Groupe Renault - 2020 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Options exercised and shares vested principally concern a vesting of 295,310 shares awarded under Plan 23 for non-residents and 979,206 shares under Plan 24 for residents. The impairment booked corresponds to the difference between the purchase price and the average opening price over the last month of the financial year. It is recognized for shares not allocated to a plan.

Stock option and performance share plans The Board of Directors periodically awards performance shares to Group executives and managers, with prices and exercise periods specific to each plan. Until 2012, it also periodically granted stock options, with prices and exercise periods specific to each plan. All plans include performance conditions which determine the number of options or performance shares granted to beneficiaries. Loss of the benefit of stock options or performance shares follows the applicable regulations: all options and rights are forfeited in the

event of resignation or termination and a decision is made for each individual case when an employee leaves at the Company’s

instigation.

New performance share plans were introduced in 2020, concerning 1,440 thousand shares. The vesting period for rights to shares is three years, with no minimum holding period and without distinction between residents and non-residents.

Changes in the number of stock options and performance share rights held by personnel A. Stock options

Weighted average exercise price (€)

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

Share rights (1) 4,343,329 1,443,615

Quantity

Options outstanding and rights not yet vested at January 1, 2020

102,987

37

Granted

-

Options exercised or vested rights

(471) (1)

50 (2)

(1,280,066) (3)

37 37

Options and rights expired and other adjustments

(102,516) (1)

- -

(92,604)

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

0

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 the exercise of 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)

Stock options B. There were no longer any active plans at December 31, 2020. The four-year vesting period of Plan 20 expired in December 2020.

Exercise price (€)

Options outstanding at December 31, 2020

Plan

Type of plan

Grant date

Exercise period

Plan 20 TOTAL

Stock purchase options

December 13, 2012

37.43

0 0

December 13, 2016 – December 12, 2020

Performance share plans C. For Plans 23 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. 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.

Share rights awarded at December 31, 2020

Plan

Type of plan

Grant date

Vesting date April 29, 2020*

Holding period

Plan 23

Performance shares

April 29, 2016

-

None

- 271,300

February 9, 2020* February 9, 2021 February 15, 2021 February 15, 2022

February 9, 2020 – February 9, 2021 None February 15, 2021 – February 15, 2022 None

Plan 24

Performance shares

February 9, 2017

1,054,009 262,950 1,392,700 1,433,315 4,414,274

Plan 25 Plan 26 Plan 27 TOTAL

Performance shares Performance shares Performance shares

February 15, 2018

June 12, 2019

June 12, 2022

None None

February 13, 2020

February 13, 2023

The performance share rights concerned by these plans expired or vested in 2020. *

430 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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