SAP announces share repurchase program to service future share-based compensation awards
Repurchased shares will primarily be used to service future awards granted under the Move SAP share-based compensation plan.
- Repurchased shares will primarily be used to service future awards granted under the Move SAP share-based compensation plan.
- Under its previous policy, SAP serviced obligations arising from the plan with cash payments but has now decided to settle future awards predominantly in shares.
- Obligations from outstanding Move SAP awards will continue to be serviced with cash payments and the settlement methods of SAP's other share-based compensation programs remain unchanged.
- The new share repurchase program follows SAP's 2020 repurchase of around 14 million shares for about 1.5 billion.