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REGISTRATION DOCUMENT 2015
Corporate Governance
6.3 Compensation and benefits of corporate officers and governance bodies
280
Year of grant
2012
2013
2014
2015
Date of Board of Directors' meeting
granting the Group performance
units
7/26/2012
7/26/2013
7/24/2014
7/23/2015
Of which granted to
Franck RIBOUD
Number of Group performance units
27,250
27,250
25,000
−
Maximum value of Group performance
units granted during the year
(a)
817,500
545,000
675,000
−
Amount paid
(b)
463,250
0
N/A
N/A
Emmanuel FABER
Number of Group performance units
20,625
20,625
18,000
20,000
Maximum value of Group performance
units granted during the year
(a)
618,750
412,500
486,000
580,000
Amount paid
(b)
350,625
0
N/A
N/A
Group performance unit characteristics
Year paid
2015
2016
2017
2018
Performance conditions
(a)
Objectives set for each
of the 2012, 2013 and
2014 fiscal years
Objectives set for each
of the 2013, 2014 and
2015 fiscal years
Objectives set for each
of the 2014, 2015 and
2016 fiscal years
Objectives set for each
of the 2015, 2016 and
2017 fiscal years
Review to determine whether
performance conditions have been
achieved
•
Achievement of
objectives for fiscal
year 2012
(c)
;
•
Objectives for
fiscal year 2013 not
achieved
(c)
;
•
Partial achievement
of objectives for fiscal
year 2014 at a rate of
€7
(c)
.
•
Objectives for
fiscal year 2013 not
achieved
(c)
;
•
Partial achievement
of objectives for fiscal
years 2014 and 2015
at a rate of €7 and €9,
respectively
(c)
;
•
Partial achievement
of objectives for fiscal
years 2014 and 2015
at a rate of €7 and €9,
respectively
(c)
;
•
A review will be
conducted in 2017 to
determine whether
the 2016 objectives
were achieved.
•
Partial achievement
of objectives for fiscal
year 2015 at a rate
of €9
(c)
;
•
A review will be
conducted in 2017 and
2018 to determine
whether the 2016 and
2017 objectives were
achieved.
Unit value of Group performance
units
€17 (since the 2013
objectives were not
achieved and the
2014 objectives were
partially achieved)
€0, since no objectives
were 100% achieved in
2013, 2014 and 2015
Maximum €26 (since
the 2014 and 2015
objectives were
partially achieved)
Maximum €29 (since
the 2015 objective was
partially achieved)
(a) See details of these objectives above.
(b) Value determined considering the effective achievement of the objectives.
(c) See details of possible achievement of these objectives above.
As a reminder, the maximum theoretical values are always €30 per GPU at the time of the grant.
The performance conditions are presented in section
Group performance units annual objectives
above.
Amounts paid to the corporate officers in respect of Group performance units
Year ended December 31
(in €)
2014
(a)
2015
(b)
Franck RIBOUD
1,000,000
463,250
Emmanuel FABER
560,000
350,625
(a) Amounts paid in respect of Group performance units granted in 2011 given the achievement of performance conditions in 2011 and 2012 and the non-achieve-
ment of performance conditions for 2013 (see details above).
(b) Amounts paid in respect of Group performance units granted in 2012 given the achievement of performance conditions in 2012 and 2014 and the non-achieve-
ment of the performance condition for 2013 (see details above).
Details of Group performance shares granted to the corporate officers
Grant during the year and history of Group performance share grants to the corporate officers
Group performance shares granted to the corporate officers (information required by the French Financial Markets Authority
recommendation related to disclosures in registration documents on the compensation of corporate officers – Tables 6, 7 and 10 of the
French Financial Markets Authority nomenclature)
It should be noted that, as part of the overall assessment of the Chairman of the Board's compensation, the Board of Directors decided
that no Group performance shares will be granted to him in 2016, as in 2015.