Note 27 - Share-based compensation plans and shares held in trust
|
|
|
$ million |
||
|---|---|---|---|---|---|
|
2022 |
2021 |
2020 |
||
Equity-settled [A] |
807 |
539 |
359 |
||
|
|||||
The principal share-based employee compensation plans are the PSP and LTIP. Awards of shares and American Depositary Shares (ADS) of the Company under the PSP and LTIP are granted upon certain conditions to eligible employees. The actual number of shares that may vest ranges from 0% to 200% of the awards, depending on the outcomes of prescribed performance conditions over a three-year period beginning on January 1 of the award year.
|
Number of |
Number of |
Number of ordinary shares (million) [A] |
Number of ADSs |
Weighted average remaining contractual life (years) |
||
|---|---|---|---|---|---|---|---|
At January 1, 2022 |
38 |
12 |
|
9 |
1.2 |
||
Assimilation of ordinary A and B shares into ordinary shares |
(38) |
(12) |
50 |
|
|
||
Granted |
|
|
22 |
4 |
|
||
Vested |
|
|
(16) |
(3) |
|
||
Forfeited |
|
|
(2) |
(1) |
|
||
At December 31, 2022 |
|
|
54 |
9 |
1.1 |
||
At January 1, 2021 |
29 |
10 |
|
8 |
1.0 |
||
Granted |
20 |
6 |
|
4 |
|
||
Vested |
(9) |
(3) |
|
(2) |
|
||
Forfeited |
(2) |
(1) |
|
(1) |
|
||
At December 31, 2021 |
38 |
12 |
|
9 |
1.2 |
||
|
|||||||
Other plans offer eligible employees opportunities to acquire shares and ADSs of the Company or receive cash benefits measured by reference to the Company’s share price.
Shell employee share ownership trusts and trust-like entities purchase the Company’s shares in the open market to meet delivery commitments under employee share plans. At December 31, 2022, they held a total of 23.9 million ordinary shares (2021: A shares: 15.6 million and B shares: 4.5 million) and 4.5 million ADSs (2021: 4.5 million).
