2021 Universal Registration Document
CORPORATE GOVERNANCE
Corporate Officer remuneration
TABLE I – HISTORY OF PERFORMANCE SHARE PLAN ALLOCATIONS
(Table 9 following the format in French Financial Markets Authority Position-Recommendation No. 2009-16)
Plan No. 10 Plan No. 11 Plan No. 12 Plan No. 13 Plan No. 14 Plan No. 15 Plan No. 16 Plan No. 17
Date of Shareholders’ Meeting
May 15, 2013 May 15, 2013 May 18, 2016 May 18, 2016 May 16, 2018 May 16, 2018 May 16, 2018 May 19, 2021
Date of Board Meeting February 11, 2014
February 10, 2015
May 18, 2016
February 10, 2017
May 16, 2018
February 12, 2019
February 11, 2020
February 16, 2021
Grant
M
M
M
M
M
M
M
M
Number of free shares granted
159,660
176,740
159,680
155,790
170,720
162,025
234,118
244,181
Of which. shares •
granted to Corporate Officers (% of BIC shares as of Dec. 31, 2021)
Gonzalve Bich •
15,000 (0,03%) May 16 , 2021 May 16, 2021
17,000 (0.04%)
24,781 (0.05%)
3,250 4,500 (0.01%) 5,000 (0.01%) 8,000 (0,02%)
30,298
End of Vesting Period
March 11, 2017 March 11, 2020
March 10, 2018 March 10, 2021
May 18, 2019
March 31, 2020 March 31, 2020
March 31, 2022 March 31, 2022
March 31, 2023 March 31, 2023
March 31, 2024 March 31, 2024 1) Free Cashflow
End of Holding Period
March 31, 2022
Performance conditions
1) Net sales growth 2) Net cash from operating activities as a percentage of net sales
2) Innovation Vitality Rate
3) Rate of reusable,
recyclable or compostable packaging
Total number of shares vested as of December 31, 2021 Total number of void or lapsed shares as of December 31, 2021 (a) TOTAL NUMBER OF PERFORMANCE SHARES OUTSTANDING AS OF DECEMBER 31, 2021
139,542
105,096
64,365
-
58,434
-
-
20,118
71,884
94,025
155,790
112,286
111,870
55,499
27,269
-
-
-
-
-
50,155
178,619
216,912
The performance share grants are void due to the beneficiary leaving the Company or to all performance conditions not being achieved. (a) M = Main. S = Secondary.
Shares allocated with or without performance conditions
key contributors during the year, the Board of Directors implemented a policy of free share grants, linked to the continued presence of the team member over the three-year and one month vesting period but with no performance conditions. In 2021, the Board of Directors approved the grant of free standard shares to all employees of the Company, with the exception of the Chief Executive Officer, under the Sharing Horizon Employee Share Plan. These standard shares have no performance conditions attached and will be delivered to all employees still present with the Company at the end of the three-year vesting period.
The Board of Directors, in line with the power granted by the Shareholders’ Meeting, and on the recommendation of the Remuneration Committee, grants eligible executives three-year performance-based share grants. The vesting period and performance conditions linked to these grants are the same as those for the Chief Executive Officer. On the recommendation of the Remuneration Committee, and with the aim of rewarding team members selected by Management and
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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •
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