2019 Annual financial report

Chapter 6. Consolidated financial statements 2019 year

Movements in Publicis Groupe stock option plans over the last two financial years

2019

2018


Number of options

Average exercise price (in euros)

Number of options

Average exercise price (in euros)


Options at January 1st

2019

1,206,242

2018

52.76

1,387,537

52.76


Options exercised(1)

2019

-

2018

 

(99,689)

52.76


Cancelled or lapsed options

2019

(114,305)

2018

52.76

(81,606)

52.76


Options outstanding at December 31

2019

1,091,937

2018

52.76

1,206,242

52.76


Of which exercisable

2019

1,091,937

2018

52.76

1,206,242

52.76

(1) Average share price on exercise (in euros).

Publicis Groupe free share plans
Characteristics of Publicis Groupe free share plans outstanding at December 31, 2019

Plans

Date of grant initial

Shares yet to vest as of January 1, 2019 or shares granted in 2019

Shares canceled (1), lapsed or transferred (2)  in 2019

AShares vesting in 2019 (3)

Shares yet to vest at December 31, 2019

Vesting date of shares

Remaining contract life (in years)

Plans

LTIP 2015 Plan – Outside France

Date of grant initial

17/04/2015

Shares yet to vest as of January 1, 2019 or shares granted in 2019

184,947

Shares canceled (1), lapsed or transferred (2)  in 2019

(7,270)

AShares vesting in 2019 (3)

(175,177)

Shares yet to vest at December 31, 2019

2,500

Vesting date of shares

17/04/2019,(4)

Remaining contract life (in years)

-

Plans

Sapient 2015 Plan (4 years)

Date of grant initial

17/04/2015

Shares yet to vest as of January 1, 2019 or shares granted in 2019

53,791

Shares canceled (1), lapsed or transferred (2)  in 2019

13,666

AShares vesting in 2019 (3)

(67,457)

Shares yet to vest at December 31, 2019

-

Vesting date of shares

17/04/2019

Remaining contract life (in years)

-

Plans

LTIP 2016 Plan

Date of grant initial

23/06/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

299,900

Shares canceled (1), lapsed or transferred (2)  in 2019

(12,800)

AShares vesting in 2019 (3)

(287,100)

Shares yet to vest at December 31, 2019

-

Vesting date of shares

23/06/2019

Remaining contract life (in years)

-

Plans

LTIP 2016-2018 Plan “Directoire” and “Directoire +”

Date of grant initial

23/06/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

120,000

Shares canceled (1), lapsed or transferred (2)  in 2019

(60,000)

AShares vesting in 2019 (3)

(60,000)

Shares yet to vest at December 31, 2019

-

Vesting date of shares

23/06/2019

Remaining contract life (in years)

-

Plans

LionLead3 2016-2018 Plan – France

Date of grant initial

16/06/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

520,319

Shares canceled (1), lapsed or transferred (2)  in 2019

(382,154)

AShares vesting in 2019 (3)

(115,770)

Shares yet to vest at December 31, 2019

22,395

Vesting date of shares

16/06/2019(4)

Remaining contract life (in years)

-

Plans

LionLead3 2016-2018 Plan – Outside France

Date of grant initial

16/06/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

2,429,775

Shares canceled (1), lapsed or transferred (2)  in 2019

(1,861,111)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

568,664

Vesting date of shares

16/06/2020

Remaining contract life (in years)

0.46

Plans

LionLead3 2016-2018 Plan – “Directoire” and “Directoire +”

Date of grant initial

16/06/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

660,231

Shares canceled (1), lapsed or transferred (2)  in 2019

(521,037)

AShares vesting in 2019 (3)

(139,194)

Shares yet to vest at December 31, 2019

-

Vesting date of shares

23/06/2019

Remaining contract life (in years)

-

Plans

Sapient 2016 Plan (4 years)

Date of grant initial

15/04/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

135,801

Shares canceled (1), lapsed or transferred (2)  in 2019

(6,918)

AShares vesting in 2019 (3)

(69,073)

Shares yet to vest at December 31, 2019

59,810

Vesting date of shares

15/04/2020

Remaining contract life (in years)

0.29

Plans

Sapient 2016 Plan (3 years)

Date of grant initial

15/04/2016

Shares yet to vest as of January 1, 2019 or shares granted in 2019

7,980

Shares canceled (1), lapsed or transferred (2)  in 2019

3,990

AShares vesting in 2019 (3)

(11,970)

Shares yet to vest at December 31, 2019

-

Vesting date of shares

15/04/2019

Remaining contract life (in years)

-

Plans

LTIP 2017 Plan

Date of grant initial

18/05/2017

Shares yet to vest as of January 1, 2019 or shares granted in 2019

306,100

Shares canceled (1), lapsed or transferred (2)  in 2019

(26,825)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

279,275

Vesting date of shares

18/05/2020

Remaining contract life (in years)

0.38

Plans

Sapient 2017 Plan (4 years)

Date of grant initial

15/06/2017

Shares yet to vest as of January 1, 2019 or shares granted in 2019

156,607

Shares canceled (1), lapsed or transferred (2)  in 2019

(22,073)

AShares vesting in 2019 (3)

(53,049)

Shares yet to vest at December 31, 2019

81,485

Vesting date of shares

15/06/2021

Remaining contract life (in years)

1.46

Plans

Sapient 2017 Plan (3 years)

