Fiscal 2022 Universal Registration Document

6 CORPORATE GOVERNANCE

6.5.2.2 Compensation and benefits paid during or awarded for Fiscal 2022 to Sophie Bellon (ex post vote at the Annual Shareholders Meeting of December 19, 2022)
Compensation and benefits paid during or awarded for Fiscal 2022 to Sophie Bellon, Chairwoman of the Board of Directors and Chief Executive Officer
TYPE OF COMPENSATION OR BENEFITS AMOUNTS PAID DURING FISCAL 2022 AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE COMMENTS

TYPE OF COMPENSATION OR BENEFITS

Fixed compensation

AMOUNTS PAID DURING FISCAL 2022

€881,250

AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE

€881,250

COMMENTS

Pre-tax gross amount due for the fiscal year. The fixed compensation includes that payable and paid for her role as Chairwoman of the Board of Directors from September 1 to September 30, 2021, as Chairwoman of the Board of Directors and interim Chief Executive Officer from October 1, 2021 to February 28, 2022, and lastly, as Chairwoman and Chief Executive Officer from March 1, 2022.

TYPE OF COMPENSATION OR BENEFITS

Variable compensation

AMOUNTS PAID DURING FISCAL 2022

N/A

AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE

€587,250

COMMENTS

Variable compensation to the Chairwoman and Chief Executive Officer for Fiscal 2022 beginning March 1, 2022 corresponding to 131% of the fixed compensation received during this fiscal year and a variable pay amount of 587,250 euros. As the role of Chairwoman and Chief Executive Officer began on March 1, 2022, the amount of the variable compensation has been calculated on a prorata temporis for this period. No variable compensation has been paid for the role of Chairwoman of the Board of Directors and interim Chief Executive Officer.

TYPE OF COMPENSATION OR BENEFITS

Stock options and performance shares

AMOUNTS PAID DURING FISCAL 2022

N/A

AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE

N/A

COMMENTS

No performance shares were granted to Sophie Bellon.

TYPE OF COMPENSATION OR BENEFITS

Supplemental pension plan

AMOUNTS PAID DURING FISCAL 2022

No amounts paid

AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE

No amounts awarded

COMMENTS

Since her appointment on March 1, 2022, the Chairwoman and Chief Executive Officer has been a beneficiary of a defined benefit pension plan governed by article 39 of the French General Tax Code and article L.137-11-2 of the French Social Security Code, set up in 2021 for the Group’s senior executives holding an employment contract with one of its French companies. This plan grants annual rights amounting to 0.5% of fixed and variable compensation for her role as Chairwoman and Chief Executive Officer for the first five years and to 1% of fixed and variable compensation paid to her beyond five years, up to a total of 10%. The rights vest subject to an achievement rate for the Chairwoman and Chief Executive Officer’s annual variable compensation targets of at least 80%. Provided this condition for Fiscal 2022 is met, the Chairwoman and Chief Executive Officer acquires the right to a lifetime pension of 3,343 euros gross per year.

TYPE OF COMPENSATION OR BENEFITS

Benefits in kind

AMOUNTS PAID DURING FISCAL 2022

€1,152

AMOUNTS AWARDED FOR FISCAL 2022 OR ACCOUNTING VALUE

€1,152

COMMENTS

Sophie Bellon has the use of a Company car.

Sophie Bellon is not eligible for any of the following types of compensation or benefits: multi-year variable compensation, exceptional compensation, non-compete indemnity or termination benefit.

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