BIC - 2019 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ compensation

Individual compensation 4.2.2.3 Total compensation and fringe benefits awarded for fiscal years 2018 and 2019 by SOCIÉTÉ BIC and by the companies it controls, within the meaning of Article L. 233-16 of the French Commercial Code, to members of the Management bodies of SOCIÉTÉ BIC in respect of their functions within the Group, were as follows:

TABLE A – SUMMARY OF COMPENSATION. OPTIONS AND SHARES AWARDED TO EACH CORPORATE OFFICER

(Table 1 following the format of the French Financial Markets Authority Position-Recommendation No. 2009-16)

Pierre Vareille Chairman

Fiscal year 2019 (in euros)

Fiscal year 2018 (in euros)

Compensation due in respect of the year (detailed in table B)

226,688

300,000

Valuation of multi-year variable compensation awarded during the year

-

-

Valuation of stock options awarded during the year (detailed in table D)

-

-

Valuation of performance shares awarded during the year (detailed in table G)

-

-

TOTAL

226,688

300,000

Gonzalve Bich Chief Executive Officer

Fiscal year 2019 (in U.S. dollars) (b) 1,656,120 (1,479,207 euros)

Fiscal year 2018 (in U.S. dollars) (a)

Compensation due in respect of the year (detailed in table B)

1,461,705 (1,237,685 euros)

Valuation of multi-year variable compensation awarded during the year

-

-

Valuation of stock options awarded during the year (detailed in table D)

-

-

Valuation of performance shares awarded during the year (detailed in table G)

1,360,157 (1,151,700 euros) 2,821,862 (2,389,385 EUROS)

1,544,354 (1,379,380 euros) 3,200,474 (2,858,587 EUROS)

TOTAL

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2018 (1 EUR = 1.1810 USD). (a) Amounts in U.S. dollars were converted into euros using the average exchange rate for 2019 (1 EUR = 1.1196 USD). (See Note 3 to the consolidated financial statements). (b)

James DiPietro Executive Vice-President

Fiscal year 2019 (in U.S. dollars) (b) 1,041,327 (930,088 euros)

Fiscal year 2018 (in U.S. dollars) (b) 1,156,913 (979,606 euros)

Compensation due in respect of the year (detailed in table B)

Valuation of multi-year variable compensation awarded during the year

-

-

Valuation of stock options awarded during the year (detailed in table D)

-

-

Valuation of performance shares awarded during the year (detailed in table G)

725,417 (614,240 euros)

726,755 (649,120 euros)

TOTAL

1,882,330 (1,593,846 EUROS)

1,768,082 (1,579,208 EUROS)

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2018 (1 EUR = 1.181 USD). (a) Amounts in U.S. dollars were converted into euros using the average exchange rate for 2019 (1 EUR = 1.1196 USD). (See Note 3 to the consolidated financial statements). (b)

Marie-Aimée Bich-Dufour Executive Vice-President to March 31, 2019

Fiscal year 2019 (in euros)

Fiscal year 2018 (in euros)

Compensation due in respect of the year (detailed in table B)

290,491

110,000

Valuation of multi-year variable compensation awarded during the year

-

- 

Valuation of stock options awarded during the year (detailed in table D)

-

- 

Valuation of performance shares awarded during the year (detailed in table G)

249,535

263,705

TOTAL

540,026

373,705

157

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •