Universal Registration Document 2021

Chapter 3. Governance and compensation

/ Table 10 (AMF nomenclature) history of free share allocations (vested and/or unvested plans in 2021)
  Sapient Plan 2017(1) LTIP 2018(3) Sapient Plan 2018(4) Sprint to the Future (cancelled)(5) LTIP 2019(6) 2019 Special Plan(7) Plan Sapient 2019(8) LTIP 2019-2021(9) (10) Epilson Remplacement Plan(11) Special Retention Plan(12) sapient Plan 2020(13) Epsilon LTI 2020(14) LTIP 2021 and other specific plans(15) LTIP 2021 Directoire(16) Epsilon LTI 2021(17) Plan Sapient 2021(18)
Date of authorization
by the Extraordinary General Shareholders’ Meeting (EGM)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Sapient Plan 2017

(1)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

LTIP 2018

(3)
25/05/2016

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Sapient Plan 2018

(4)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Sprint to the Future (cancelled)(5)25/05/2016

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

LTIP 2019

(6)
30/05/2018

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

2019 Special Plan

(7)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Plan Sapient 2019

(8)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

LTIP 2019-2021

(9) (10)
30/05/2018

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Epilson Remplacement Plan

(11)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Special Retention Plan

(12)
30/05/2018

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

sapient Plan 2020

(13)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Epsilon LTI 2020

(14)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

LTIP 2021 and other specific plans

(15)
30/05/201826/05/2021

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

LTIP 2021 Directoire

(16)
30/05/2018

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Epsilon LTI 2021

(17)
n/a(2)

Date of authorization


by the Extraordinary General Shareholders’ Meeting (EGM)

Plan Sapient 2021

(18)
n/a(2)
Date of Management Board meeting Date of Management Board meeting

Sapient Plan 2017

(1)
15/06/2017
Date of Management Board meeting

LTIP 2018

(3)
17/04/2018
Date of Management Board meeting

Sapient Plan 2018

(4)
17/04/2018
Date of Management Board meetingSprint to the Future (cancelled)(5)18/05/2018 Date of Management Board meeting

LTIP 2019

(6)
28/05/2019
Date of Management Board meeting

2019 Special Plan

(7)
28/05/2019
Date of Management Board meeting

Plan Sapient 2019

(8)
28/05/2019
Date of Management Board meeting

LTIP 2019-2021

(9) (10)
14/06/2019
Date of Management Board meeting

Epilson Remplacement Plan

(11)
15/07/2019
Date of Management Board meeting

Special Retention Plan

(12)
15/11/2019
Date of Management Board meeting

sapient Plan 2020

(13)
19/05/2020
Date of Management Board meeting

Epsilon LTI 2020

(14)
20/07/2020
Date of Management Board meeting

LTIP 2021 and other specific plans

(15)
16/03/202115/09/2021
Date of Management Board meeting

LTIP 2021 Directoire

(16)
16/03/2021
Date of Management Board meeting

Epsilon LTI 2021

(17)
16/03/2021
Date of Management Board meeting

Plan Sapient 2021

(18)
13/04/2021
Total number of free shares awarded Total number of free shares awarded

Sapient Plan 2017

(1)
528,000
Total number of free shares awarded

LTIP 2018

(3)
746,800
Total number of free shares awarded

Sapient Plan 2018

(4)
516,372
Total number of free shares awardedSprint to the Future (cancelled)(5)1,079,596 Total number of free shares awarded

LTIP 2019

(6)
335,950
Total number of free shares awarded

2019 Special Plan

(7)
262,700
Total number of free shares awarded

Plan Sapient 2019

(8)
585,499
Total number of free shares awarded

LTIP 2019-2021

(9) (10)
170,000
Total number of free shares awarded

Epilson Remplacement Plan

(11)
628,681
Total number of free shares awarded

Special Retention Plan

(12)
765,110
Total number of free shares awarded

sapient Plan 2020

(13)
585,503
Total number of free shares awarded

Epsilon LTI 2020

(14)
1,264,420
Total number of free shares awarded

LTIP 2021 and other specific plans

(15)
590,391
Total number of free shares awarded

LTIP 2021 Directoire

(16)
151,577
Total number of free shares awarded

Epsilon LTI 2021

(17)
632,348
Total number of free shares awarded

Plan Sapient 2021

(18)
604,474
Total number of free shares awarded to corporate officers Total number of free shares awarded to corporate officers

