3 _149 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Procedure for assessing agreements entered into in the normal course of business 3.7 TOTAL COMPENSATION AWARDED TO THE GROUP EXECUTIVE COMMITTEE In 2023, the members of the Group Executive Committee (excluding the Managers) received aggregate gross compensation of €6,491,332 (including €1,756,544 corresponding to the variable component for 2022 paid during the first half of 2023). In 2022, the aggregate gross compensation received by Group Executive Committee members totaled €7,764,743.38 (including €3,761,166.00 corresponding to the variable component for 2021 paid during the first half of 2022). The Group Executive Committee members do not receive any compensation as members of the Boards of any Group companies. 3.8 TRADING IN MICHELIN SHARES BY THE CORPORATE OFFICERS AND THEIR CLOSE RELATIVES IN 2023 Supervisory Board Delphine Roussy 212 shares acquired on November 15, 2023 without consideration under the performance share plan (reference price per share: €28.35). To the best of the Company's knowledge, no other transactions in the Company's shares were carried out by the Managing Chairman, the Managers, SAGES, Supervisory Board members or their close relatives during the year. 3.9 PROCEDURE FOR ASSESSING AGREEMENTS ENTERED INTO IN THE NORMAL COURSE OF BUSINESS In accordance with Article L. 225-39 of the French Commercial Code, referring to Article L. 226-10-1 of said Code, the Supervisory Board has established a procedure for the regular review of agreements entered into in the normal course of business, in order to obtain assurance that they are on arm's length terms. The persons directly or indirectly concerned by any of these agreements do not participate in the review. The procedure is performed by members of the Legal Department who refer to the regulatory framework governing these types of agreement.
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