3 _125 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Information about the components of compensation paid or awarded to the corporate officers 3.4.2 Compensation of Barbara Dalibard, Chair of the Supervisory Board The Compensation and Appointments Committee of the Supervisory Board has reviewed all the components of the compensation paid or awarded to Barbara Dalibard in her capacity as Chair of the Supervisory Board based on the 2023 compensation policy. 3.4.2.1 Compensation for Supervisory Board duties In accordance with the 2022 compensation policy, in 2023, Barbara Dalibard received fixed compensation of €120,000 for her duties as member and Chair of the Supervisory Board in 2022. In application of the 2023 compensation policy: ● in 2023, Barbara Dalibard received fixed compensation of €350,000 for her duties as Chair of the Supervisory Board in that year; ● in 2024, Barbara Dalibard is in line to receive fixed compensation of €50,000 for her duties as member of the Supervisory Board in 2023. No variable compensation was paid or awarded to her during or in respect of 2023. Information about Barbara Dalibard's attendance rates at meetings of the Supervisory Board and its Committees in 2023 is provided in section 3.2.2 of this 2023 Universal Registration Document. 3.4.2.2 Other compensation No other compensation was paid or awarded to Barbara Dalibard during or in respect of 2023. 3.4.3 Compensation package of Florent Menegaux, Managing Chairman and General Partner In his capacity as General Partner of CGEM(1), Florent Menegaux has unlimited joint and personal liability for CGEM's debts. As consideration for this liability, the General Partners each receive a portion of the Company's profits as provided for in the Bylaws. This means that their interests are fully aligned with those of the shareholders, as they are paid this consideration only if the Company makes a profit. The Compensation and Appointments Committee of the Supervisory Board has reviewed all the components of the compensation paid to Florent Menegaux in 2023 or awarded to him in respect of 2023, 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(2) and was presented to the Annual Shareholders Meeting of May 12, 2023 by the Chair of the Compensation and Appointments Committee(3). COMPENSATION PAID TO FLORENT MENEGAUX DURING FISCAL YEAR 2023 (1) Long-term compensation takes into account the book value of performance shares granted to the Managers in 2023. (1) At December 31, 2023, the Company had two General Partners: Florent Menegaux, Managing Chairman, and SAGES, Non-Managing General Partner (see section 3.1.2 of this 2023 Universal Registration Document). (2) See sections 3.3.1 and 3.3.2 of the 2022 Universal Registration Document. (3) See the information/presentations on the May 12, 2023 Annual Shareholders Meeting on the Company’s website www.michelin.com. 30% Annual variable compensation Subject to performance conditions 36% Fixed compensation 34%(1) Long-term incentive bonus
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