The ratios presented below pursuant to French Order no. 2019-1234 of November 27, 2019 have been calculated on the basis of the median and average compensation paid to Company employees during the 2020 to 2024 financial years.
In 2024, Publicis Groupe SA employed only one person. In 2024, the ratio determined at the level of Publicis Groupe SA was 25 compared to the compensation of Mr. Maurice Lévy, Chair of the Supervisory Board until May 29, 2024, 189 compared to the compensation of Mr. Arthur Sadoun, Chair of the Management Board until May 29, 2024 then Chair and Chief Executive Officer from that date, 58 in relation to the compensation of the Groupe Chief Financial Officer, and 65 in relation to the compensation of the Groupe Secretary General and members of the Management Board until May 29, 2024.
Pursuant to recommendation 27.2 of the Afep-Medef Corporate Governance Code, and in line with article L. 22-10-9, I (6) and (7) of the French Commercial Code, Publicis Groupe has decided to publish in detail the ratios required by law on an expanded scope, representative of the Groupe’s business in France, to which have been added the workforce of all Groupe companies in the United States and the United Kingdom. This scope is economically relevant insofar as it represents the bulk of the Groupe’s payroll (73%) and Groupe revenue (74%), the remainder being spread across other countries worldwide. As a result, the publication of the ratios required on the basis of this expanded scope makes it possible to provide clear information that fully meets the objective of transparency regarding compensation gaps. A scope restricted to France has also been excluded, as it accounts for only 6% of the Groupe’s revenue and of the Groupe’s payroll, and is not representative of its business.
The compensation of the Chair and Chief Executive Officer and employees used for the purposes of the table below includes all items of compensation (fixed and variable) and benefits of any kind paid during the 2020 to 2024 financial years. Only recurring compensation items are included in the 2024 compensation items. The method used to determine and value the items of compensation for the Chair and Chief Executive Officer and employees is harmonized.
By analogy, share-based compensation has been taken into account at its acquisition value (i.e. the number of shares vested during the relevant financial year multiplied by the share price on the vesting date, less any acquisition price paid) in respect of the 2020 to 2024 financial years. For the 2024 financial year, “recurring” share-based compensation from the Groupe’s LTI plans has been taken into account at its actual value to determine employees’ total compensation in 2024.
However, for three-year plans implemented until 2019 (in particular the LTIP 2019-2021 Directoire plan), the amount of share-based compensation, although determined at its actual value upon delivery of the shares, is allocated in the amount of one third to each of the three years of the plan’s performance in order to be economically relevant. Thus, the share-based compensation resulting from the LTIP 2019-2021 Directoire (vesting in 2022) was spread over the three years of this plan’s performance, i.e. in 2019, 2020 and 2021. These valuations make it possible to reflect the strict performance conditions of our plans and the specific details of the performance shares awarded to our executive corporate officers. It should be noted that from 2021, the grant of shares to the Groupe’s corporate officers will now be carried out on an annual cycle.
For information purposes, the table below summarizes the methodology applied for the main compensation items of corporate officers.
| Recurring compensation* | Base | Financial year | |
|---|---|---|---|
| 1 | Annual fixed compensation | Total gross amount paid | Financial year |
| 2 | Annual variable compensation and any other exceptional compensation | Total gross amount paid | Financial year Y (in respect of Y-1) |
| 3 | Share-based compensation:
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| 4 | Other obligations or benefits of any kind | Valuation of the obligation or benefit in kind | Financial year |
