| (in euros) | ANNUAL FIXED COMPENSATION | ADDITIONAL ANNUAL FIXED COMPENSATION FOR THE LEAD DIRECTOR | ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE | VARIABLE COMPENSATION PER MEETING ATTENDANCE |
|---|---|---|---|---|
| Board of Directors |
Board of Directors ANNUAL FIXED COMPENSATION 20,000 |
Board of Directors ADDITIONAL ANNUAL FIXED COMPENSATION FOR THE LEAD DIRECTOR 30,000 |
Board of Directors ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE
|
Board of Directors VARIABLE COMPENSATION PER MEETING ATTENDANCE 4,500 |
| Audit Committee |
Audit Committee ANNUAL FIXED COMPENSATION 8,000 |
Audit Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR THE LEAD DIRECTOR
|
Audit Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 25,000 |
Audit Committee VARIABLE COMPENSATION PER MEETING ATTENDANCE 3,500 |
| Nominating Committee |
Nominating Committee ANNUAL FIXED COMPENSATION 6,000 |
Nominating Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR THE LEAD DIRECTOR
|
Nominating Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 22,500 |
Nominating Committee VARIABLE COMPENSATION PER MEETING ATTENDANCE 3,000 |
| Compensation Committee |
Compensation Committee ANNUAL FIXED COMPENSATION 6,000 |
Compensation Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR THE LEAD DIRECTOR
|
Compensation Committee ADDITIONAL ANNUAL FIXED COMPENSATION FOR CHAIRING A COMMITTEE 22,500 |
Compensation Committee VARIABLE COMPENSATION PER MEETING ATTENDANCE 3,000 |
The following tables show a breakdown of the various components of Sophie Bellon’s compensation.
The components of the compensation for the role of Chairwoman and Chief Executive Officer were established in line with the compensation policy for the Chief Executive Officer approved by the shareholders at the Combined Annual Shareholders Meeting of December 19, 2022 (tenth resolution). This policy provides for fixed, variable and long-term compensation, a supplemental pension plan, collective health and benefit plans as well as benefits in kind. It does not include any multi-year variable compensation, exceptional compensation or any other post-term benefit.
At the Ordinary Annual Shareholders Meeting of December 15, 2023, shareholders will be given a “say-on-pay” vote on the total compensation and benefits paid during or awarded for Fiscal 2023 to Sophie Bellon for her duties performed during the fiscal year.
|
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER (in euros) |
FISCAL 2023 | FISCAL 2022 |
|---|---|---|
| Compensation awarded for the fiscal year (gross, before tax) |
Compensation awarded for the fiscal year (gross, before tax) FISCAL 20231,866,195 |
Compensation awarded for the fiscal year (gross, before tax) FISCAL 20221,469,652 |
| Value of stock options granted |
Value of stock options granted FISCAL 2023N/A |
Value of stock options granted FISCAL 2022N/A |
| Value of performance shares granted |
Value of performance shares granted FISCAL 20231,784,516 |
Value of performance shares granted FISCAL 2022N/A |
| TOTAL | TOTALFISCAL 20233,650,711 | TOTALFISCAL 20221,469,652 |
Summary of the Chairwoman of the Board of Directors and Chief Executive Officer’s compensation
| FISCAL 2023 | FISCAL 2022 | |||
|---|---|---|---|---|
| (in euros) | GROSS AMOUNTS AWARDED (BEFORE TAX) | GROSS AMOUNTS PAID (BEFORE TAX) | GROSS AMOUNTS AWARDED (BEFORE TAX) | GROSS AMOUNTS PAID (BEFORE TAX) |
| SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER | ||||
| Fixed compensation(1) | 900,000 | 900,000 | 881,250 | 881,250 |
| Variable compensation(2)(3) | 966,195 | 587,250 | 587,250 | N/A |
| Exceptional compensation | N/A | N/A | N/A | N/A |
| Directors’ compensation | N/A | N/A | N/A | N/A |
| Benefits in kind(4) | 1,123 | 1,123 | 1,152 | 1,152 |
| TOTAL | 1,867,318 | 1,488,373 | 1,469,652 | 882,402 |
| The following amounts were paid by Bellon SA to Sophie Bellon for her duties as a member of the Management Board of Bellon SA | ||||
| Fixed compensation | 210,018 | 210,018 | 210,015 | 210,015 |
(1) For Fiscal 2022, fixed compensation for her role as Chairwoman of the Board of Directors until September 30, 2021, as Chairwoman of the Board of Directors and interim Chief Executive Officer from October 1, 2021 to February 28, 2022, and then as Chairwoman and Chief Executive Officer from March 1, 2022.
(2) Variable compensation for Fiscal 2022 for her role as Chairwoman and Chief Executive Officer for the period in question (paid during Fiscal 2023).
(3) Variable compensation for Fiscal 2023 (paid during Fiscal 2024) subject to approval at the Annual Shareholders Meeting.
(4) Sophie Bellon has the use of a company car.