Date of grant initial

15/06/2017

Shares yet to vest as of January 1, 2019 or shares granted in 2019

241,233

Shares canceled (1), lapsed or transferred (2)  in 2019

(43,561)

AShares vesting in 2019 (3)

(6,296)

Shares yet to vest at December 31, 2019

191,376

Vesting date of shares

15/06/2020

Remaining contract life (in years)

0.46

Plans

LTIP 2018 Plan

Date of grant initial

17/04/2018

Shares yet to vest as of January 1, 2019 or shares granted in 2019

715,500

Shares canceled (1), lapsed or transferred (2)  in 2019

(388,600)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

326,900

Vesting date of shares

17/04/2021

Remaining contract life (in years)

1.30

Plans

Sapient 2018 Plan (4 years)

Date of grant initial

17/04/2018

Shares yet to vest as of January 1, 2019 or shares granted in 2019

217,527

Shares canceled (1), lapsed or transferred (2)  in 2019

(22,747)

AShares vesting in 2019 (3)

(60,701)

Shares yet to vest at December 31, 2019

134,079

Vesting date of shares

17/04/2022

Remaining contract life (in years)

2.30

Plans

Sapient 2018 Plan (3 years)

Date of grant initial

17/04/2018

Shares yet to vest as of January 1, 2019 or shares granted in 2019

269,704

Shares canceled (1), lapsed or transferred (2)  in 2019

(68,085)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

201,619

Vesting date of shares

17/04/2021

Remaining contract life (in years)

1.30

Plans

Sprint to the Future 2018-2020 – Excluding “Directoire” (5)

Date of grant initial

18/05/2018

Shares yet to vest as of January 1, 2019 or shares granted in 2019

773,440

Shares canceled (1), lapsed or transferred (2)  in 2019

(725,100)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

48,340

Vesting date of shares

01/06/2021

Remaining contract life (in years)

1.42

Plans

Sprint to the Future 2018- 2020 – “Directoire”(5)

Date of grant initial

01/06/2018

Shares yet to vest as of January 1, 2019 or shares granted in 2019

306,156

Shares canceled (1), lapsed or transferred (2)  in 2019

(306,156)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

-

Vesting date of shares

01/06/2021

Remaining contract life (in years)

1.42

Plans

LTIP 2019 Plan

Date of grant initial

28/05/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

335,950

Shares canceled (1), lapsed or transferred (2)  in 2019

(8,500)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

327,450

Vesting date of shares

28/05/2022

Remaining contract life (in years)

2.41

Plans

Sapient 2019 Plan (4 years)

Date of grant initial

28/05/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

240,210

Shares canceled (1), lapsed or transferred (2)  in 2019

(6,850)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

233,360

Vesting date of shares

28/05/2023

Remaining contract life (in years)

3.41

Plans

Sapient 2019 Plan (3 years)

Date of grant initial

28/05/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

345,289

Shares canceled (1), lapsed or transferred (2)  in 2019

(10,275)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

335,014

Vesting date of shares

28/05/2022

Remaining contract life (in years)

2.41

Plans

LTIP 2019-2021 “Directoire” Plan

Date of grant initial

14/06/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

170,000

Shares canceled (1), lapsed or transferred (2)  in 2019

-

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

170,000

Vesting date of shares

28/05/2022

Remaining contract life (in years)

2.45

Plans

Star Growth Performers Plan/Special 2019 Plan

Date of grant initial

28/05/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

262,700

Shares canceled (1), lapsed or transferred (2)  in 2019

(11,500)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

251,200

Vesting date of shares

28/05/2022

Remaining contract life (in years)

2.41

Plans

Epsilon Replacement Plan 2019

Date of grant initial

15/07/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

628,681

Shares canceled (1), lapsed or transferred (2)  in 2019

(31,546)

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

597,135

Vesting date of shares

31/03/2022

Remaining contract life (in years)

2.17

Plans

Special Retention Plan 2019

Date of grant initial

15/11/2019

Shares yet to vest as of January 1, 2019 or shares granted in 2019

765,110

Shares canceled (1), lapsed or transferred (2)  in 2019

-

AShares vesting in 2019 (3)

-

Shares yet to vest at December 31, 2019

765,110

Vesting date of shares

31/03/2023

Remaining contract life (in years)

3.25

Plans

Total free share plans

Date of grant initial

 

Shares yet to vest as of January 1, 2019 or shares granted in 2019

10,146,951

Shares canceled (1), lapsed or transferred (2)  in 2019

(4,505,452)

AShares vesting in 2019 (3)

(1,045,787)

Shares yet to vest at December 31, 2019

4,595,712

Vesting date of shares

 

Remaining contract life (in years)

 

(1) Corrections pertaining to prior cancellations were made in 2019 for the Sapient plans, potentially leading to a positive net cancellation balance.
(2) These relate to any transfers between French and foreign plans due to the geographic mobility of beneficiaries.
(3) In exceptional cases, as described in the plan regulations, shares may be delivered prior to the end of the vesting period.
(4) The delivery of shares not yet delivered at December 31, 2019 will begin in early 2020.
(5) Although the performance measurement period is not yet ended, the performances recorded for 2018 and 2019 mean that the plan objectives will not even be partly achieved. The shares initially granted are thus considered canceled, except for one participant for whom these shares will be delivered at the planned maturity date, subject solely to continued employment.