| OBJECTIVE | WEIGHTING | TARGET | MAXIMUM | |
|---|---|---|---|---|
| 50% Financial performance |
50% Financial performance
Organic revenue growth for Fiscal 2023, 2024 and 2025 |
50% Financial performance WEIGHTING 20% |
50% Financial performance TARGET 100% |
50% Financial performance MAXIMUM 100% |
|
OBJECTIVE Underlying operating profit margin (excluding currency effects) for each of Fiscal 2023, 2024 and 2025 |
30% |
WEIGHTING 100% |
TARGET 100% |
|
| 30% Stock market performance |
30% Stock market performance
Sodexo's TSR ranking as compared with a panel of peers (Aramark, Compass, Edenred, Elior, ISS, Rentokil and Securitas), measured over 3 years |
30% Stock market performance WEIGHTING 30% |
30% Stock market performance TARGET 100% |
30% Stock market performance MAXIMUM 100% |
| 20% CSR performance |
20% CSR performance
Corporate Responsibility indicator |
20% CSR performance WEIGHTING 10% |
20% CSR performance TARGET 100% |
20% CSR performance MAXIMUM 100% |
|
OBJECTIVE Gender diversity |
10% |
WEIGHTING 100% |
TARGET 100% |
|
| TOTAL FOR FISCAL 2023 |
TOTAL FOR FISCAL 2023 100% |
TOTAL FOR FISCAL 2023 WEIGHTING 100% |
TOTAL FOR FISCAL 2023 TARGET 100% |
|
| PLAN DATE | NUMBER OF SHARES GRANTED DURING THE FISCAL YEAR | VALUATION OF SHARES(1) (in euros) | VESTING DATE | AVAILABILITY DATE | PERFORMANCE CONDITION | |
|---|---|---|---|---|---|---|
|
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER PLAN DATE 01/31/2023 |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER NUMBER OF SHARES GRANTED DURING THE FISCAL YEAR 24,500 |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER VALUATION OF SHARES(1) (in euros)1,784,516(2) |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER VESTING DATE 01/30/2026 |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER AVAILABILITY DATE 01/31/2026 |
SOPHIE BELLON CHAIRWOMAN AND CHIEF EXECUTIVE OFFICER PERFORMANCE CONDITION 100% |
(1) Valuation corresponding to the fair value on the grant date estimated taking into account the terms and conditions over the three-year vesting period (see note 5 of the appendix to the consolidated financial statements). The expense related to these shares is being recognized over a period of three years.
(2) Representing 0.02% of the Company's share capital at August 31, 2022 and 2.9% of all the performance shares granted during the fiscal year by the Board of Directors (in compliance with the limits set by the Shareholder’s Meeting of December 14, 2021, twentieth resolution). This performance share grant will have no dilutive effect on the Company’s share capital, since the corresponding plan provides for the performance shares which will vest will be exclusively treasury shares held by the Company.
No performance shares vested for Sophie Bellon, Chairwoman and Chief Executive Officer, during Fiscal 2023. As a reminder, no performance shares were attributed to Sophie Bellon before Fiscal 2023.
A description of the main terms of the plan for the granting of performance shares that became available during Fiscal 2023 is provided in Section 7.4.5.
No performance shares were granted to Sophie Bellon, Chairwoman and Chief Executive Officer prior to Fiscal 2023. A description of the performance shares granted for Fiscal 2023 is provided in Section 7.4.5 (table 9).
It should be remembered that Sodexo’s long-term compensation program currently consists solely of performance share grants.
The tables relating to stock options referred to in the AFEP-MEDEF Code are not applicable and have accordingly not been provided.
| EMPLOYMENT CONTRACT | SUPPLEMENTAL PENSION PLAN | COMPENSATION OR ENTITLEMENTS DUE OR LIKELY TO BECOME DUE AS A RESULT OF A CHANGE IN DUTIES OR LOSS OF OFFICE | INDEMNITY RELATING TO A NON-COMPETE CLAUSE | |||||
|---|---|---|---|---|---|---|---|---|
| YES | NO | YES | NO | YES | NO | YES | NO | |
|
Sophie Bellon Chairwoman and Chief Executive Officer |
||||||||
| Appointment date: January 26, 2016 | X | X* | X | X | ||||
| Expiration of current term: Annual Shareholders Meeting held to approve the financial statements for Fiscal 2023 | ||||||||
* Since her appointment on March 1, 2022 as Chairwoman and Chief Executive Officer, Sophie Bellon has been eligible for the supplemental pension plan described in Section 7.4.1.3.
