Hermès // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The expense recognised in 2021 in respect of free share allocation plans totalled €122 million, compared with €118 million at end-2020. The shares outstanding changed as follows during the financial year:

2021

2020

In shares

Outstanding as at 1 January

671,368

1,255,800

Issued

-

-

Exercised

(178,956) (70,225) 422,187

(560,772) (23,660) 671,368

Forfeited or cancelled

OUTSTANDING AS AT 31 DECEMBER

Information on the free share allocation plans is provided in chapter 3 "Corporate governance", § 3.8.3.2.

Senior Executive compensation 5.5 The breakdown of total compensation paid to members of the Executive Committee and the Supervisory Board, in respect of their functions within the Group, is as follows:

2021

2020

In millions of euros

Short-term benefits

20

21

Post-employment benefits Other long-term benefits Share-based payments

3 0 3

3 0 4

TOTAL

26

27

Share-based payments correspond to the amounts expensed in the year.

Short-term benefits include compensation and bonuses paid to Executive Committee members during the financial year, as well as directors’ fees paid to members of the Supervisory Board.

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2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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