Investor relations Additional share information 06 6.5.4 SHARE GRANTS AND PERFORMANCE SHARES 6.5.4 a) Share grants and performance share plans in effect at December 31, 2024 (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 2024 Plan 11 (Excellence) Plan 12 (Managers) Plan 14 (Excellence) Date of the shareholder authorization June 23, 2020 June 23, 2020 June 23, 2020 Date granted by the Managers November 13, 2020 November 13, 2020 November 17, 2021 Number of rights granted 1,944,864 80,080 1,222,508 O/w to: n Florent Menegaux(1) (Managing Chairman) 48,048 - n Yves Chapot(1) (General Manager) 32,032 - Vesting date (in years) November 13, 2024 (4 years) November 13, 2024 (4 years) November 17, 2025 (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) n Michelin share price outperforms the Euro Stoxx 600 index by at least 15 points, comparing the average closing price in 2019 and in 2022 n Corporate social responsibility objective: – average change in MEF(3) of less than -1.5 points over the 20202022 period – average change in employee engagement rate of more than 1.5 points over the 2020‑2022 period n Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2019-2021 and 2021‑2022 periods(5) n Return on capital employed (ROCE) of at least 11% in 2022 n Michelin share price outperforms the Euro Stoxx 600 index by at least 15 points, comparing the average closing price in 2019 and in 2022 n Corporate social responsibility objective: – average change in MEF(3) of less than -1.5 points over the 20202022 period – average change in employee engagement rate of more than 1.5 points over the 2020‑2022 period n Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2019-2020, 2020-2021 and 2021‑2022 periods n Return on capital employed (ROCE) of at least 11% in 2022 n Michelin share price outperforms the Euro Stoxx 600 index by at least 5 points, comparing the average closing price in 2020 and in 2023 n Corporate social responsibility objective: – i-MEP below 88 points in 2023 – average change in employee engagement rate of more than 1 point over the 2021‑2023 period n Average annual growth in revenue (excluding tires and distribution) of at least 8% over the 2020-2021, 2021‑2022 and 2022-2023 periods n Return on capital employed (ROCE) of at least 11% in 2023 Number of vested shares at December 31, 2024 893,176 40,040 0 Number of canceled or voided share rights 1,051,688 40,040 517,420 NUMBER OF PERFORMANCE SHARES OUTSTANDING AT DECEMBER 31, 2024 0 0 705,088 Performance conditions: achievement rate 50% 50% 62% (1) Granted in his capacity as Manager. (2) On a like-for-like consolidated basis, excluding changes in exchange rates for the financial criteria. 476 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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