PSA - 2019 Universal Registration Document

PEUGEOT S.A. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 Notes to Peugeot S.A. Financial statements

MANAGEMENT COMPENSATION NOTE 24

TheGroupis managedby theManagingBoard.Themembersof theManagingBoard,togetherwiththe othermembersof theManagement Committee, constitute the Executive Committee. The members of that Committee constitutethe Group’smanaging bodies. The compensationdetailsprovidedin the table abovedo not includesocial securitycontributions.The amountof compensationpaid to membersof management bodies, includingaccrued variable compensation, is provisional.

31/12/2019

31/12/2018

(in million euros)

Number of Executive Committee members at 31 December Fixed & variable compensation and other short-term benefits (excluding pensions)

19

18

24.2

21.7

Furthermore,the chargerecordedin 2019 in relationto the employer’scontributionto the defined-contribution pensionplan for members of theManagingBoardand the otherExecutiveCommitteemembersamountedto €4.6 million,comprisedof €2.3 millionpaidto a pension fund and€2.3 millionpaid incash tograntees (taking into accounta schemebasedon taxation upon first deposit). The performance shares allocated in2015,2016, 2017,2018and2019 tothe membersof the Managing Bodiesare detailed in the tablebelow.

31/12/2019

31/12/2018

(number of shares)

Performance shares held at 31 December

2,452,100

2,229,000

Membersof the Group’smanagementbodiesare not entitledto any long-termbenefitsapart frompensionbenefitsand the performance shares under theplansreferredto above,or anyother formsof share-based payments or any compensation for lossof office.

AVERAGE WORKFORCE NOTE 25

31/12/2019

31/12/2018

(number of employees)

Managers

580

591

Other

88

98

TOTAL

668

689

SUBSEQUENT EVENTS NOTE 26

Between31 December2019and25 February2020,the dateon whichthe financialstatementswereapprovedby the SupervisoryBoard,no event likely to significantly impacthe economicdecisions made on the basisof these financial statements occurred.

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GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT