PERNOD-RICARD - URD 2021-22 EN

Corporate governance Compensation report

Amounts paid during the past financial year

Amounts allocated during the past financial year

Components of compensation Variable annual compensation (continued)

Remarks

For the qualitative criteria, the variable portion amounted to 37% of Mr Alexandre Ricard’s fixed annual compensation, versus a target of 30% and a maximum of 45%. Consequently, the total amount of Mr Alexandre Ricard’s variable compensation as Chairman and CEO was set at €2,250,000, i.e. 180% of his fixed annual compensation for FY22 ( vs. a target of 110%). The variable compensation in respect of FY21 and FY20 respectively represented 180% and 27% of his fixed annual compensation.

2.

Multi-year variable compensation

N/A

N/A

Mr Alexandre Ricard does not qualify for any multi-year variable cash compensation.

Compensation as Chairman of the Board of Directors

N/A

N/A

Mr Alexandre Ricard does not receive any compensation in his capacity as Chairman of the Board of Directors.

Exceptional compensation

N/A

N/A

Mr Alexandre Ricard does not qualify for any exceptional compensation.

Reminder of the FY22 policy : allocation of performance shares subject to the following principles: allocation of a maximum amount of 150% of the fixed annual compensation of the Executive Director, allocation subject to a three-year vesting period and the following performance conditions: - 50% of the allocation by value subject to an internal performance condition linked to a criterion relating to achievement of profit from recurring operations, - 30% of the allocation by value subject to a relative external performance condition (TSR versus a panel of peers), - 20% of the allocation by value subject to an internal performance condition linked to four CSR criteria (water, carbon, responsible drinking and employees). During FY22 : The Board of Directors of 10 November 2021 decided, on the recommendation of the Compensation Committee, to grant Mr Alexandre Ricard: 11,534 performance shares ( i.e. approximately 0.004% of the Company’s share capital) fully subject to the performance conditions mentioned above and described in the FY21 universal registration document, paragraph “Allocation of performance-based shares” of Subsection 2.8.1.3 (page 69), of which: 6,771 performance shares ( i.e. approximately 0.002% of the Company’s share capital) fully subject to internal performance conditions, 4,763 performance shares ( i.e. approximately 0.002% of the Company’s share capital) fully subject to the external performance condition. This allocation represents, in IFRS value, 150% of his fixed annual compensation. The same presence condition applies to Mr Alexandre Ricard and the other beneficiaries of the long-term incentive plan. It should be noted that the Executive Director is subject to lock-in obligations in respect of shares resulting from the exercise of stock options and the effective transfer of performance shares (described in the FY21 universal registration document, paragraph “Stock option and performance-based share allocation policy” paragraph in Subsection 2.8.1.3 (page 70)).

Allocation of performance shares

11,534 performance shares (total IFRS value €1,874,744)

69

Pernod Ricard Universal Registration Document 2021-2022