to serve complementary purposes, reinforcing both retention and performance-based
reward within a unified long-term incentive framework.

4. Term of the Plan:

The Plan shall have a minimum vesting
period of three (3) years from the grant date (29 April 2025), subject to the approval of the Ordinary Meeting. Vesting will therefore
take place on 29 April 2028.

Awards shall not vest earlier than three (3) years after the
date of grant.

5. Maximum number of shares:

The maximum number of Class A shares of the Company that may be delivered under the Plan shall be 1,032,671 (based on a reference price per share of €9.017 1), corresponding to a maximum total cost of €9,