Saint-Gobain // Universal Registration Document 2021

8

Financial and accounting information 2021 Consolidated Financial Statements

The table below summarizes information about stock options outstanding at December 31, 2021, after taking into account partial fulfillment of the performance criteria attached to certain plans:

Exercisable options

Non-exercisable options

Total options outstanding

Weighted average contractual life (in months)

Exercise price (in EUR)

Number of options

Number of options

Exercise price (in EUR)

Number of options

Type of options

Grant date

2012 2013 2014 2015 2016 2017

27.71

5,432

11

5,432

Subscription

38.80 34.13 39.47 40.43 49.38

36,707

23 35 47 59

36,707

Purchase Purchase Purchase Purchase Purchase

0

38,018 45,244 193,575

38,018 45,244 193,575

71

Subscription or purchase*

2018

83

32.24

290,500 290,500

290,500 609,476

TOTAL

318,976

*

2018 plan: see above.

At December 31, 318,976 stock options were exercisable (at an average exercise price of €45.34) and 290,500 options (with an average exercise price of €32.24) had not yet vested. 2021, Performance shares and performance 6.4.3 unit grants Since 2009, performance share plans have also been set up for certain categories of employees. These plans are subject to eligibility criteria based on the grantee’s period of service (service conditions) with the Group as well as performance criteria (performance conditions), which are described below. The IFRS 2 share-based payment expense takes into account these conditions and the lock-up feature. It is determined after deducting the present value of the dividends forfeited on the performance shares and is recognized over the vesting period, not exceeding four years. From 2012 to 2015, performance unit plans have been set up for certain employees in France. These plans are also subject to service and performance conditions. The IFRS 2 share-based payment expense therefore takes into account these factors, as well as the fact that the units are cash-settled. IFRS 2 stipulates that for cash-settled share-based payment transactions, the granted instruments are initially measured at fair value at the grant date, then remeasured at the end of each reporting period, with the expense adjusted accordingly pro rata to the rights that have vested at the reporting date. The expense is recognized over the vesting period of the rights. 6.4.3.1 Performance share plans At December 31, 2021, there were four outstanding performance share plans, approved by the Board of Directors in 2018, 2019 and 2020 and on November 25, 2021. The expense recorded for these plans in the 2021 income statement amounted to €44.4 million (2020: €27.6 million).

All plans are subject to service and performance conditions. The vesting period for the shares awarded under these plans is four years and the shares will be delivered under all plans the fourth day after the end of the vesting period for the 2018, 2019, 2020 and 2021 plans. The table below shows changes in the number of performance share rights: NUMBER OF PERFORMANCE SHARE RIGHTS AT DECEMBER 31, 2019 4,927,869 Performance share rights granted in November 2020 1,268,295 Shares issued/delivered (733,024) Lapsed and canceled rights (497,306) NUMBER OF PERFORMANCE SHARE RIGHTS AT DECEMBER 31, 2020 4,965,834 Performance share rights granted in November 2021 1,184,475 Shares issued/delivered (904,712) Lapsed and canceled rights* (324,838) NUMBER OF PERFORMANCE SHARE RIGHTS AT DECEMBER 31, 2021 4,920,759 Rights granted under the 2017 plan, including 237,758 rights that * lapsed because the performance condition had only been partly met, and 87,080 rights that lapsed after they had been withdrawn. The fair value of the performance shares corresponds to the Saint-Gobain share price on the grant date less the value of dividends not payable on the shares during the vesting period and, as for the Group Savings Plan, minus the cost of the four-year lock-up feature, which has been estimated at around 30% of the share price. The expense is recognized over the vesting period, which covers a maximum of four years. Number of rights

SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 304

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