technicolor - 2019 Universal registration document

CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

Long-Term Incentive Plan – LTIP 2019 Upon recommendation by the Remunerations Committee, the Board of Directors, making use of the authorization given by the Shareholders’ Meeting of June 14, 2019 in its 20 th resolution, granted Restricted Shares. The table below summarizes the characteristics of these grants.

Long-Term Incentive Plans 2019 – LTIP 2019 Shareholders’ Meeting authorizing the attributions Remunerations Committee recommending the grants Number of beneficiaries (as of December 31, 2019) Number of outstanding shares (as of December 31, 2019) Board of Directors approving grants

June 14, 2019 (20 th resolution)

-

Apr. 16, 2019

June 14, 2019

July 24, 2019

November 5, 2019

177

2,609,306 representing 0.63% of the share capital

Vesting period Holding Period

3 years

None except for the members of the Executive Committee who should retain, until the term of their contracts, at least 10% of the vested Performance Shares

Delivery Date

June 14, 2022 or as promptly as possible thereafter (subject to presence condition on that date)

Characteristics of the LTIP – Performance conditions Performance conditions None

Characteristics of the LTIP – Presence condition Cases of forfeiture

4

Beneficiary of Restricted shares who would leave the Group before the expiration of the vesting period of at least three years. Case of legal premature exit (including cases of death, disability, retirement, termination without cause) and other customary exceptions decided upon by the Board of Directors.

Exceptions

The plan prevents beneficiaries who are members of the Executive Committee from using hedging instruments for the restricted shares and requires that they retain a significant number of shares up until the termination of their positions within the Group.

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