PSA_GROUP_REGISTRATION_DOCUMENT_2017
CORPORATE GOVERNANCE Compensation of Corporate Officers
Maxime PICAT – Member of the Managing Board Executive Vice-President, Europe Compensation due in respect of the financial year (detailed in table No. 2 below)
Financial year 2016
Financial year 2017
€432,626 €432,626
€1,403,810 €1,403,810
Sub-total (annual compensation)
Value of options allocated during the year
N/A
N/A
40,000 shares valued at €476,000 (fair value estimated according to IFRS applied for the preparation of the consolidated financial statements)
60,000 shares valued at €922,800* (fair value estimated according to IFRS applied for the preparation of the consolidated financial statements)
Value of the performance shares allocated during the financial year (detailed in table No. 6 below)
Sub-total (performance shares)
476,000*
922,800*
Value of other long-term compensation plans
N/A
N/A
TOTAL €2,326,610 Historical value at the award date, calculated for accounting purposes. It does not represent either the current market value or the * discounted present value of the shares on the vesting date (if they vest). It does not correspond to a compensation actually received in respect of this financial year. €908,626
Jean-Christophe QUÉMARD – Member of the Managing Board Executive Vice-President, Africa – Middle-East Compensation due in respect of the financial year (detailed in table No. 2 below)
Financial year 2016
Financial year 2017
€1,340,592 €1,340,592
€1,485,184 €1,485,184
Sub-total (annual compensation)
Value of options allocated during the year
N/A
N/A
60,000 shares valued at €639,600* (fair value estimated according to IFRS applied for the preparation of the consolidated financial statements)
60,000 shares valued at €922,800* (fair value estimated according to IFRS applied for the preparation of the consolidated financial statements)
Value of the performance shares allocated during the financial year (detailed in table No. 6 below)
Sub-total (performance shares)
€639,600*
€922,800*
Value of other long-term compensation plans
N/A
N/A
TOTAL €2,407,985 Historical value at the award date, calculated for accounting purposes. It does not represent either the current market value or the * discounted present value of the shares on the vesting date (if they vest). It does not correspond to a compensation actually received in respect of this financial year. €1,980,192
TABLES SUMMARISING COMPENSATION PAID TO MEMBERS OF THE MANAGING BOARD (TABLE NO. 2 OF THE AFEP-MEDEF CODE)
Amounts for financial year 2016 in €
Amounts for financial year 2017 in €
Carlos TAVARES – Chairman of the Managing Board
Due
Paid in 2016
Due
Paid in 2017 1,300,000 2,016,618
Fixed compensation Variable compensation Exceptional compensation
1,300,000 2,016,618
1,300,000 1,930,500
1,300,000 2,403,954 1,000,000
-
-
-
Company car
2,796
2,796
2,796
2,796
Medical insurance benefit
1,166
1,166
1,184
1,184
TOTAL
3,320,580
3,234,462
4,707,934
3,320,598
Employer contributions included in gross compensation pursuant to Act No. 2013-1278 of 20 December 2013. *
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GROUPE PSA - 2017 REGISTRATION DOCUMENT
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