Eurazeo / 2018 Registration document
GOVERNANCE Compensation and other benefits received by corporate officers
TABLE 6 – PERFORMANCE SHARES GRANTED TO PHILIPPE AUDOUIN DURING THE FISCAL YEAR BY THE ISSUER OR ANY GROUP COMPANY
Value of shares using the method
applied in the consolidated financial statements
Performance shares granted to each executive corporate officer during the fiscal year
Number of shares granted during the fiscal year (1)
Date of availability
Plan number and date
Vesting date
01/31/2018 – 2018 (2)
16,333
597,125
01/31/2021
01/31/2021
Philippe Audouin
Number granted before any adjustment linked to share capital transactions. (1) All performance shares granted to Philippe Audouin under this plan are subject to performance conditions. (2)
TABLE 7 – PERFORMANCE OR FREE SHARES THAT BECAME AVAILABLE TO PHILIPPE AUDOUIN DURING THE FISCAL YEAR
Performance or free shares that became available to each executive corporate officer during the fiscal year Plan number and date
Number of shares that became available during the fiscal year
Vesting conditions
Year granted
Philippe Audouin
01/07/2014 – 2014/1 Plan
64
-
2014
Olivier Millet, Chairman of the Executive Board of Eurazeo PME, Member of the Executive Board fromMarch 19, 2018
COMPENSATION
Components of compensation in respect of fiscal year 2018: Olivier Millet, Member of the Executive Board*
46% OF COMPENSATION NOT SUBJECT TO PERFORMANCE CONDITIONS
Fixed 46% €450,000
Variable 54% €522,158
54% OF COMPENSATION SUBJECT TO PERFORMANCE CONDITIONS
* excluding benefits in kind
Fixed compensation Olivier Millet received fixed compensation of €450,000 for fiscal year 2018. Annual variable compensation The Supervisory Board meeting of March 7, 2019, at the recommendation of the CAG Committee, noted the attainment levels of quantitative and qualitative criteria applicable to Executive Board members, of respectively 77.91% of target variable compensation (compared with 82.83% in 2016) for economic criteria and 38.13% of target variable compensation for all qualitative criteria (see above) for Olivier Millet. Olivier Millet’s variable compensation was therefore set at 116.04% of target variable compensation, representing variable compensation of €522,158.
Compensation due or awarded in respect of fiscal year 2018 will be presented to the Shareholders' Meeting of April 25, 2019 for vote (1) . Long-term compensation Olivier Millet did not receive long-term compensation in 2018 in respect of his duties as a member of the Executive Board. In fiscal year 2018, given the attainment level of the performance conditions associated with the share purchase option plan of June 17, 2014 (stock market performance of 83.71%), the following options vested to Olivier Millet: 13,286 share purchase options, i.e. 59.27% of adjusted rights as of June 17, 2018.
A breakdown of the assessment of the variable compensation is presented in Section 7.3, 12 th resolution, of this Registration Document. (1)
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Eurazeo
2018 Registration Document
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