The fixed and variable components of the total compensation and benefits paid during or awarded for Fiscal 2025 to Sophie Bellon comply with the Fiscal 2025 compensation policy for the Chief Executive Officer, as detailed in the 2024 Universal Registration Document (Chapter 7, section 7.3.1.3), and approved at the Annual Shareholders Meeting of December 17, 2024.
The compensation components paid during or awarded for Fiscal 2025, as presented below, will be submitted for shareholder approval at the Annual Shareholders Meeting of December 16, 2025.
| TYPE OF COMPENSATION OR BENEFITS | AMOUNTS PAID DURING FISCAL 2025 | AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE | COMMENTS |
|---|---|---|---|
| Fixed compensation | Fixed compensation AMOUNTS PAID DURING FISCAL 2025 €900,000 |
Fixed compensation AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE €900,000 |
Fixed compensation COMMENTS Gross amount due (before tax) The fixed compensation corresponds to the amount payable and paid in respect of her role as Chairwoman and CEO. |
| Variable compensation | Variable compensation AMOUNTS PAID DURING FISCAL 2025 €448,200 |
Variable compensation AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE €448,200 |
Variable compensation COMMENTS The amount awarded corresponds to the variable compensation due to the Chairwoman and CEO in respect of Fiscal 2025 in accordance with the 2025 compensation policy for the Chief Executive Officer, and payable in Fiscal 2026. This amount represents 41.5% of Sophie Bellon's target annual variable compensation for Fiscal 2025. |
| Stock options and performance shares | Stock options and performance shares AMOUNTS PAID DURING FISCAL 2025 N/A |
Stock options and performance shares AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE €1,589,360 |
Stock options and performance shares COMMENTS On April 24, 2025, the Chairwoman and CEO was granted 40,000 performance shares, with an accounting valuation of 1,589,360 euros. All of the shares granted are subject to performance conditions. The vesting period is three years. |
| Directors’ compensation | Directors’ compensation AMOUNTS PAID DURING FISCAL 2025 N/A |
Directors’ compensation AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE N/A |
Directors’ compensation COMMENTS The Chairwoman and CEO does not receive any directors' compensation. |
| Supplemental pension plan | Supplemental pension plan AMOUNTS PAID DURING FISCAL 2025 No amounts paid |
Supplemental pension plan AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE No amounts awarded |
Supplemental pension plan COMMENTS Since her appointment on March 1, 2022, the Chairwoman and CEO has been a member of the 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. This plan, which was set up in 2021, also applies to senior executives with an employment contract with a French Group company. Under this plan, annual pension rights are accrued at a rate of 0.5% of fixed and variable compensation received in respect of her duties as Chairwoman and CEO during the first five years of participation, and 1% per year thereafter, up to a maximum of 10%. The accrual of annual rights is subject to achieving at least 80% of the annual performance objectives applicable to the Chairwoman and CEO’s variable compensation. As this condition was not met for Fiscal 2025, the Chairwoman and CEO did not accrue any vested pension rights for that year. |
| Benefits in kind | Benefits in kind AMOUNTS PAID DURING FISCAL 2025 €1,431 |
Benefits in kind AMOUNTS AWARDED FOR FISCAL 2025 OR ACCOUNTING VALUE €1,431 |
Benefits in kind COMMENTS The Chairwoman and CEO has the use of a Company car. |
Sophie Bellon does not receive any multi-year variable compensation or exceptional compensation. At her request, she does not benefit from unemployment insurance and is not eligible for any indemnity in the event of termination of office. Similarly, the non-compete undertaking would apply without any financial compensation.
