Groupe Renault - 2020 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Share-based payments have been valued by the methods described in the accounting policies (note 2-R). The main details are as follows:

Share price at grant

Exercise price (€)

Dividend per share (€) 1.90-2.22 1.90-2.22 2.40-2.88 2.40-2.88 2.40-2.88 3.15-3.34 3.15-3.34 3.55-4.25 3.55-4.25 3.55-3.50 1.05-1.35 0.45-0.90 1.05-1.35

Initial value (€ thousands)

Unit fair value

Expense for 2020 (€ million)

Expense for 2019 (€ million)

Interest rate

Plan

date Volatility

Duration

51,509 19,138 53,728 19,929 53,646 22,167 63,533 23,096 49,618 5,348

66.51 65.19 66.38 65.72 65.34 66.18 66.16 73.37 69.73 42.50 29.66 21.71 10.31

- - -

-

78.75 76.58 80.25 76.16 76.99 82.79 90.64 88.93 54.99 34.82 23.99 14.55 -

N/A -0.10% N/A -0.03% N/A -0.48% N/A -0.48% N/A -0.48% N/A -0.48% N/A -0.48% N/A -0.57% N/A -0.57% N/A -0.59% N/A -0.59% N/A -0.54% N/A -

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

3-5 years

Plan 22*

5

4 years

(20)

3-4 years

Plan 23*

(2)

(7)

4 years 4 years

Plan 23 bis

-

3

(3) (5)

(31)

3-4 years

Plan 24*

(4)

4 years

(13)

(23)

3-4 years

Plan 25* Plan 26

(3)

(2)

4 years 3 years 3 years 3 years 3 years

(17)

(10)

582

- -

- - -

1,166

Plan 27*

11,062

(3)

TOTAL (89) For these plans, performance shares were awarded at different dates within the stated period. The information reported may correspond to weighted averages based on * quantities awarded per grant date. (46)

Changes in the number of stock options and share rights held by personnel G1

Stock options

Weighted average exercise price (€)

Weighted average share price at grant and exercise dates (€)

Quantity

Share rights

Options outstanding and rights not yet vested at December 31, 2019

102,987

37

4,343,329 1,443,615

Granted

-

-

-

37

50 (2)

(1,280,066) (3)

Options exercised or vested rights

(471) (1)

Options and rights expired and other adjustments

(102,516) (1)

-

- -

(92,604)

Options outstanding and rights not yet vested at December 31, 2020

-

37

4,414,274

Stock options exercised or expired in 2020 were granted under plan 20 in 2012. (1) Price at which the shares were acquired by the Group to cover future options. (2) Performance shares vested were mainly awarded under plan 23 for non-residents in 2016 and plan 24 for residents in 2017. (3)

The vesting period for shares awarded to French tax residents is three years followed by a holding period of one year (two years for plan 22). For non-French tax residents, the vesting period is four years and there is no minimum holding period. As from plan 26, the vesting period is three years with no holding period for French or foreign tax residents.

Stock options G2 No stock option plans remained active at December 31, 2020 as the 4-year vesting period for plan 20 expired in 2020. Performance share plans and other share-based G3 payment agreements For plans 22 to 25, vesting and minimum holding periods are different depending on whether beneficiaries are French tax residents or tax residents of other countries, in order to take account of local tax constraints.

Share rights awarded at December 31, 2020 Vesting date Holding period

Plan

Type of plan

Grant date

Plan 23

Performance shares and shares awarded as variable remuneration

April 29, 2016

*

April 29, 2020

None

February 9, 2020 – February 9, 2021

*

February 9, 2020 February 9, 2021

Plan 24

Performance shares and shares awarded as variable remuneration February 9, 2017

271,300

None

February 15, 2021 – February 15, 2022

1,054,009 February 15, 2021 262,950 February 15, 2022

Plan 25 Plan 26 Plan 27 TOTAL

Performance shares and shares awarded as variable remuneration February 15, 2018

None None None

Performance shares and shares awarded as variable remuneration

June 12, 2019

1,392,700

June 12, 2022

Performance shares and shares awarded as variable remuneration February 13, 2020

1,433,315 February 13, 2023

4,414,274

The share rights concerned by this plan expired or vested in 2020. *

386 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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