/ Table – Items of compensation paid or awarded in 2022 to Michel-Alain Proch, member of the Management Board, subject to shareholder approval
| Items of compensation subject to approval | Amounts paid in respect of the past financial year (in €) | Amounts awarded in respect of the past financial year or accounting valuation (in €) | Presentation |
|---|---|---|---|
| Fixed compensation | Fixed compensation Amounts paid in respect of the past financial year (in €) 600,000 |
Fixed compensation Amounts awarded in respect of the past financial year or accounting valuation (in €)600,000 |
Fixed compensation Presentation Proportion of fixed compensation (compared to the compensation paid): 50% The rules for determining fixed compensation can be found in Section 3.2.1.7 of this document. |
| Annual variable compensation | Annual variable compensation Amounts paid in respect of the past financial year (in €) 600,000 |
Annual variable compensation Amounts awarded in respect of the past financial year or accounting valuation (in €)546,000 |
Annual variable compensation Presentation Proportion of variable compensation (compared to the compensation paid): 50% Variable compensation to be paid in 2023 for financial year 2022: After assessing the performance for each of the criteria indicated below and in accordance with the compensation policy adopted by the previous General Shareholders’ Meeting during the 2022 financial year, the Supervisory Board set the variable part of Michel-Alain Proch’s compensation at 546,000 euros gross, the payment of which will be subject to the approval of the Annual General Shareholders’ Meeting of May 31, 2023 in its seventeenth resolution in accordance with article L. 22-10-34, II of the French Commercial Code. This amount results from the following facts and assessments shown below and in the table below. |
| Multi-year variable compensation | Multi-year variable compensation Amounts paid in respect of the past financial year (in €) - |
Multi-year variable compensation Amounts awarded in respect of the past financial year or accounting valuation (in €)- |
Multi-year variable compensation Presentation N/A |
| Exceptional compensation | Exceptional compensation Amounts paid in respect of the past financial year (in €) - |
Exceptional compensation Amounts awarded in respect of the past financial year or accounting valuation (in €)- |
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 (in €) N/A |
Stock options, performance shares or any other long-term benefit (warrants, etc.) Amounts awarded in respect of the past financial year or accounting valuation (in €)1,034,496 |
Stock options, performance shares or any other long-term benefit (warrants, etc.) Presentation This amount corresponds to the valuation in the consolidated financial statements of the shares granted in 2022 to Michel-Alain Proch under the LTIP 2022 Members of the Directoire performance share plan (1). |
| Other benefits | Other benefits Amounts paid in respect of the past financial year (in €) - |
Other benefits Amounts awarded in respect of the past financial year or accounting valuation (in €)11,261 |
Other benefits Presentation This amount corresponds to Publicis Groupe’s contributions in 2022 for unemployment 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 (in €) - |
Indemnities when taking or leaving a function Amounts awarded in respect of the past financial year or accounting valuation (in €)- |
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 3.2.1.7 that may be paid to Michel-Alain Proch equates to one year of total gross compensation (fixed and variable compensation paid), subject to performance conditions, i.e., an estimated amount of 1,200,000 euros. |
| Non-compete agreement | Non-compete agreement Amounts paid in respect of the past financial year (in €) - |
Non-compete agreement Amounts awarded in respect of the past financial year or accounting valuation (in €)- |
Non-compete agreement Presentation No sum was awarded with respect to the past financial year. The non-compete payment described in Section 3.2.1.7 that may be paid to Michel-Alain Proch under her employment contract equates to 30% of gross salary, excluding variable items, i.e.an estimated amount of 180,000 euros. |
| Collective pension plan | Collective pension plan Amounts paid in respect of the past financial year (in €) 3,291 |
Collective pension plan Amounts awarded in respect of the past financial year or accounting valuation (in €)3,291 |
Collective pension plan Presentation This is the employer’s contribution to the PERCO. |
| Collective health and welfare insurance plans | Collective health and welfare insurance plans Amounts paid in respect of the past financial year (in €) 4,447 |
Collective health and welfare insurance plans Amounts awarded in respect of the past financial year or accounting valuation (in €)4,447 |
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 (in €) - |
Compensation by the Company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code Amounts awarded in respect of the past financial year or accounting valuation (in €)- |
Compensation by the Company(ies) within the scope of consolidation as per article L. 233-16 of the French Commercial Code Presentation Michel-Alain Proch has an employment contract with one of the Groupe’s subsidiaries. Michel-Alain Proch holds other offices within Groupe subsidiaries. Compensation for offices in Groupe companies is excluded by Janus, the Publicis Groupe code of conduct. Michel-Alain Proch does not receive any compensation other than that described in this document. |
(1) See details in Table 6.
(2) Benefits in kind relating to the use of a Company vehicle are not valued if they are for an immaterial amount.
