_484 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 6 INVESTOR RELATIONS Additional share information 6.5.4 Share grants and performance shares 6.5.4 a) Share grants and performance share plans in effect at December 31, 2023 (Table 9 of the AFEP/MEDEF Corporate Governance Code) The number of shares and performance share rights have been restated to reflect the four-for-one stock split on June 16, 2022. VESTED PLAN AND PLANS IN EFFECT IN 2023 Plan 10 (Excellence) Plan 11 (Excellence) Plan 12 (Managers) Date of the shareholder authorization May 17, 2019 June 23, 2020 June 23, 2020 Date granted by the Managers November 15, 2019 November 13, 2020 November 13, 2020 Number of rights granted 1,509,168 1,944,864 80,080 O/w to: Florent Menegaux(1) (Managing Chairman) - - 48,048 Yves Chapot(1) (General Manager) - - 32,032 Vesting date (in years) November 15, 2023 (4 years) November 13, 2024 (4 years) November 13, 2024 (4 years) End of lock-up period (in years) N/A N/A N/A Performance conditions(2) (period over which criteria are applied: 3 years) Michelin share price that outperforms the CAC 40 by at least 15 points, comparing the average closing price between the second half of 2018 and the second half of 2021 Corporate social responsibility objective: – average change in MEF(3) of less than -1.5 points over the 2019-2021 period – average change in employee engagement rate of more than 1.5 points over the 2019-2021 period Average segment operating margin of at least 12% over the 2019-2021 period(4) Michelin share price outperforms the Euro Stoxx 600 index by at least 15 points, comparing the average closing price in 2019 and in 2022 Corporate social responsibility objective: – average change in MEF(3) of less than -1.5 points over the 2020-2022 period – average change in employee engagement rate of more than 1.5 points over the 2020‑2022 period Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2019-2021 and 2021‑2022 periods(5) Return on capital employed (ROCE) of at least 11% in 2022 Michelin share price outperforms the Euro Stoxx 600 index by at least 15 points, comparing the average closing price in 2019 and in 2022 Corporate social responsibility objective: – average change in MEF(3) of less than -1.5 points over the 2020-2022 period – average change in employee engagement rate of more than 1.5 points over the 2020‑2022 period Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2019-2020, 2020-2021 and 2021‑2022 periods Return on capital employed (ROCE) of at least 11% in 2022 Number of vested shares at December 31, 2023 840,100 3,648 0 Number of canceled or voided share rights 669,068 1,032,272 40,040 NUMBER OF PERFORMANCE SHARES OUTSTANDING AT DECEMBER 31, 2023 0 908,944 40,040 Performance conditions: achievement rate 59% 50% 50% (1) Granted in his capacity as Manager. (2) On a like-for-like consolidated basis, excluding changes in exchange rates for the financial criteria.
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