Saint-Gobain // Universal Registration Document 2021
5
Corporate governance Compensation of the management and governing bodies
The quantifiable and qualitative variable compensation due for the 2021 fiscal year to the Chairman and Chief executive officer and the Chief operating officer (from January 1, 2021 to June 30, 2021), and to the Chief executive officer (from July 1, 2021 to December 31, 2021) was determined by the Board of Directors at its meeting of February 24, 2022, on the proposal of the Nomination and Remuneration Committee, as follows:
Amount at target
Percentage achieved compared to target compensation
budget (target compensation) (in EUR)
Possible variation under each objective (in EUR) (1)
Achieve ment (in EUR)
Percentage achieved
Weighting
Period from January 1, 2021 to June 30, 2021 (2) Pierre-André de Chalendar, Chairman and Chief executive officer
FCF
25%
0 to 170,000
119,000
143%
-
170,000
Group operating income
25% 25%
0 to 170,000 0 to 170,000
119,000 119,000
143% 143 %
- -
170,000 170,000
Quantifiable objectives (2/3) of which:
ROCE
Group recurring net income per share Quantifiable total
25%
0 to 170,000 0 to 680,000 0 to 85,000 0 to 85,000 0 to 85,000 0 to 85,000 0 to 340,000 0 TO 1,020,000
119,000 476,000
143% 143%
- -
170,000 680,000
100%
Objective 1 Objective 2 Objective 3 Objective 4
25% 25% 25% 25%
N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A
100% 85,000 91% 77,350 100% 85,000 100% 85,000
Qualitative objectives (see above for a detailed description of each objective) (1/3) of which:
Qualitative objectives (1/3) Qualitative (global)
100% 100%
N/A 97.8% 332,350 N/A 99.3% 1,012,350
TOTAL VARIABLE SHARE
Benoit Bazin, Chief operating officer
FCF
25%
0 to 93,750
65,625
143%
-
93,750
Group operating income
25% 25%
0 to 93,750 0 to 93,750
65,625 65,625
143% 143%
- -
93,750 93,750
Quantifiable objectives (2/3) of which:
ROCE
Group recurring net income per share Quantifiable total
25%
0 to 93,750 0 to 375,000 0 to 46,875 0 to 46,875 0 to 46,875 0 to 46,875 0 to 187,500 0 TO 562,500
65,625
143% 143%
- -
93,750
100%
262,500
375,000
Objective 1 Objective 2 Objective 3 Objective 4
25% 25% 25% 25%
N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A
100% 46,875 91% 42,656 100% 46,875 100% 46,875
Qualitative objectives (see above for a detailed description of each objective) (1/3) of which:
Qualitative objectives (1/3) Qualitative (global)
100% 100%
N/A 97.8% 183,281 N/A 99.3% 558,281
TOTAL VARIABLE SHARE
Period from July 1, 2021 to December 31, 2021 (2) Benoit Bazin, Chief executive officer
FCF
25%
0 to 141,667
99,167
143%
-
141,667
Group operating income
25% 25%
0 to 141,667 0 to 141,667
99,167 99,167
143% 143%
- -
141,667 141,667
Quantifiable objectives* (2/3) of which:
ROCE
Group recurring net income per share Quantifiable total
25%
0 to 141,667 0 to 566,667 0 to 70,833 0 to 70,833 0 to 70,833 0 to 70,833 0 to 283,333 0 TO 850,000
99,167
143% 143%
- -
141,667
100%
396,667
566,667
Objective 1 Objective 2 Objective 3 Objective 4
25% 25% 25% 25%
N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A
100% 70,833 91% 64,458 100% 70,833 100% 70,833
Qualitative objectives (see above for a detailed description of each objective) (1/3) of which:
Qualitative objectives (1/3) Qualitative (global)
100% 100%
N/A 97.8% 276,958
TOTAL VARIABLE SHARE N/A 99.3% 843,625 For each quantifiable objective, the corresponding portion of variable compensation becomes payable if (1) 88% to 91% of the target of the considered (1) objective is achieved (on budget basis), depending on the objective concerned, and it reaches its maximum if the objective reaches between 108% to 113%, as the case may be, of the target of the considered objective. The amounts due in respect of the annual variable compensation for the 2021 fiscal year to the Executive Directors and shown in this table have been (2) calculated on a pro rata temporis basis from January 1, 2021 to June 30, 2021 for the annual variable compensation for 2021 due to the Chairman and Chief executive officer and to the Chief operating officer and from July 1, 2021 to December 31, 2021 for the annual variable compensation for 2021 due to the Chief executive officer.
SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 188
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