| June 30, 2025 | June 30, 2024 | |
|---|---|---|
| Shares yet to vest as of January 1 | Shares yet to vest as of January 1June 30, 20254,201,184 | Shares yet to vest as of January 1June 30, 20245,151,357 |
| Shares granted under plans implemented during the year | Shares granted under plans implemented during the year June 30, 20251,699,877 |
Shares granted under plans implemented during the year June 30, 20241,473,832 |
| Deliveries, vesting of shares during the year | Deliveries, vesting of shares during the year June 30, 2025(1,678,071) |
Deliveries, vesting of shares during the year June 30, 2024(1,629,927) |
| Shares granted and that have become lapsed | Shares granted and that have become lapsed June 30, 2025(96,385) |
Shares granted and that have become lapsed June 30, 2024(354,824) |
| Shares yet to vest as of June 30 | Shares yet to vest as of June 30 June 30, 20254,126,605 |
Shares yet to vest as of June 30 June 30, 20244,640,438 |
The total impact of these plans on the first-half 2025 income statement is euro 54 million (excluding taxes and social security charges), compared to euro 46 million in first-half 2024 (see note 5).
With regard to the free share plans granted subject to (non-market) performance conditions, and for which performance has not yet been definitively measured as of June 30, 2025, the probability of meeting the targets set in respect of the calculation of the fisrt-half 2025 expense has been estimated as follows:
Transactions with related parties mainly concern those carried out with associates and there were no significant changes in transactions with related parties during the first six months of the year
On July 4, 2025, a major budget law was enacted in the United States—the One Big Beautiful Bill Act (OBBBA)— introducing, among other things, tax measures retroactively applicable as of January 1, 2025. This legislation includes the extension of existing tax reductions, adjustments to tax depreciation rules, and targeted changes to certain tax credits.
As of June 30, 2025, the law had not yet been definitively passed by the U.S. Congress nor signed by the President.
It was therefore not taken into account in the condensed half-year consolidated financial statements.
Given the implementation arrangements and the options provided by the regulation, the Group is currently analyzing the potential impacts of this law on its activities and tax expenses.
