AIRBUS - 2019 Universal Registration Document

Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers

Vesting Values in 2019 In 2019, the CEO received both cash payments and vested shares in connection with the vesting of 2014 and 2015 LTIP awards: – Cash: the total cash payment to the CEO amounted to €697,383 in 2019. – Shares: – In connection with the 2014 LTIP award, the CEO had elected that 25% of his grant should be deferred into shares. Therefore, the CEO received 2,528 vested shares on the second vesting date for LTIP 2014 (31 May 2019). – In connection with the 2015 LTIP award, the CEO had elected that 25% of his grant should be deferred into shares. Therefore, the vesting of 1,998 Performance Units for the LTIP 2015 will be released in the form of shares on the second vesting date for the 2015 LTIP (which will take place in 2020).

LTIP OVERVIEW: GRANTING AND VESTING

Share price at grant date

Units with performance achievement

Date of grants

Grant Type Number

Value at grant date

(Un) conditional

Performance achievement

Dates of vesting

Share value at vesting dates (1)

1 st vesting – 3 May 2018: € 94.40 2 nd vesting – 31 May 2019: € 94.90 1 st vesting- 31 May 2019: € 112.62

2014

Units 12,640 €47.45 € 599,768 Conditional

80%

10,112 2 vestings in 2018 - 2019

2015

Units 10,656 €56.31 € 600,039 Conditional

75%

7,992 2 vestings in 2019 - 2020

Not yet known

2016

Units 5,696 €52.67 €300,008 Conditional

75%

4,272 2 vestings in 2020 - 2021

Not yet known

2016 Shares 5,696 € 52.67 €300,008 Conditional

75%

4,272 1 vesting in 2020

Not yet known

2017

Units 4,404 €73.81 €325,059 Conditional

Not yet known Not yet known 2 vestings in 2021 - 2022

Not yet known

2017 Shares 4,404 € 73.81 €325,059 Conditional

Not yet known Not yet known 1 vesting in 2021

Not yet known

2018

Units 4,208 € 106.94 € 450,004 Conditional

Not yet known Not yet known 2 vestings in 2022 - 2023

Not yet known

2018 Shares 4,208 € 106.94 € 450,004 Conditional

Not yet known Not yet known 1 vesting in 2022

Not yet known

2019

Units 5,530 € 122.06 € 674,992 Conditional

Not yet known Not yet known 2 vestings in 2023 - 2024

Not yet known

2019 Shares 5,530 € 122.06 € 674,992 Conditional

Not yet known Not yet known 1 vesting in 2023

Calculations may involve rounding to the nearest unit. (1) Vesting will occur according to the respective rules and regulations of each plan. NOTE: 2014 to 2018 awards were granted to Mr Faury before his appointment as CEO and should vest during his mandate.

Performance Conditions of LTIP 2016: – The performance conditions for LTIP 2016 were determined as follows: if Airbus reports negative cumulated EBIT results, the Board of Directors can decide at its sole discretion to review the vesting of the Performance Units, including the 50% portion which is not subject to performance conditions. – 50% to 150% of the allocation would be granted depending on the compounded achievement of the two following performance criteria: – 75% of average EPS (“Ave EPS”): determined on a linear basis depending on three-year Ave EPS for the 2017, 2018 and 2019 fiscal years, with the three-year Ave EPS target for an allocation of 100% equal to €4.40; and – 25% of cumulative FCF (“Cum FCF”): determined on a linear basis depending on three-year Cum FCF for the 2017, 2018 and 2019 fiscal years, with the three-year Cum FCF target for an allocation of 100% equal to €5,774 million.

158

Airbus / Annual Report – Registration Document 2019

Made with FlippingBook Ebook Creator