Saint-Gobain // Universal Registration Document 2021

Corporate governance Compensation of the management and governing bodies

France scope

available for 2020 and 2021. The median compensation ratio for France is therefore presented from 2020

In a proactive approach to ensure that Saint-Gobain Group stakeholders receive relevant and transparent information, the table below presents the ratio between the compensation of the Executive corporate officers of Compagnie de Saint-Gobain and the average and median compensation of the employees of the consolidated subsidiaries of the Saint-Gobain Group in France based on full-time equivalent, and any changes thereto. Data on the median compensation of employees in France are

onwards.

The France scope is homogeneous in terms of salary structure and the type of contracts taken into account, and is not subject to exchange rate fluctuations, which allows a better comparability over time. The workforce in France represented nearly 23% of the Group’s workforce at December 31, 2021.

Table 3 – Change in the ratio on average compensation over the last five fiscal years and on median compensation over the last two years – France 2021 (5) 2020 (1) 2019 (1) 2018 2017 Ratio on average compensation France Pierre-André de Chalendar , Chairman and Chief executive officer Until July 1, 2021. 69 106 (2) 103 (2) 84 113

Change in ratio

-34.8% 3.3% (2)

23.3% (2)

- 26.0% 8.9%

Pierre-André de Chalendar , Chairman of the Board of Directors

Since July 1, 2021.

10

-

-

-

-

Change in ratio

-

-

-

-

-

Benoit Bazin , Chief operating officer

From January 1, 2019 to June 30, 2021.

40

62 (3)

53 (3)

N/A N/A

Change in ratio

-35.2% 16.9% (3)

N/A N/A N/A

5

Benoit Bazin , Chief executive officer

Since July 1, 2021.

107

-

-

-

-

Change in ratio

-

-

-

-

-

Ratio on median compensation France

Pierre-André de Chalendar , Chairman and Chief executive officer

Until July 1, 2021.

84

130

-

-

-

Change in ratio

-35.1% -

- (4)

- (4)

- (4)

Pierre-André de Chalendar , Chairman of the Board of Directors

Since July 1, 2021.

12

-

-

-

-

Change in ratio

-

-

- (4)

- (4)

- (4)

Benoit Bazin , Chief operating officer

From January 1, 2019 to June 30, 2021.

49

76

-

-

-

Change in ratio

-35.5% -

- (4)

- (4)

(4)

-

Benoit Bazin , Chief executive officer

Since July 1, 2021.

130

-

-

-

-

Change in ratio

-

-

-

-

-

The compensation of Executive corporate officers for the 2019 and 2020 fiscal years taken into account are those post-reductions due to Covid-19 (see (1) Chapter 5, Section 2.2.2 of the Company’s 2020 universal registration document). Without the reduction in remuneration due to Covid-19 for the 2019 and 2020 fiscal years, the 2019 and 2020 ratios would have been 106 and 108 (2) respectively and the change in these ratios between 2018 and 2019 and between 2019 and 2020 would have been 26.2% and 2.7% respectively. Without the reduction in variable compensation for the 2019 fiscal year decided by the Board of Directors due to Covid-19, the 2019 and 2020 ratios (3) would have been 54 and 63 respectively and the change in these ratios between 2019 and 2020 would have been 16.7%, excluding the cancellation of the increase in the variable compensation cap from 120% to 150% initially decided by the Board of Directors in February 2020. Information not available. (4) Given the changes in corporate governance during the 2021 fiscal year, the compensation of Executive Directors for the 2021 fiscal year has been (5) annualized. It is specified that Mr. Pierre-André de Chalendar did not receive any performance shares for 2021. Mr. Benoit Bazin did not receive any performance shares in his capacity as Chief operating officer for the period from January 1 to June 30, 2021. He was granted 64,000 performance shares on November 25, 2021 in his capacity as Chief executive officer, representing a total value (according to IFRS) of €2,290,656 at the date of allocation.

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 213

Made with FlippingBook flipbook maker