5 Corporate governance Compensation of the management and governing bodies www.saint-gobain.com SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 192 Grant to Mr. Benoit Bazin, Chief executive officer, during the 2021 fiscal year overall grant for performance shares and performance units decided by the Board. At the Board meeting of November 25, 2021, on the proposal of the Nomination and Remuneration Committee, Mr. Benoit Bazin was granted 64,000 performance shares, representing approximately 0.012% of the share capital, less than the sub-cap set by the General Shareholders’ Meeting of June 6, 2019 and less than the 10% cap on the The features of the performance shares, specifically the service and performance conditions to which the allocation is subject and which apply to the Chief executive officer, are explained in this Chapter 5, Section 2.4. Table 7 – Performance shares granted in respect of the term of office and delivered to the Executive corporate officers during the 2021 fiscal year (AMF nomenclature) Name of the Executive corporate officer Plan date Number of shares delivered during the year Availability date Pierre-André de Chalendar, Chairman and Chief executive officer until 06/30/2021 11/23/2017 50,250 11/23/2021 Pierre-André de Chalendar, Chairman of the Board of Directors since 07/01/2021 N/A N/A N/A Benoit Bazin, Chief operating officer until 06/30/2021 N/A N/A N/A Benoit Bazin, CEO since 07/01/2021 N/A N/A N/A Rules for holding shares preceding the delivery date of the performance shares and the amount of the gross fixed compensation applicable at The Chief executive officer is required to retain 50% of the that time). performance shares awarded in 2021 until the end of his duties. However, this holding obligation will cease to apply if and when the total number of Saint-Gobain shares that the Chief executive officer personally holds in registered form – at the date of delivery of the performance shares – represents the equivalent of three years of gross fixed compensation (based on the average opening prices quoted for Saint-Gobain shares in the twenty trading days Performance units No performance unit plans were set up during fiscal year 2021 and there are no longer any performance unit plans being vested (see this Chapter 5, Section 2.4.4). No performance units therefore became exercisable during fiscal year 2021.
RkJQdWJsaXNoZXIy NzMxNTcx