Universal Registration Document 2023

3. Governance and Compensation - AFR

Type of plan LTIP Président du Directoire
Vesting in the LTIP 2023 Président du Directoire
  • 1st in the reference group: 124% of shares delivered
  • ≥ the weighted average of the reference group: 100% of shares delivered
  • Between 80% and 100%: the number of shares awarded is reduced by 5% for each 1% of performance recorded below 100%
  • < 80% of the reference group average: no shares delivered
  • Highest operating margin rate and +x bp of the Objective (1): 124% of shares delivered
  • Highest operating margin rate compared to the reference group: 100% of the shares delivered
  • Margin in 2nd position: 80% of the shares delivered
  • Margin in 3rd or 4th position: no shares delivered
  • ≥ upper quartile of the CAC 40: 100% of shares delivered
  • Ranking between the median and the upper quartile: straight‑line acquisition between 50% and 100% of the shares delivered
  • Below the median: no shares delivered
  • 100% of the shares delivered if the trajectory on the following priorities is met:
    • Diversity, equity and inclusion (45% of women holding key management positions by 2025)
    • Combating climate change (100% renewable energy by 2030, with an indicative checkpoint of 65% in 2025).
Vesting in the LTIP 2024 Président du Directoire Same Same Same
  • Diversity, equity and inclusion: 46% women in the most important Executive Committees by end‑2026
  • Combating climate change: same, with an indicative checkpoint of 85% in 2026
Performance period Following a three‑year period at the end of which performance is calculated