Financial statements N otes to the consolidated financial statements continued 22. Share-based payments As at 31 December 2021, a total number of 9,897,066 (31 December 2020: 14,490,167) shares are held by the Equity Benefit Trust (EBT). The EBT will be used for future option schemes and bonus shares for employees. Employee All- A1 Share employee incentive Ownership Restricted incentive share Plan stock units plan options Total Awards movement during the reporting period £000 £000 £000 £000 £000 Outstanding at 1 January 2020 6,570 10,999 874 2 18,445 Granted 4,580 314 27 – 4,921 Vested (345) (2,577) (53) – (2,975) Lapsed (188) (594) (46) – (828) Outstanding at 31 December 2020 10,617 8,142 802 2 19,563 Granted 3,124 – – – 3,124 Vested (260) (4,115) (218) – (4,593) Lapsed (996) (250) (6) – (1,252) Outstanding at 31 December 2021 12,485 3,777 578 2 16,842 Exercisable at 31 December 2021 565 2,844 578 2 3,989 Within 1 year 2,480 865 – – 3,345 1-2 years 3,126 54 – – 3,180 2-5 years 5,714 14 – – 5,728 More than 5 years 600 – – – 600 Outstanding at 31 December 2021 12,485 3,777 578 2 16,842 Employee Share Ownership Plan (ESOP) - previously known as Discretionary Share Option Plan (DSOP) 4 In 2020, the S Capital Group Board approved employee option schemes for key employees of 4,579,832 options over 4 S Capital Ordinary Shares with an average exercise price of nil pence and a maximum term of six years. During 2021 an additional 3,124,241 options has been approved by the Board with an exercise price in the range between nil and £8.04 and a maximum term of six years. In accordance with IFRS 2, the Group recognises share-based payment charges from 4 the date of granting the option plans until the vesting of the option plans. Vesting of the options are subject to S Capital Group achieving year on year business performance targets and options holders achieving personnel performance targets with continued employment. During 2021, 260,446 (2020: 344,616) options were exercised. During 2021 a total charge of £5.9 million (2020: £3.4 million) is recognised in relation to the ESOP and DSOP. Restricted Stock Units (RSUs) In December 2018, the S4Capital Group Board approved an employee option scheme of 8,952,610 RSUs over S4Capital ordinary shares. During 2019 another 3,404,458 RSUs were approved with an average exercise price of nil pence and a maximum term of four years. During 2020 another 313,594 RSUs were approved with an average exercise price of nil pence and a maximum term of four years. In accordance with IFRS 2, the Group recognises a share-based payment charge from grant date until vesting date in relation to this option plan. Vesting of the RSUs are subject to continued employment. During the reporting period a total of 4,114,655 shares (2020: 2,577,833) were exercised by employees with an average exercise price of nil pence. During 2021 a total charge of £0.8 million (2020: £1.4 million) is recognised in relation to the RSU plan. All-employee incentive plan In 2019, the S4Capital Group Board approved an employee option scheme of 873,500 options, with an average exercise price of nil pence, over S4Capital Ordinary Shares for all employees employed by the S4Capital Group at 30 November 2018. Based on the number of years of service at MediaMonks Group all employees received a set amount of options over S4Capital Ordinary Shares. In accordance with IFRS 2, the Group recognises a share-based payment charge from January 2019 until vesting date in relation to this option plan. Vesting of the options are subject to continued employment. During 2021, nil costs (2020: £0.4 million) were recognised in relation to the all-employee incentive plan. 156 S4Capital Annual Report and Accounts 2021