_130 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Information about the components of compensation paid or awarded to the corporate officers 3.4.4 Compensation package of Yves Chapot, General Manager The Compensation and Appointments Committee of the Supervisory Board has reviewed all the components of the compensation paid to Yves Chapot in 2023 or awarded to him in respect of 2023 in his capacity as General Manager, pursuant to the 2023 compensation policy. This policy is described in the Corporate Governance Report (the “2023 compensation policy”) reproduced in the 2022 Universal Registration Document(1) and was presented to the Annual Shareholders Meeting of May 12, 2023 by the Chair of the Compensation and Appointments Committee(2). COMPENSATION PAID TO YVES CHAPOT DURING FISCAL YEAR 2023 (1) Long-term compensation takes into account the book value of performance shares granted to the Managers in 2023. 3.4.4.1 Fixed compensation In application of the 2023 compensation policy, the fixed compensation received by Yves Chapot amounted to €770,000.00. 3.4.4.2 Annual variable compensation Yves Chapot’s annual variable compensation was determined in application of the 2023 compensation policy, based on the recommendation of the Supervisory Board. (1) See sections 3.3.1 and 3.3.2 of the 2022 Universal Registration Document. (2) See the information/presentations on the May 12, 2023 Annual Shareholders Meeting on the Company’s website www.michelin.com. 29% Annual variable compensation 39% Fixed compensation 32%(1) Long-term incentive bonus Subject to performance conditions
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