AB InBev Financial Results
New Restricted Stock Units Plan
In November 2020, Budweiser APAC set up a new RSUs plan which allows for the offer of RSUs to certain eligible
employees in certain specific circumstances, at the discretion of the Board, e.g., as a long-term incentive. The vesting
period of the RSUs is in principle between three and five years without a performance test and in the event of termination
of service before the vesting date, forfeiture rules apply. The Board may set shorter or longer periods for specific grants or
introduce performance tests similar to other programs in the company. During 2022, 14.1m RSUs with an estimated fair
value of 45m US dollar were granted under this program to a selected number of employees (2021: 10m RSUs with an
estimated fair value of 26m US dollar).
People Bet Plan
In March 2020, Budweiser APAC set up a program allowing for certain employees to purchase Budweiser APAC shares
at a discount which is aimed at providing a long-term retention incentive for high-potential employees of the company, who
are at a mid-manager level ("People bet share purchase program"). The voluntary investment in company shares leads to
the grant of an amount of matching RSUs which vest after 5 years. In the event that an employee's service is terminated
before the vesting date, special forfeiture rules apply. During 2022, 0.5m RSUs with an estimated fair value of 2m US dollar
were granted to a selected number of employees (2021: no RSUs were granted under this program).
25. Provisions
Million US dollar
Balance at 1 January 2022
Restructuring
80
Effect of movements in foreign exchange
Provisions made
Provisions used
Provisions reversed
Other movements
Balance at 31 December 2022
(5)
37
71
(37)
(23)
51
Disputes
420
(11)
Other
Total
106
605
(2)
(18)
157
(109)
32
226
(147)
(21)
(22)
(50)
(73)
436
85
572
The restructuring provisions are primarily explained by the organizational alignments - see also Note 8 Non-underlying
items. Provisions for disputes mainly relate to various disputed taxes other than income taxes and to claims from former
employees.
The provisions are expected to be settled within the following time windows:
Million US dollar
Due within one year
33
Due after one year
Total
18
51
Restructuring
10
82
93
Indirect taxes
30
105
136
Labor
Commercial
Excise duties
Other disputes
Disputes
Other provisions
Total provisions
12
54
66
2
21
23
26
92
118
81
355
436
63
22
85
176
396
572
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