Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The expense recognised in 2022 in respect of free share allocation plans totalled €65 million, compared with €122 million at end‑2021. The shares outstanding changed as follows during the financial year:

2022

2021

In shares

Outstanding as at 1January

422,187

671,368

Issued

-

-

Exercised

(264)

(178,956)

Forfeited or cancelled

(17,163)

(70,225)

OUTSTANDING AS AT 31DECEMBER

404,760

422,187

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

5.5 Senior Executive compensation 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:

2022

2021

In millions of euros

Short‑term benefits

29

20

Post‑employment benefits

4

3

Other long‑term benefits

0

0

Share‑based payments

3

3

TOTAL

36

26

Share‑based payments correspond to the amounts expensed in the financial 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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2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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