Total Share-Based Payment Costs

The amounts recognized in operating profit for all share-based payment transactions have been summarized by taking into account both the provisional awards for the current year and the additional awards related to prior years. Total share-based compensation has slightly decreased in comparison to 2021.

2022 (in thousands of US$)

Performance shares and RSU/Value Creation Stake

Matching
shares

Total

Instruments granted

13,327

5,840

19,167

Total expenses 2022

13,327

5,840

19,167

2021 (in thousands of US$)

Performance shares and RSU/Value Creation Stake

Matching
shares

Total

Instruments granted

15,153

4,523

19,676

Total expenses 2021

15,153

4,523

19,676

Rules of conduct with regard to inside information are in place to ensure compliance with the act on financial supervision. For example, these rules forbid the exercise of options or other financial instruments during certain periods, more specifically when an employee is in possession of price-sensitive information.

The movement in the outstanding number of shares which could potentially vest at a point in time under the Company share-based payment plans is illustrated in the following table.

in number of shares

2022

2021

Outstanding at 1 January

2,910,725

2,530,336

Granted

1,629,422

1,734,267

Vested

(1,125,632)

(1,090,015)

True-up at vesting

Cancelled or forfeited

(350,436)

(263,863)

Total movements

153,354

380,389

Outstanding at 31 December

3,064,079

2,910,725