Corporate governance report Individual compensation paid or awarded to the Managers and the Chair of the Supervisory Board for 2024 02 2.5.3 VOTE BY SHAREHOLDERS AT THE ORDINARY SHAREHOLDERS MEETING OF MAY 16, 2025 ON THE COMPENSATION PACKAGE OF YVES CHAPOT, GENERAL MANAGER This section presents the components of the compensation paid or awarded to Yves Chapot for 2024 in his capacity as General Manager. Compensation components put to the vote Amounts paid in 2024 Amounts awarded in respect of 2024 OR Value OR Simulation Presentation Fixed compensation €770,000.00 €770,000.00 The annual fixed compensation amount for 2024 was determined in accordance with the 2024 compensation policy described in the 2023 Universal Registration Document (page 115) and approved by the Annual Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast). Annual variable compensation €945,907.24 €579,828.48 (Amount that may be awarded in respect of 2024 in application of the 2024 compensation policy, payable in 2025) The amount paid in 2024: n was due for 2023 and was determined in accordance with the 2023 compensation policy, as described in the 2022 Universal Registration Document (pages 107 to 109) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (10th resolution, adopted by an 98.22% majority of the votes cast); n is the subject of detailed disclosures in section 3.4.4.2 of the 2023 Universal Registration Document. The amount awarded in respect of 2024: n was determined in accordance with the 2024 compensation policy, as described in the 2023 Universal Registration Document (pages 115 to 118) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast); n is the subject of detailed disclosures in section 2.4.4.2 of the 2024 Universal Registration Document. Deferred variable compensation N/A N/A No compensation awarded or paid Exceptional compensation N/A N/A N/A Stock options, performance shares and other long-term compensation (stock warrants, etc.) N/A €595,032.71 (value at December 31, 2024 of the 34,883 performance share rights awarded in November 2024) This award was made in application of: n the 2024 compensation policy, as described in the 2023 Universal Registration Document (page 119) and approved by the Ordinary Shareholders Meeting of May 17, 2024 (6th resolution, adopted by a 96.51% majority of the votes cast); n the 14th resolution of the Annual Shareholders Meeting of May 12, 2023 (see pages 455 et seq. of the 2022 Universal Registration Document), adopted by an 87.04% majority of the votes cast. 136 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
RkJQdWJsaXNoZXIy NzMxNTcx