BIC - 2020 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ remuneration

Individual remuneration 4.2.2.3 Total remuneration and fringe benefits awarded for fiscal years 2019 and 2020 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 REMUNERATION. OPTIONS AND SHARES AWARDED TO EACH CORPORATE OFFICER

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

Fiscal year 2020 (in euros)

Pierre Vareille Chair (non executive)

Fiscal year 2019 (in euros )

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

300,000

300,000

Valuation of multi-year variable remuneration 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

300,000

300,000

Fiscal year 2020 (in U.S. dollars) (b)

Gonzalve Bich Chief Executive Officer

Fiscal year 2019 (in U.S. dollars) (a)

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

USD

1,656,120

1,672,519

EUR

1,479,207

1,466,479

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)

USD

1,544,354

1,647,717

EUR

1,379,380 3,200,474 2,858,587

1,444,732 3,320,236 2,911,211

TOTAL

USD

EUR

Fiscal year 2020 (in U.S. dollars) (b)

JimDiPIETRO Executive Vice President (January 1 to June 30, 2020)

Fiscal year 2019 (in U.S. dollars) (a)

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

USD

1,041,327

522,710

EUR

930,088

458,316

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)

USD

726,755 649,120

266,530 233,695 789,239 692,011

EUR

TOTAL

USD

1,768,082 1,579,209

EUR

Amounts in U.S. dollars were converted into euros using the average exchange rate for 2019 (1 EUR = 1.1196 USD). (a) Amounts in U.S. dollars were converted into euros using the average exchange rate for 2020 (1 EUR = 1.1405 USD). (b) (See Note 3 to the consolidated financial statements).

186

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •