PERNOD RICARD - Universal Registration Document 2019-2020
2. CORPORATE GOVERNANCE Compensation policy
Performance-based shares granted to Mr Alexandre RICARD by the Company and any Group companies during the financial year (Table 6 AMF nomenclature)
Value of shares according to the
Number of shares awarded during the period
method used for the consolidated financial statements (IFRS)
Date of plan
Performance conditions
Acquisition date
Vesting date
08.11.2019
3,579
€549,973
09.11.2023
09.11.2023
Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years. Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years.
08.11.2019
463 (1)
€71,148
09.11.2023
09.11.2023
08.11.2019
5,780
€549,909
09.11.2023
09.11.2023
08.11.2019
748 (1)
€71,165
09.11.2023
09.11.2023
Allocation under the supplementary pension scheme. (1)
Performance-based shares vested to Mr Alexandre RICARD during the financial year (Table 7 AMF nomenclature)
Number of shares vested during the period
Date of plan
Conditions of acquisition
06.11.2015
3,000 (1)
Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Average achievement of the annual budget targets in respect of profit from recurring operations in the current and subsequent two years (three consecutive years). Positioning of the total performance of the Pernod Ricard share compared with the total performance of a panel of 12 companies over three years.
06.11.2015
3,630 (2)
17.11.2016
8,989 (3)
No performance conditions (presence condition for three years).
The initial allocation was 3,000 shares (the internal performance condition was 100% met). (1) The initial allocation was 5,500 shares (the internal performance condition was 100% met and the external performance condition confirmed the vesting of 66% of the (2) shares initially allocated). First third of the Exceptional Bonus Share Plan granted to the Executive Director in exchange for the elimination of the supplementary defined-benefit pension scheme. (3) This exceptional allocation was intended to compensate for vested rights and was not subject to any performance conditions. However, it spread the vesting of shares over a three-year period and includes a mandatory two-year lock-in period (see page 109 of the FY17 Registration Document).
Summary table of Mr Alexandre RICARD’s multi-year variable compensation
Mr Alexandre Ricard did not receive any multi-year variable compensation during past financial years.
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Pernod Ricard Universal Registration Document 2019-2020
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