It should be noted that the fixed, variable and extraordinary items of compensation are subject to the approval of the Ordinary General Shareholders’ Meeting in accordance with the provisions of article L. 22-10-34, II of the French Commercial Code.
These fixed, variable and extraordinary items within the total compensation and the benefits of any kind paid during the past financial year or awarded with respect to the same financial year to Anne-Gabrielle Heilbronner, member of the Management Board, are subject to the approval of the General Shareholders’ Meeting of May 26, 2021 in its eighteenth resolution pursuant to article L. 22-10-34 (II) of the French Commercial Code.
Items of compensation subject to approval | Amounts paid in respect of the past financial year | PresentationAmounts awarded in respect of the past financial year or accounting valuation | Presentation |
|---|---|---|---|
Fixed compensation | Fixed compensation Amounts paid in respect of the past financial year 540,000 | Fixed compensation PresentationAmounts awarded in respect of the past financial year or accounting valuation 600,000 | Fixed compensation Presentation Proportion of fixed compensation: 52.94% The previous Shareholders’ Meeting approved the compensation of Anne-Gabrielle Heilbronner, set at euro 600,000, while being informed of Anne-Gabrielle Heilbronner’s decision to waive 20% of her fixed compensation for a period of six months from April 2020, which resulted in the payment of annual compensation of euro 540,000 for the 2020 financial year. The rules for determining the fixed compensation can be found in Section 3.2.1.6 of this document. |
Annual variable compensation | Annual variable compensation Amounts paid in respect of the past financial year 480,000 | Annual variable compensation PresentationAmounts awarded in respect of the past financial year or accounting valuation 600,000 | Annual variable compensation Presentation Proportion of variable compensation: 47.06% Variable compensation to be paid in 2021 for financial year 2020: After reviewing the performance achieved for each of the criteria indicated below and in accordance with the compensation policy adopted by the previous Shareholders’ Meeting during the 2020 financial year, the Supervisory Board set the variable compensation of Anne-Gabrielle Heilbronner at euro 600,000 gross, the payment of which will be subject to the approval of the General Shareholders’ Meeting of May 26, 2021 in its eighteenth resolution pursuant to article |
Multi-year variable compensation | Multi-year variable compensation Amounts paid in respect of the past financial year - | Multi-year variable compensation PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Multi-year variable compensation Presentation N/A |
Exceptional compensation | Exceptional compensation Amounts paid in respect of the past financial year - | Exceptional compensation PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Exceptional compensation Presentation N/A |
Stock options, performance shares or any other long-term benefit (warrants, etc.) | Stock options, performance shares or any other long-term benefit (warrants, etc.) Amounts paid in respect of the past financial year N/A | Stock options, performance shares or any other long-term benefit (warrants, etc.) PresentationAmounts awarded in respect of the past financial year or accounting valuation 288,600 | Stock options, performance shares or any other long-term benefit (warrants, etc.) Presentation This amount represents the maximum annual valuation in the consolidated financial statements of the performance shares awarded in 2019 to Anne-Gabrielle Heilbronner under the LTIP 2019-2021 Directoire performance share plan described in Section 3.2.1.4. In 2019, it was decided to award her 20,000 shares subject to continued presence and performance conditions covering the period 2019-2021 (i.e. 6,667 shares subject to continued presence and performance conditions per year)(1). |
Other benefits | Other benefits Amounts paid in respect of the past financial year 12,357 | Other benefits PresentationAmounts awarded in respect of the past financial year or accounting valuation 12,357 | Other benefits Presentation This amount corresponds to the cost to the Publicis Groupe of job-loss insurance. The use of one of the Company cars(2). |
Indemnities when taking or leaving a function | Indemnities when taking or leaving a function Amounts paid in respect of the past financial year - | Indemnities when taking or leaving a function PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Indemnities when taking or leaving a function Presentation No sum was awarded with respect to the past financial year. The severance payment described in Section 3.2.1.6 that may be paid to Anne-Gabrielle Heilbronner equates to one year of total gross compensation (fixed and variable compensation paid), subject to performance conditions, i.e. an estimated amount of euro 1,032,356. |
Non-compete agreement | Non-compete agreement Amounts paid in respect of the past financial year - | Non-compete agreement PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Non-compete agreement Presentation No sum was awarded with respect to the past financial year. The non-compete payment described in Section 3.2.1.6 that may be paid to Anne-Gabrielle Heilbronner under her employment contract equates to 30% of gross salary, excluding variable items, i.e. an estimated amount of euro 180,000. |
Supplementary pension plan | Supplementary pension plan Amounts paid in respect of the past financial year - | Supplementary pension plan PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Supplementary pension plan Presentation N/A |
Collective health and welfare insurance plans | Collective health and welfare insurance plans Amounts paid in respect of the past financial year 4,653 | Collective health and welfare insurance plans PresentationAmounts awarded in respect of the past financial year or accounting valuation 4,653 | Collective health and welfare insurance plans Presentation This is the employer’s contribution to the collective health and welfare insurance plans. |
Compensation by the company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code | Compensation by the company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code Amounts paid in respect of the past financial year - | Compensation by the company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code PresentationAmounts awarded in respect of the past financial year or accounting valuation - | Compensation by the company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code Presentation Anne-Gabrielle Heilbronner continues to benefit from an employment contract with one of the Groupe’s subsidiaries. Anne-Gabrielle Heilbronner holds other positions in Groupe subsidiaries. Compensation from positions in Groupe companies is excluded by Janus, the code of conduct of Publicis Groupe. Anne-Gabrielle Heilbronner does not receive compensation other than that detailed in this document. |
(1) In accordance with the Company’s usual practice, performance share plans that are awarded every three years are broken down in thirds over the three years in which the performance is assessed.
(2) Benefits in kind relating to the use of a company-provided vehicle are not mentioned if they are for an immaterial amount.
