AIRBUS - 2020 Universal Registration Document

4. Corporate Governance / 4.2 Interests of Directors and Principal Executive Officers

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 – 31 May 2019: €112.62

2015

Units 10,656 €56.31 €600,039 Conditional

75%

7,992 2 vestings in 2019-2020

2 nd vesting – 2 June 2020: €55.72 1 st vesting – 7 May 2020: €56.27 7 May 2020: €53.80

2016

Units 5,696 €52.67 €300,008 Conditional

75%

4,272 2 vestings in 2020-2021

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

75%

4,272 1 vesting in 2020

4

Not yet known

2017

Units 4,404 €73.81 €325,059 Conditional

50%

2,202 2 vestings in 2021-2022

Not yet known

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

50%

2,202 1 vesting in 2021

2018

Units 4,208 €106.94 €450,004 Conditional

Not yet known

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

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

Not yet known

Not yet known Not yet known 1 vesting in 2022

2019

Units 5,530 €122.06 €674,992 Conditional

Not yet known

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

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

Not yet known

Not yet known Not yet known 1 vesting in 2023

2020

Units 9,920 €68.04 €674,957 Conditional

Not yet known

Not yet known Not yet known 2 vestings in 2024-2025

2020 Shares 9,920 €68.04 €674,957 Conditional

Not yet known

Not yet known Not yet known 1 vesting in 2024

Calculations may involve rounding to the nearest unit. (1) Vesting will occur according to the respective rules and regulations of each plan. NOTE: 2015 to 2018 awards were granted to Mr Faury before his appointment as CEO and should vest during his mandate.

Performance Conditions of LTIP 2017: – – The performance conditions for LTIP 2017 were determined as follows: if the Company reports a positive cumulative EBIT, a minimum portion of 50% of the Performance Units / Shares vest. If the Company reports a negative cumulative EBIT resulting from exceptional circumstances, the Board of Directors can decide at its sole discretion to vest a maximum portion of 50% of the Performance Units / Shares. – – 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. Review of Achievement of Performance Conditions: On 17 February 2021, the Board of Directors noted the achievement of the performance conditions of the 2017 plan, i.e. for the 2018, 2019 and 2020 fiscal years. The three-year Ave EPS was € 1.83 and the three-year Cum FCF was € 4,311 million, after normalisation to align them with policies in force when setting the target (notably IFRS 15 and A220 impacts). The cumulative EBIT for the three-year period is positive, leading, according to the policy, to the vesting of 50% of Performance Shares and Units. The COVID-19 crisis leads to low performance for both average EPS and Cum FCF. The positive performances of 2018 and 2019 exercises did not mitigate the 2020 exercise strongly impacted by the sanitary crisis leading to no vesting above 50%.

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Airbus / Registration Document 2020