Hermès // 2021 Universal Registration Document

CORPORATE GOUVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS

TABLES DRAWN UP IN ACCORDANCE WITH AMF POSITION-RECOMMENDATION DOC 2021-02 (§ 13.3) OF 5 JANUARY 2022 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 5 January 2022 is presented below. 3.8.4

TABLE 1

3.8.4.1

SUMMARY TABLE OF COMPENSATION AND OPTIONS AND SHARES ALLOCATED TO EACH EXECUTIVE CHAIRMAN

2021

2020

From 01/01/2021 to 31/12/2021

From 01/01/2020 to 31/12/2020

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)

€3,182,697

€3,403,423

n/a n/a n/a n/a

n/a n/a n/a n/a

3

Valuation of free shares allocated (detailed in Table 6) Valuation of other long-term compensation plans

Total natural person as Executive Chairman

€3,182,697

€3,403,423 1

From 01/01/2021 to 31/12/2021

From 01/01/2020 to 31/12/2020

Émile Hermès SAS

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)

€1,279,003

€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

€1,279,003

€1,381,933 1

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. The fixed compensation of Mr Axel Dumas in 2020 was therefore reduced from €1,824,677 to €1,623,378 and that of Émile Hermès SAS from €620,279 to €551,850 (actual amounts paid after the waiver).

TABLE 2

3.8.4.2

SUMMARY TABLE OF THE COMPENSATION OF EACH EXECUTIVE CHAIRMAN 1

2021

2020

Gross annual compensation of the Executive Chairmen

Amounts awarded

Amounts paid

Amounts awarded

Amounts paid

Mr Axel Dumas Fixed compensation (referred to as “additional” in the Articles of Association)

€1,623,378

€1,623,378

€1,623,378

€1,623,378

Annual variable compensation set by the Articles of Association (“statutory compensation”) 1

€1,559,319

€1,559,319

€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

€3,182,697

€3,182,697

€3,403,423 2

€3,403,423 2

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 SAS Fixed compensation (referred to as “additional” in the Articles of Association)

€551,850

€551,850

€551,850

€551,850

Annual variable compensation set by the Articles of Association (“statutory compensation”) 1

€727,153

€727,153

€830,083

€830,083

Multi-year variable compensation

n/a n/a

n/a n/a

n/a n/a

n/a n/a

Exceptional compensation

Total compensation

€1,279,003

€1,279,003

€1,381,933 2

€1,381,933 2

Compensation allocated on account of the office as member of the Board

n/a

n/a

n/a

n/a

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

309

Made with FlippingBook flipbook maker