SAP Announces Share Buyback Program to Serve Future Stock-Based Compensation Awards


WALLDORF, Germany, January 13, 2022 /PRNewswire/ — SAP (NYSE: SAP) today announced a new share buyback program. The program, with a volume of up to 1 billion euros, is expected to be executed during the period between February 01 and December 31, 2022. It will be implemented on the basis of the authorization given by the annual general meeting of SAP SE on May 17, 2018, and subject to the restrictions set forth therein.

SAP Logo (PRNewsfoto/SAP SE)

The repurchased shares will primarily be used to service future awards granted under the “Move SAP” stock-based compensation plan.

“Move SAP” is SAP’s long-term employee incentive and retention plan. It aims to reward employees who have a significant impact on the success of the company. The plan accounted for the majority of SAP’s stock-based compensation expense from 2018 to 2020. Under its previous policy, SAP served obligations arising from the plan with cash payments, but has now decided to settle future awards. mainly in stocks.

Obligations arising from outstanding “Move SAP” awards will continue to be satisfied by cash payments and the settlement methods for SAP’s other stock-based compensation programs will remain unchanged.

SAP Finance Director Luka Mucic said: “By settling our equity-based compensation primarily in equity rather than cash payments for new awards issued from 2022 onwards, we intend to further strengthen our employee ownership culture and ensure that the interests of employees are closely aligned with those of our shareholders.”

The new share buyback program follows SAP’s 2020 repurchase of around 14 million shares for around 1.5 billion euros.

You can find more information on the “Move SAP” plan in section B.3 (Payments in shares) of the SAP Integrated Report 2020.

About SAP

SAP’s strategy is to help every business run like an intelligent business. As the market leader in enterprise application software, we help businesses of all sizes and in all industries run at their best: SAP customers generate 87% of total global business. Our machine learning, Internet of Things (IoT) and advanced analytics technologies help transform our clients’ businesses into intelligent enterprises. SAP helps empower people and organizations with deep business insights and fosters collaboration that helps them stay ahead of their competition. We simplify technology for businesses so they can consume our software the way they want, without disruption. Our suite of end-to-end applications and services enable businesses and public customers in 25 industries around the world to operate profitably, continuously adapt, and make a difference. With a global network of customers, partners, employees and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

Follow SAP Investor Relations on Twitter at @sapinvestor.

This document contains forward-looking statements, which are predictions, projections or other statements regarding future events. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. Additional information regarding these risks and uncertainties can be found in our filings with the Securities and Exchange Commission, including, but not limited to, the risk factors section of SAP’s 2020 Annual Report on Form 20-F .

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