On April 4, 2025, AB Šiaulių Bankas (hereinafter – the Bank) granted stock option rights to 26 employees of the Bank Group as part of the annual variable remuneration for the year 2024,
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·      when a 5-year deferral period applies to the deferred portion of the annual variable remuneration:
o  3/5 to be granted on April 7, 2028 – 792,825 shares
o  1/5 to be granted on April 9, 2029 – 264,275 shares
o  1/5 to be granted on April 8, 2030 – 264,284 shares
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·      when a 4-year deferral period applies to the deferred portion of the annual variable remuneration:
o  3/4 to be granted on April 7, 2028 – 441,825 shares
o  1/4 to be granted on April 9, 2029 – 147,264 shares
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·      when a 3-year deferral period applies to the deferred portion of the annual variable remuneration to be granted on April 7, 2028 – 53,907 shares
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Additionally, on April 4, 2025, as part of the long-term incentive program for 2025-2027, the Bank granted stock option rights to 7 employees, subject to a 5-year deferral period:
o  3/5 to be granted on April 7, 2028 – up to 4,380,000 shares
o  1/5 to be granted on April 9, 2029 – up to 1,060,000 shares
o  1/5 to be granted on April 8, 2030 – up to 1,060,000 shares
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The Bank has granted employees stock option rights for up to 12,292,799 shares that have not yet been acquired.
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Additional information:
Tomas Varenbergas
Head of Investment Management Division