Sapient Plan 2017

(1)

 

Total number of free shares awarded to corporate officers

LTIP 2018

(3)
-
Total number of free shares awarded to corporate officers

Sapient Plan 2018

(4)
-
Total number of free shares awarded to corporate officersSprint to the Future (cancelled)(5)306,156 Total number of free shares awarded to corporate officers

LTIP 2019

(6)
-
Total number of free shares awarded to corporate officers

2019 Special Plan

(7)
-
Total number of free shares awarded to corporate officers

Plan Sapient 2019

(8)

 

Total number of free shares awarded to corporate officers

LTIP 2019-2021

(9) (10)
170,000
Total number of free shares awarded to corporate officers

Epilson Remplacement Plan

(11)
-
Total number of free shares awarded to corporate officers

Special Retention Plan

(12)
-
Total number of free shares awarded to corporate officers

sapient Plan 2020

(13)
-
Total number of free shares awarded to corporate officers

Epsilon LTI 2020

(14)
-
Total number of free shares awarded to corporate officers

LTIP 2021 and other specific plans

(15)
-
Total number of free shares awarded to corporate officers

LTIP 2021 Directoire

(16)
151,577
Total number of free shares awarded to corporate officers

Epsilon LTI 2021

(17)
-
Total number of free shares awarded to corporate officers

Plan Sapient 2021

(18)
-
  • Arthur Sadoun
  • Arthur Sadoun

Sapient Plan 2017

(1)
-
  • Arthur Sadoun

LTIP 2018

(3)
-
  • Arthur Sadoun

Sapient Plan 2018

(4)
-
  • Arthur Sadoun
Sprint to the Future (cancelled)(5)96,681
  • Arthur Sadoun

LTIP 2019

(6)
-
  • Arthur Sadoun

2019 Special Plan

(7)
-
  • Arthur Sadoun

Plan Sapient 2019

(8)

 

  • Arthur Sadoun

LTIP 2019-2021

(9) (10)
60,000
  • Arthur Sadoun

Epilson Remplacement Plan

(11)
-
  • Arthur Sadoun

Special Retention Plan

(12)
-
  • Arthur Sadoun

sapient Plan 2020

(13)
-
  • Arthur Sadoun

Epsilon LTI 2020

(14)
-
  • Arthur Sadoun

LTIP 2021 and other specific plans

(15)
-
  • Arthur Sadoun

LTIP 2021 Directoire

(16)
61,237
  • Arthur Sadoun

Epsilon LTI 2021

(17)
-
  • Arthur Sadoun

Plan Sapient 2021

(18)
-
  • Jean-Michel Étienne
  • Jean-Michel Étienne

Sapient Plan 2017

(1)
-
  • Jean-Michel Étienne

LTIP 2018

(3)
-
  • Jean-Michel Étienne

Sapient Plan 2018

(4)
-
  • Jean-Michel Étienne
Sprint to the Future (cancelled)(5)64,454
  • Jean-Michel Étienne

LTIP 2019

(6)
-
  • Jean-Michel Étienne

2019 Special Plan

(7)
-
  • Jean-Michel Étienne

Plan Sapient 2019

(8)

 

