Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Employees Costs and Benefits

The principal characteristics of the LTIPs as at 31 December 2022 are summarised below:

(7)

(8)

(9)

LTIP 2017

LTIP 2018

LTIP 2019

LTIP 2020

LTIP 2021

LTIP 2022

15 December 2021

14 December 2022

(1)

Grant date

30 October 2017 30 October 2018 29 October 2019 28 October 2020

Performance Units and Performance Shares Plan

Units

Units Shares Units Shares Units Shares Units Shares

Shares

Shares

Number of units/ shares granted (2)

421,638 425,702 278,376 281,181 247,508 247,508 420,004 420,004

520,870

649,373

Fair value at grant date Fair Value of performance units as of 31 December 2022 Number of units/ shares granted through Equity Pool Number of units/ sharesoutstanding (3) (3) (4)

74.83 / 71.69 76.76

84.09 / 83.28 85.01

112.83 / 108.44 112.92

51.04 / 46.98 55.49

89.83

110.85

108.77 / 105.94

108.77 / 105.94

0

-

108.79

-

-

-

-

-

1,898 1,898 6,964 6,964 4,343 4,252 1,224 1,224

7,438

1,348

(5)

0

0

64,147

0

114,075 115,134 401,527 401,527

522,932

650,721

Total number of eligible beneficiaries

1,601

1,626

1,576

1,602

1,782

1,574

The Performance Units and Performance Shares will vest if the participant is still employed by a company of the Group at the respective vesting dates and upon achievement of mid ‑ term business performance. Vesting schedule is made up of two payments over two years for units, one date of delivery for shares.

Vesting conditions

Limited Share price per unit at vesting dates to (6)

€147.62

-

€213.88

-

€244.12

-

€136.08

-

-

-

50% each expected:

50% each expected:

50% each expected:

50% each expected:

in June 2021 in

100% expected in May 2021

in June 2022 in

100% expected in May 2022

in June 2023 in

100% expected in May 2023

in June 2024 in

100% expected in May 2024

June 2022

June 2023

June 2024

June 2025

100% expected in May 2025

100% expected in May 2026

Vesting dates

Number of vested units/shares

192,010 194,975 66,714 132,120

0

0

0

0

0

0

(1) Date, when the vesting conditions were determined. (2) Based on 100% target performance achievement. A minimum of 50% of Performance Units will vest; 100% in case of on ‑ target performance achievement; up to a maximum of 150% in case of overachievement of performance criteria. In case of absolute negative results (cumulative EBIT of the Company) during the performance period, the Board of Directors can decide to review the vesting of the Performance Units including the 50% portion which is not subject to performance conditions (additional vesting condition). (3) Values are provided for units corresponding per vesting date. (4) Mirroring the respective plan rules and regulations, but granted at a different date based on specific Board of Directors’ resolutions. (5) Including shares granted through the Equity Pool, if applicable. (6) Corresponds to 200% of the respective reference share price. Overall, the pay ‑ out for Performance Units is limited to a total amount of 250% of the units originally granted, each valued with the respective reference share price of €73.81 (for LTIP 2017), €106.94 (for LTIP 2018), €122.06 (for LTIP 2019), €68.04 (for LTIP 2020).

(7) Based on performance achievement of 50% for Performance Units under LTIP 2017. (8) Based on performance achievement of 50% for Performance Units under LTIP 2018. (9) Based on performance achievement of 50% for Performance Units under LTIP 2019.

Additionally, the Board of Directors approved in 2022 the exceptional grant of 1,836 Restricted Units and 47,035 Restricted Shares (2021: 1,354 Units and 10,725 Shares) under the Equity Pool with an average fair value of €102.64. 4,826 Units and 2,165 Shares have vested in 2022 (2021: 2,017 Units and 3,578 Shares). The number of units granted under the Equity Pool and outstanding as of 31 December 2022 is 1,836 Units and 56,857 Shares (2021: 6,086 Units and 13,247 Shares).

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