5 Corporate governance Compensation of the management and governing bodies www.saint-gobain.com SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 186 The graphs below show the breakdown of the various components of the compensation of Mr. Pierre-André de Chalendar and Mr. Benoit Bazin, paid during the 2021 fiscal year or awarded in respect of the same fiscal year under their respective mandates of Executive corporate officers, namely: for Mr. Pierre-André de Chalendar, Chairman and Chief executive officer from January 1, 2021 to June 30, 2021; and ■ for Mr. Benoit Bazin, Chief operating officer from January 1, 2021 to June 30, 2021 then Chief executive officer from ■ July 1, 2021 to December 31, 2021. Pierre-André de Chalendar, Chairman and Chief executive officer from January 1, to June 30, 2021 37% 2021 FIXED COMPENSATION = €600,000 (1) 63% VALUE OF PERFORMANCE SHARES GRANTED IN 2021 = €1,012,350 COMPENSATION SUBJECT TO PERFORMANCE CONDITIONS (1) (1) It is specified that Mr. Pierre-André de Chalendar did not receive any performance shares for 2021. In addition, it should be noted that for the period from July 1 to December 31, 2021, only fixed compensation of €225,000 was granted to Mr. Pierre-André de Chalendar, as Chairman of the Board of Directors. Benoit Bazin, Chief operating officer from January 1 to June 30, 2021 40% 2021 FIXED COMPENSATION = €375,000 60% VARIABLE COMPENSATION DUE IN RESPECT OF 2021 = €558,281 COMPENSATION SUBJECT TO PERFORMANCE CONDITIONS (1) (1) Mr. Benoit Bazin did not receive any performance shares in his capacity as Chief operating officer for the period from January 1 to June 30, 2021. Benoit Bazin, Chief executive officer from July 1 to December 31, 2021 14% 2021 FIXED COMPENSATION = €500,000 63% VALUE OF PERFORMANCE SHARES GRANTED IN 2021 = €2,290,656 COMPENSATION SUBJECT TO PERFORMANCE CONDITIONS 23% VARIABLE COMPENSATION DUE IN RESPECT OF 2021 = €843,625 The various components of compensation paid during the 2021 fiscal year or allocated for the same fiscal year to Mr. Pierre-André de Chalendar and Mr. Benoit Bazin were approved by the Board of Directors at its meetings of November 25, 2021 and February 24 2022 in accordance with the compensation policies of the Chairman and Chief executive officer and the Chief operating officer from January 1 to June 30, 2021 and those of the Chairman of the Board of Directors and the Chief executive officer from July 1 to December 31, 2021 approved by the General Shareholders’ Meeting of June 3, 2021 (twelfth, thirteenth, fourteenth and fifteenth Resolutions), as follows: Fixed compensation The fixed portion of the compensation of Executive corporate officers reflects their experience and responsibilities, and is comparable to that of equivalent positions in large companies that are similar in terms of net sales, workforce and international scope of operations. Period from January 1, 2021 to June 30, 2021 Fixed compensation for Mr. Pierre-André de Chalendar, Chairman and Chief executive officer In line with the Compensation policy approved by the General Shareholders’ Meeting of June 7, 2018, the fixed compensation paid to Mr. Pierre-André de Chalendar was set at €1,200,000 for the duration of his term of office of Chairman and Chief executive officer. The Board of Directors and the Nomination and Remuneration Committee noted, upon the renewal of Mr. Pierre-André de Chalendar’s term of office and with the assistance of an external firm, that this level of compensation was at the median for industrial CAC 40 companies comparable to Saint-Gobain in terms of size: sales, workforce and international scope of operations.
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