  • Jean-Michel Étienne

LTIP 2019-2021

(9) (10)
40,000
  • Jean-Michel Étienne

Epilson Remplacement Plan

(11)
-
  • Jean-Michel Étienne

Special Retention Plan

(12)
-
  • Jean-Michel Étienne

sapient Plan 2020

(13)
-
  • Jean-Michel Étienne

Epsilon LTI 2020

(14)
-
  • Jean-Michel Étienne

LTIP 2021 and other specific plans

(15)
-
  • Jean-Michel Étienne

LTIP 2021 Directoire

(16)
-
  • Jean-Michel Étienne

Epsilon LTI 2021

(17)
-
  • Jean-Michel Étienne

Plan Sapient 2021

(18)
-
  • Anne-Gabrielle Heilbronner
  • Anne-Gabrielle Heilbronner

Sapient Plan 2017

(1)
-
  • Anne-Gabrielle Heilbronner

LTIP 2018

(3)
-
  • Anne-Gabrielle Heilbronner

Sapient Plan 2018

(4)
-
  • Anne-Gabrielle Heilbronner
Sprint to the Future (cancelled)(5)64,454
  • Anne-Gabrielle Heilbronner

LTIP 2019

(6)
-
  • Anne-Gabrielle Heilbronner

2019 Special Plan

(7)
-
  • Anne-Gabrielle Heilbronner

Plan Sapient 2019

(8)

 

  • Anne-Gabrielle Heilbronner

LTIP 2019-2021

(9) (10)
20,000
  • Anne-Gabrielle Heilbronner

Epilson Remplacement Plan

(11)
-
  • Anne-Gabrielle Heilbronner

Special Retention Plan

(12)
-
  • Anne-Gabrielle Heilbronner

sapient Plan 2020

(13)
-
  • Anne-Gabrielle Heilbronner

Epsilon LTI 2020

(14)
-
  • Anne-Gabrielle Heilbronner

LTIP 2021 and other specific plans

(15)
-
  • Anne-Gabrielle Heilbronner

LTIP 2021 Directoire

(16)
24,495
  • Anne-Gabrielle Heilbronner

Epsilon LTI 2021

(17)
-
  • Anne-Gabrielle Heilbronner

Plan Sapient 2021

(18)
-
  • Steve King
  • Steve King

Sapient Plan 2017

(1)
-
  • Steve King

LTIP 2018

(3)
-
  • Steve King

Sapient Plan 2018

(4)
-
  • Steve King
Sprint to the Future (cancelled)(5)80,567
  • Steve King

LTIP 2019

(6)
-
  • Steve King

2019 Special Plan

(7)
-
  • Steve King

Plan Sapient 2019

(8)

 

  • Steve King

LTIP 2019-2021

(9) (10)
50,000
  • Steve King

Epilson Remplacement Plan

(11)
-
  • Steve King

Special Retention Plan

(12)
-
  • Steve King

sapient Plan 2020

(13)
-
  • Steve King

Epsilon LTI 2020

(14)
-
  • Steve King

LTIP 2021 and other specific plans

(15)
-
  • Steve King

LTIP 2021 Directoire

(16)
41,350
  • Steve King

Epsilon LTI 2021

(17)
-
  • Steve King

Plan Sapient 2021

(18)
-
  • Michel-Alain Proch
  • Michel-Alain Proch

Sapient Plan 2017

(1)
-
  • Michel-Alain Proch

LTIP 2018

(3)
-
  • Michel-Alain Proch

Sapient Plan 2018

(4)
-
  • Michel-Alain Proch
Sprint to the Future (cancelled)(5)-
  • Michel-Alain Proch

LTIP 2019

(6)
-
  • Michel-Alain Proch

2019 Special Plan

(7)
-
  • Michel-Alain Proch

Plan Sapient 2019

(8)

 

  • Michel-Alain Proch

LTIP 2019-2021

(9) (10)
-
  • Michel-Alain Proch

Epilson Remplacement Plan

(11)
-
  • Michel-Alain Proch

Special Retention Plan

(12)
-
  • Michel-Alain Proch

sapient Plan 2020

(13)
-
  • Michel-Alain Proch

Epsilon LTI 2020

(14)
-
  • Michel-Alain Proch

LTIP 2021 and other specific plans

(15)
-
  • Michel-Alain Proch

LTIP 2021 Directoire

(16)
24,495
  • Michel-Alain Proch

Epsilon LTI 2021

(17)

