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G
Corporate governance and capital
G.4
Executive compensation and stock ownership
Atos
|
Registration Document 2016
273
G
Summary of the Compensation and Stock-Options and Performance Shares
G.4.2.3
granted to the Chairman and CEO – AMF Table
1
Thierry Breton
– Chairman and CEO
2016
(in euros)
2015
(in euros)
Due remuneration for the relevant year
3,013,729
2,799,533
Value of options granted during the year
-
-
Value of Performance Shares granted during the year
2,456,445
2,142,282
TOTAL
5,470,174
4,941,815
2016 (20
th
resolution), after modulation according to the
General Meeting held on May 27, 2014 (22
nd
resolution), and on
to the authorization granted by the Atos shareholders’ Combined
Atos shareholders’ Combined General Meeting held on May 26,
July 26, 2016, according to the authorization granted by the
Directors to the Chairman and CEO, on July 28, 2015 according
As a reminder, performance shares granted by the Board of
effective performance of the Group in 2016, have been valued
retained for the consolidated financial statements.
based on fair value as determined pursuant to IFRS 2 standard
subsidiaries – AMF Table
2
Summary of the Chairman and CEO’s compensation, paid by the Company and its
G.4.2.4
(in euros)
2016
2015
Due
Paid
Due
Paid
Fixed remuneration
1,350,000
1,350,000
1,350,000
1,350,000
Variable remuneration
1,656,991
1,602,991
1,442,813
1,371,263
Exceptional remuneration
-
-
-
-
Atos SE director’s fees
-
-
-
-
Fringe benefits
6,738
6,738
6,720
6,720
TOTAL
3,013,729
2,959,729
2,799,533
2,727,983
annual variable compensation.
103.3% for the first semester and 110.4% for the second
payout rate in percentage of the target variable compensation at
the Chairman and CEO corresponds to 106.9% of his target
semester. For 2015, the annual variable compensation due to
In 2015, the financial objectives achievement has triggered a
respectively. For 2016, the annual variable compensation due to
annual variable compensation.
the Chairman and CEO corresponds to 122.7% of his target
In 2016, the financial objectives achievement has triggered a
for the first and the second semester at 127.1% and 118.4%
payout rate in percentage of the target variable compensation
2016
2015
First-half
Second-half
First-half
Second-half
Indicators
Weight
Payout*
Payout*
Payout*
Payout*
Group operating margin
40% >100% >100% >100% >100%
Group free cash flow
1
30% >100% >100% >100% >100%
Group revenue organic growth
30% >100% >100% <100% 100.0%
Payout in % of the semester on-target bonus
127.1% 118.4% 103.3% 110.4%
on the basis of the elasticity curve capped at 130%.
*
before acquisition/disposal and variation of equity and dividends.
1