Published on 18 Jan 2022 on Zacks via Yahoo Finance
SAP SE SAP floated a new up to €1-billion share repurchase authorization, which it will utilize to fund awards under the “Move SAP” share-based compensation scheme, going ahead.
‘Move SAP’ is the company’s employee incentivization and retention plan for long term designed to adequately compensate personnel who contribute to the company’s success and business growth. SAP had earlier used cash payments to fund these obligations stemming from the Move SAP.
From 2022 onward, the company has decided to make share-based compensation mainly in shares for new awards.