 

  • Michel-Alain Proch

Plan Sapient 2021

(18)

 

Vesting date of shares

Vesting date of shares

Sapient Plan 2017

(1)
16/06/2018 16/06/2021

Vesting date of shares

LTIP 2018

(3)
17/04/2021

Vesting date of shares

Sapient Plan 2018

(4)
17/04/2019 17/04/2022

Vesting date of shares

Sprint to the Future (cancelled)(5)20/12/2021

Vesting date of shares

LTIP 2019

(6)
28/05/2022

Vesting date of shares

2019 Special Plan

(7)
28/05/2022

Vesting date of shares

Plan Sapient 2019

(8)

28/05/2020

28/05/2023

Vesting date of shares

LTIP 2019-2021

(9) (10)
14/06/2022

Vesting date of shares

Epilson Remplacement Plan

(11)

31/03/2020

31/03/2022

Vesting date of shares

Special Retention Plan

(12)
16/03/2024

Vesting date of shares

sapient Plan 2020

(13)

19/05/2021

19/05/2024

Vesting date of shares

Epsilon LTI 2020

(14)

31/03/2021

31/03/2023

Vesting date of shares

LTIP 2021 and other specific plans

(15)

16/03/2024

15/09/2024

Vesting date of shares

LTIP 2021 Directoire

(16)
16/03/2024

Vesting date of shares

Epsilon LTI 2021

(17)

31/03/2022

31/03/2024

Vesting date of shares

Plan Sapient 2021

(18)

13/04/2022

13/04/2025

End of retention period End of retention period

Sapient Plan 2017

(1)
n/a
End of retention period

LTIP 2018

(3)
n/a
End of retention period

Sapient Plan 2018

(4)
n/a
End of retention periodSprint to the Future (cancelled)(5)n/a End of retention period

LTIP 2019

(6)
n/a
End of retention period

2019 Special Plan

(7)
n/a
End of retention period

Plan Sapient 2019

(8)
n/a
End of retention period

LTIP 2019-2021

(9) (10)
n/a
End of retention period

Epilson Remplacement Plan

(11)
n/a
End of retention period

Special Retention Plan

(12)
n/a
End of retention period

sapient Plan 2020

(13)
n/a
End of retention period

Epsilon LTI 2020

(14)
n/a
End of retention period

LTIP 2021 and other specific plans

(15)
n/a
End of retention period

LTIP 2021 Directoire

(16)
n/a
End of retention period

Epsilon LTI 2021

(17)
n/a
End of retention period

Plan Sapient 2021

(18)
n/a
Total number of shares vested as of 12/31/2021 Total number of shares vested as of 12/31/2021

Sapient Plan 2017

(1)
(349,955)
Total number of shares vested as of 12/31/2021

LTIP 2018

(3)
(296,350)
Total number of shares vested as of 12/31/2021

Sapient Plan 2018

(4)
(285,853)
Total number of shares vested as of 12/31/2021Sprint to the Future (cancelled)(5)(48,340) Total number of shares vested as of 12/31/2021

LTIP 2019

(6)

 

Total number of shares vested as of 12/31/2021

2019 Special Plan

(7)
-
Total number of shares vested as of 12/31/2021

Plan Sapient 2019

(8)
(103,516)
Total number of shares vested as of 12/31/2021

LTIP 2019-2021

(9) (10)
-
Total number of shares vested as of 12/31/2021

Epilson Remplacement Plan

(11)
(289,111)
Total number of shares vested as of 12/31/2021

Special Retention Plan

(12)

 

