| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2)) | Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2)) 2018
|
Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2)) 2019
|
Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2)) 2020
|
Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2)) 2021
|
Member of the Management Board (Jean-Michel Etienne/Michel-Alain Proch(1)(2))2022
|
| Compensation | Compensation 2018 2,338,252 |
Compensation 2019 1,937,339 |
Compensation 2020 1,938,339 |
Compensation 2021 1,776,149 |
Compensation 20221,200,000 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +1.83% |
(Change compared with the previous financial year) 2019 -17.15% |
(Change compared with the previous financial year) 2020 +0.05% |
(Change compared with the previous financial year) 2021 -8.37% |
(Change compared with the previous financial year)2022-32.44% |
| Ratio to average employee compensation | Ratio to average employee compensation 2018 29 |
Ratio to average employee compensation 2019 23 |
Ratio to average employee compensation 2020 21 |
Ratio to average employee compensation 2021 19 |
Ratio to average employee compensation 202212 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +2.43% |
(Change compared with the previous financial year) 2019 -20.30% |
(Change compared with the previous financial year) 2020 -8.59% |
(Change compared with the previous financial year) 2021 -8.23% |
(Change compared with the previous financial year)2022-37.34% |
| Ratio to median employee compensation | Ratio to median employee compensation 2018 37 |
Ratio to median employee compensation 2019 30 |
Ratio to median employee compensation 2020 26 |
Ratio to median employee compensation 2021 25 |
Ratio to median employee compensation 202216 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +1.12% |
(Change compared with the previous financial year) 2019 -20.46% |
(Change compared with the previous financial year) 2020 -12.97% |
(Change compared with the previous financial year) 2021 -4.01% |
(Change compared with the previous financial year)2022-36.80% |
| Member of the Management Board (Anne-Gabrielle Heilbronner)(1) | Member of the Management Board (Anne-Gabrielle Heilbronner)(1) 2018
|
Member of the Management Board (Anne-Gabrielle Heilbronner)(1) 2019
|
Member of the Management Board (Anne-Gabrielle Heilbronner)(1) 2020
|
Member of the Management Board (Anne-Gabrielle Heilbronner)(1) 2021
|
Member of the Management Board (Anne-Gabrielle Heilbronner)(1)2022
|
| Compensation | Compensation 2018 1,446,863 |
Compensation 2019 1,305,027 |
Compensation 2020 1,245,027 |
Compensation 2021 1,425,027 |
Compensation 20221,212,857 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 -6.13% |
(Change compared with the previous financial year) 2019 -9.80% |
(Change compared with the previous financial year) 2020 -4.60% |
(Change compared with the previous financial year) 2021 +14.46% |
(Change compared with the previous financial year)2022-14.89% |
| Ratio to average employee compensation | Ratio to average employee compensation 2018 18 |
Ratio to average employee compensation 2019 16 |
Ratio to average employee compensation 2020 14 |
Ratio to average employee compensation 2021 16 |
Ratio to average employee compensation 202212 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 -5.58% |
(Change compared with the previous financial year) 2019 -13.24% |
(Change compared with the previous financial year) 2020 -12.84% |
(Change compared with the previous financial year) 2021 +14.62% |
(Change compared with the previous financial year)2022-21.07% |
| Ratio to median employee compensation | Ratio to median employee compensation 2018 23 |
Ratio to median employee compensation 2019 20 |
Ratio to median employee compensation 2020 17 |
Ratio to median employee compensation 2021 20 |
Ratio to median employee compensation 202216 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 -6.78% |
(Change compared with the previous financial year) 2019 -13.41% |
(Change compared with the previous financial year) 2020 -17.02% |
(Change compared with the previous financial year) 2021 +19.90% |
(Change compared with the previous financial year)2022-20.38% |
| Member of the Management Board (Steve King(1)(3)) | Member of the Management Board (Steve King(1)(3)) 2018
|
Member of the Management Board (Steve King(1)(3)) 2019
|
Member of the Management Board (Steve King(1)(3)) 2020
|
Member of the Management Board (Steve King(1)(3)) 2021
|
Member of the Management Board (Steve King(1)(3))2022
|
| Compensation | Compensation 2018 3,017,105 |
Compensation 2019 3,257,756 |
Compensation 2020 2,625,591 |
Compensation 2021 3,306,453 |
Compensation 20223,082,913 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +41.40% |
(Change compared with the previous financial year) 2019 +7.98% |
(Change compared with the previous financial year) 2020 -19.40% |
(Change compared with the previous financial year) 2021 +25.93% |
(Change compared with the previous financial year)2022-6.76% |
| Ratio to average employee compensation | Ratio to average employee compensation 2018 38 |
Ratio to average employee compensation 2019 39 |
Ratio to average employee compensation 2020 29 |
Ratio to average employee compensation 2021 36 |
Ratio to average employee compensation 202231 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +42.23% |
(Change compared with the previous financial year) 2019 +3.86% |
(Change compared with the previous financial year) 2020 -26.37% |
(Change compared with the previous financial year) 2021 +26.12% |
(Change compared with the previous financial year)2022-13.53% |
| Ratio to median employee compensation | Ratio to median employee compensation 2018 48 |
Ratio to median employee compensation 2019 50 |
Ratio to median employee compensation 2020 35 |
Ratio to median employee compensation 2021 46 |
Ratio to median employee compensation 202240 |
| (Change compared with the previous financial year) | (Change compared with the previous financial year) 2018 +40.42% |
(Change compared with the previous financial year) 2019 +3.66% |
(Change compared with the previous financial year) 2020 -29.90% |
(Change compared with the previous financial year) 2021 +31.92% |
(Change compared with the previous financial year)2022-12.78% |
(1)The 2019, 2020 and 2021 compensation of the Chairman and members of the Management Board has been amended to include the portion of the acquisition gain on vesting (i.e. 1/3 per year of performance) achieved as part of the 2019-2021 LTIP whose delivery took place in 2022.
(2)The term of office of Jean-Michel Etienne as a member of the Management Board ended on December 31, 2020, and that of Michel-Alain Proch began on January 15, 2021. The compensation for 2021 therefore includes on the one hand, the fixed compensation of Michel-Alain Proch paid in 2021 and, on the other hand, the variable compensation of Jean-Michel Etienne paid in 2021 (in respect of 2020). The amount of the vesting gain made under the 2019-2021 LTIP by Jean-Michel Etienne was reinstated, before application of the prorata temporis, in the CFO’s 2019, 2020 and 2021 compensation.
(3) Steve King’s 2022 compensation was annualized for the calculation of the ratios.
With the increase between 2021 and 2022 in the average (+8%) and median (+7%) annual compensation of the Groupe’s employees, the equity ratios for the 2022 financial year are down compared to those of 2021. It should be noted that the delivery of the shares under the LTIP Directoire 2019-2021 in 2022 had an upward impact on the equity ratios for 2019, 2020 and 2021 of the Chairman and members of the Management Board, and not the ratios for 2022, in accordance with the method used by the Groupe to determine and value the components of compensation.
Position-recommendation 2021-02 of the AMF and the Afep-Medef Corporate Governance Code recommends a standardized presentation of the compensation of executive corporate officers of companies whose securities are traded on a regulated market.
