Annual Report 2024

Annual Report 2024

Remuneration of Other Members of the Senior Management Team

For the purposes of U.S. governance reporting requirements, all senior level employees reporting directly to the CEO qualify as the Company’s ‘executives’. The remuneration disclosures in relation to this more extensive group of senior personnel (excluding the NEOs) in this 2024 Remuneration Report is presented on an aggregated basis, with the exception of equity remuneration, which is presented on an individual basis.

Aggregate compensation for other members of the Senior Management Team

The following table sets forth information regarding aggregate compensation paid to members of the Senior Management Team (other than the NEOs) during the year ended December 31, 2024.

Remuneration of Other Senior Management Members – Total

(in $)

 

Compensation

Base pay

 

2,563,047

Variable STI1)

 

1,376,604

Compensation in the form of stock options

 

10,525,234

Compensation in the form of RSUs

 

8,994,991

Other benefits2)

 

4,095,467

Total

 

27,555,343

1)

Variable STI includes a performance based Company wide corporate bonus of $3,636 per member of the Senior Management Team.

2)

Other benefits consists of the lease of a company car, employer-paid medical insurance premiums, pension contributions, social security costs and allowance. In 2024, employer social security costs were impacted by the increase of share-price at year end against the share-price as of December 31, 2023.

For more information on equity granted to members of the Senior Management Team (other than the NEOs), during 2024, please refer to Section 3.4.12 “Summary of Other members of the Senior Management Team”.