Total number of shares vested as of 12/31/2021

sapient Plan 2020

(13)
(53,156)
Total number of shares vested as of 12/31/2021

Epsilon LTI 2020

(14)
(184,123)
Total number of shares vested as of 12/31/2021

LTIP 2021 and other specific plans

(15)
-
Total number of shares vested as of 12/31/2021

LTIP 2021 Directoire

(16)
-
Total number of shares vested as of 12/31/2021

Epsilon LTI 2021

(17)
-
Total number of shares vested as of 12/31/2021

Plan Sapient 2021

(18)
-
Total number of free shares canceled or lapsed at 12/31/2021 Total number of free shares canceled or lapsed at 12/31/2021

Sapient Plan 2017

(1)
(178,045)
Total number of free shares canceled or lapsed at 12/31/2021

LTIP 2018

(3)
(450,450)
Total number of free shares canceled or lapsed at 12/31/2021

Sapient Plan 2018

(4)
(194,258)
Total number of free shares canceled or lapsed at 12/31/2021Sprint to the Future (cancelled)(5)(1,031,256) Total number of free shares canceled or lapsed at 12/31/2021

LTIP 2019

(6)
(196,725)
Total number of free shares canceled or lapsed at 12/31/2021

2019 Special Plan

(7)
(50,617)
Total number of free shares canceled or lapsed at 12/31/2021

Plan Sapient 2019

(8)
(179,833)
Total number of free shares canceled or lapsed at 12/31/2021

LTIP 2019-2021

(9) (10)
(9,927)
Total number of free shares canceled or lapsed at 12/31/2021

Epilson Remplacement Plan

(11)
(187581)
Total number of free shares canceled or lapsed at 12/31/2021

Special Retention Plan

(12)
(273,185)
Total number of free shares canceled or lapsed at 12/31/2021

sapient Plan 2020

(13)
(89,026)
Total number of free shares canceled or lapsed at 12/31/2021

Epsilon LTI 2020

(14)
(681,319)
Total number of free shares canceled or lapsed at 12/31/2021

LTIP 2021 and other specific plans

(15)
(18,632)
Total number of free shares canceled or lapsed at 12/31/2021

LTIP 2021 Directoire

(16)
-
Total number of free shares canceled or lapsed at 12/31/2021

Epsilon LTI 2021

(17)
(32,521)
Total number of free shares canceled or lapsed at 12/31/2021

Plan Sapient 2021

(18)
(36,751)
Number of free shares outstanding at 12/31/2021 Number of free shares outstanding at 12/31/2021

Sapient Plan 2017

(1)
-
Number of free shares outstanding at 12/31/2021

LTIP 2018

(3)
-
Number of free shares outstanding at 12/31/2021

Sapient Plan 2018

(4)
36,261
Number of free shares outstanding at 12/31/2021Sprint to the Future (cancelled)(5)- Number of free shares outstanding at 12/31/2021

