HERMÈS - 2020 Universal registration document
3
CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
TABLES DRAWN UP IN ACCORDANCE WITH AMF POSITION-RECOMMENDATION NO. DOC 2021-02 3.7.4 (§ 13.3) OF 8 JANUARY 2021 ON THE PRESENTATION OF COMPENSATION The standardised presentation of all the components of compensation provided for in Appendix 2 of position recommendation DOC-2021-02 of 8 January 2021 is presented below.
TABLE 1
3.7.4.1
SUMMARY TABLE OF COMPENSATION AND OPTIONS AND SHARES ALLOCATED TO EACH EXECUTIVE CHAIRMAN
2020
2019
From 01/01/2020 to 31/12/2020
From 01/01/2019 to 31/12/2019
Mr Axel Dumas
Compensation awarded in respect of the financial year (detailed in Table 2) Valuation of multi-year variable compensation awarded during the financial year Valuation of options granted during the financial year (detailed in Table 4)
€3,403,423
€3,403,423
n/a n/a n/a n/a
n/a n/a n/a n/a
Valuation of free shares allocated (detailed in Table 6) Valuation of other long-term compensation plans
Total natural person as Executive Chairman
€3,403,423 1
€3,403,423
From 01/01/2020 to 31/12/2020
From 01/01/2019 to 31/12/2019
Émile Hermès SARL
Compensation awarded in respect of the financial year (detailed in Table 2) Valuation of multi-year variable compensation awarded during the financial year Valuation of options granted during the financial year (detailed in Table 4)
€1,381,933
€1,381,933
n/a n/a n/a n/a
n/a n/a n/a n/a
Valuation of free shares allocated (detailed in Table 6) Valuation of other long-term compensation plans
Total legal entity as Executive Chairman
€1,381,933 1
€1,381,933
not applicable. n/a: In the context of the Covid-19 pandemic, the Executive Chairmen wished to waive the increase, as provided for under the applicable compensation policy, to their (1) 2020 fixed compensation and their 2020 variable compensation awarded in respect of 2019, and therefore received a total amount of compensation in 2020 identical to that received in 2019 (see § 3.7.2.1.1). TABLE 2 3.7.4.2
TABLE SUMMARISING THE COMPENSATION OF EACH EXECUTIVE CHAIRMAN 1
Gross annual compensation of the Executive Chairmen
2020
2019
Amounts awarded
Amounts paid
Amounts awarded
Amounts paid
Mr Axel Dumas Fixed compensation (referred to as “additional” in the Articles of Association) Annual variable compensation set by the Articles of Association (“statutory compensation”)
€1,623,378
€1,623,378
€1,623,378
€1,623,378
€1,780,045 2
€1,780,045 2
€1,780,045
€1,780,045
Multi-year variable compensation
n/a n/a
n/a n/a
n/a n/a
n/a n/a
Exceptional compensation
Total compensation
€3,403,423 1
€3,403,423 1
€3,403,423
€3,403,423
Compensation allocated on account of the office as member of the Board
n/a
n/a
n/a
n/a
Benefits in kind
Representation Representation
Representation
Representation
Émile Hermès SARL Fixed compensation (referred to as “additional” in the Articles of Association) Annual variable compensation set by the Articles of Association (“statutory compensation”)
€551,850
€551,850
€551,850
€551,850
€830,083 2
€830,083
€830,083
€830,083 2
Multi-year variable compensation
n/a n/a
n/a n/a
n/a n/a
n/a n/a
Exceptional compensation
Total compensation
€1,381,933 1
€1,381,933 1
€1,381,933
€1,381,933
Compensation allocated on account of the office as member of the Board
n/a
n/a
n/a
n/a
306 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
Made with FlippingBook HTML5