LTIP 2019

(6)
139,225
Number of free shares outstanding at 12/31/2021

2019 Special Plan

(7)
212,083
Number of free shares outstanding at 12/31/2021

Plan Sapient 2019

(8)
302,150
Number of free shares outstanding at 12/31/2021

LTIP 2019-2021

(9) (10)
160,073
Number of free shares outstanding at 12/31/2021

Epilson Remplacement Plan

(11)
151,989
Number of free shares outstanding at 12/31/2021

Special Retention Plan

(12)
491,925
Number of free shares outstanding at 12/31/2021

sapient Plan 2020

(13)
443,321
Number of free shares outstanding at 12/31/2021

Epsilon LTI 2020

(14)
398,978
Number of free shares outstanding at 12/31/2021

LTIP 2021 and other specific plans

(15)
571,759
Number of free shares outstanding at 12/31/2021

LTIP 2021 Directoire

(16)
151,577
Number of free shares outstanding at 12/31/2021

Epsilon LTI 2021

(17)
599,827
Number of free shares outstanding at 12/31/2021

Plan Sapient 2021

(18)
567,723
  • (1) The Sapient Plan 2017 consists of two different plans. One plan is subject only to continued employment, and gives rise to the delivery of one-quarter of the shares awarded on the anniversary dates of the first four years of the plan (i.e. June 2018, 2019, 2020 and 2021). The second plan was subject to, in addition to the continued presence condition, performance conditions based on Publicis Sapient’s operating margin and revenue growth, such that the total number of shares delivered depended on the level of achievement of targets for 2017, 2018 and 2019. The shares ultimately awarded in accordance with the level of attainment of these performance targets were delivered at the end of a three-year period, i.e. in June 2020.
  • (2) Allocations made outside the provisions of the French Commercial Code (“non-qualified” plans).
  • (3) The vesting of shares under the LTIP 2018 is subject to presence and performance conditions. The performance conditions of the plan are based on the achievement of an organic growth rate and an operating margin rate compared to a group of competitors, such that the number of shares to be delivered at the end of the three-year vesting period, i.e. in April 2021, depended on the level of achievement of these objectives for the year 2018.
  • (4) The Sapient Plan 2018 consists of two different plans. One plan is subject only to continued employment, and gives rise to the delivery of one-quarter of the shares awarded on the anniversary dates of the first four years of the plan (i.e. April 2019, 2020, 2021 and 2022). The second plan was subject to, in addition to the continued presence condition, performance conditions based on Publicis Sapient’s operating margin and revenue growth, such that the total number of shares delivered depended on the level of achievement of targets for 2018, 2019 and 2020. The shares ultimately awarded in accordance with the level of attainment of these performance targets were delivered at the end of a three-year period, i.e. in April 2021.
  • (5) The Sprint to the Future Plan was a one-off award of performance share covering the 2018-2020 period and offered to 20 key Groupe managers. The condition for achieving the organic Groupe revenue growth target (2018-2020 average) could not be satisfied given the performance levels already recorded for 2018 and 2019. Unless otherwise stated, failure to satisfy this condition resulted in a loss as from July 2019 of all entitlement to shares awarded at the outset of the plan.
  • (6) The vesting of shares under the LTIP 2019 is subject to presence and performance conditions. The performance conditions of the plan are based on the achievement of an organic growth rate and an operating margin rate compared to a group of competitors, such that the number of shares to be delivered at the end of the three-year vesting period, in May 2022, will depend on the level of achievement of these objectives for the year 2019.
  • (7) The Special Plan is a retention plan conditional only upon continued employment and introduced for certain employees with a direct impact on growth.
  • (8) The Sapient Plan 2019 consists of two different plans. One plan is conditional upon continued employment only and gives rise to the delivery of one-quarter of the shares awarded on the dates of the first four anniversaries of the plan (i.e. in May 2020,2021, 2022 and 2023). The second plan is subject, in addition to the continued presence condition, to performance conditions based on Publicis Sapient’s operating margin and revenue growth budgets, such that the total number of shares delivered will depend on the level of achievement of targets for the years 2019, 2020 and 2021. The shares ultimately awarded in accordance with the level of attainment of these performance targets will be deliverable at the end of a three-year period, i.e. in May 2022.
  • (9) The LTIP 2019-2021 plan is specifically for the benefit of the members of the Management Board. The acquisition of Publicis Groupe share sunder this plan is subject to performance criteria that are measured following a three-year period (2019-2021), such that the total number of shares delivered will depend on the level of achievement of financial performance objectives, namely achieving a certain rate of organic growth and an operating margin compared to a peer group of companies competing with Publicis Groupe. Some of the shares allocated are also subject to a condition based on a CSR (Corporate Social Responsibility) criterion. The number of shares actually awarded is determined in accordance with the level of attainment of these performance targets. In addition, the vesting of shares is also subject to the fulfillment of a condition of continued presence during the three-year vesting period., i.e. in June 2022.
  • (10) The canceled shares result from the application of the pro-rated performance shares initially granted to Jean-Michel Etienne, as approved by the Supervisory Board (on the recommendation of the Compensation Committee) in accordance with the compensation policy.
  • (11) Awards consisting of replacements for awards made by the ADS group in 2019 that had lapsed as a result of Epsilon’s acquisition by Publicis Groupe. The shares granted are subject to a presence condition for20% and a performance condition for80% (based on the annual operating margin and net revenue budgets of the Epsilon entities). Shares vest in tranches over the three years of the plan (i.e. in March 2020, 2021 and 2022).
  • (12) Retention plan offered to 10 Groupe managers. The shares are subject to individualized performance conditions for 2020 to 2022. The cancellation of the Special Retention Plan was presented to the Management Board on December 16, 2020. The awards of the Special Retention Plan will be replaced by new LTIPs from2021. The shares in the second tranche correspond to those allocated under the new LTIP 2021 plan. The shares of the third tranche were kept at the same level as the initial plan. The initial vesting date (03/31/2023) has been extended and aligned with that of the LTIP 2021.
  • (13) The Sapient Plan 2020 consists of two different plans. One plan is conditional only upon continued employment and gives rise to the delivery of one-quarter of the shares awarded on the dates of the first four anniversaries of the plan (i.e. in May 2021, 2022, 2023 and 2024). The second plan is subject, in addition to the continued presence condition, to performance conditions based on Publicis Sapient’s operating margin and revenue growth budgets, such that the total number of shares delivered will depend on the level of achievement of targets for the years 2020, 2021 and 2022. The shares ultimately awarded in accordance with the level of attainment of these performance targets will be deliverable at the end of a three-year period, i.e. in May 2023.
  • (14) The shares granted are subject to a presence condition for 20% and a performance condition for 80% (based on the annual operating margin and net revenue budgets of the Epsilon entities). The shares are vested and delivered in tranches for the three years of the plan (i.e. in March 2021 for 30% of the shares granted, in March 2022 for 30% of the shares granted and in March 2023 for 40% of the shares granted).
  • (15) Excluding beneficiaries of the Special Retention Plan for whom the shares remain presented in the initial plan. The vesting of shares under the LTIP 2021 is subject to performance criteria measured for 2021, such that the total number of shares delivered will depend on the level of achievement of financial performance targets, i.e. the achievement of an organic growth rate and an operating margin rate compared to a reference group of competitors. Some of the shares allocated are also subject to a condition based on a CSR (Corporate Social Responsibility) criterion. The number of shares actually awarded is determined in accordance with the level of attainment of these performance targets. In addition, the vesting of shares is also subject to a presence condition during the three-year vesting period, i.e. in March 2024 (September 2024 for the specific individual plan).
  • (16) The acquisition of Publicis Groupe shares under this plan is subject to performance criteria that are measured following a three-year period (2021-2023), such that the total number of shares delivered will depend on the level of achievement of financial performance objectives, namely achieving a certain rate of organic growth and an operating margin compared to a peer group of companies competing with Publicis Groupe. Some of the shares allocated are also subject to a condition based on a CSR (Corporate Social Responsibility) criterion. The number of shares actually awarded is determined in accordance with the level of attainment of these performance targets. In addition, the vesting of shares is also subject to the fulfillment of a condition of continued presence during the three-year vesting period., i.e. in March 2024.
  • (17) The shares granted are subject to a presence condition for20% and a performance condition for 80% (based on the annual operating margin and net revenue budgets of the Epsilon entities). The shares are vested and delivered in tranches for the three years of the plan (i.e. in March 2022 for 30% of the shares granted, in March 2023 for 30% of the shares granted and in March 2024 for 40% of the shares granted)
  • (18) The Sapient Plan 2021 consists of two different plans. One plan is conditional only upon continued employment and gives rise to the delivery of one-quarter of the shares awarded on the dates of the first four anniversaries of the plan (i.e. April 2022, 2023, 2024 and 2025). The second plan is subject, in addition to the continued presence condition, to performance conditions based on Publicis Sapient’s annual operating margin and revenue growth, such that the total number of shares delivered after a three-year period, in April 2014, will depend on the level of achievement of the objectives for 2021.