Saint Gobain - Registration document 2016

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6 CORPORATE GOVERNANCE
2. Management and Directors’ compensation
146 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
long-term compensation instruments, (stock options,
The Board also seeks to ensure that the allocation of
maximum compensation for that year and has conditioned
year does not represent a disproportionate share of his total
be) to the Chairman and Chief Executive Officer in a given
performance shares and performance units, as the case may
paragraph c) of section 2.2.3 below).
these allocations to demanding ceiling and holding rules (see
Officer
Summary of compensation and benefits allocated to the Chairman and Chief Executive 2.2.2
The following table presents a summary of the total compensation, stock options, performance shares and performance units
allocated to Mr. Pierre-André de Chalendar for the fiscal years ended December 31, 2015 and 2016.
UNITS ALLOCATED TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER (AMF NOMENCLATURE)
TABLE 1 – SUMMARY OF COMPENSATION, STOCK OPTIONS, PERFORMANCE SHARES AND PERFORMANCE
(in EUR before social charges and income tax) Fiscal year 2016 Fiscal year 2015
Chairman and Chief Executive Officer
Pierre-André de Chalendar,
Compensation for the year (see Table 2 for details) 2,632,531 2,386,719
Value in multi-year variable compensation allocated during the year 0 0
Value of stock options granted during the year (see Table 4 for details) 244,200 245,000
Value of performance shares granted during the year (see Table 6 for details) 1,189,900 0
Value of performance units granted during the year 0 1,232,400
TOTAL 4,066,631 3,864,119
Compensation and benefits allocated to the Chairman and Chief Executive Officer 2.2.3
The table below presents a breakdown of the fixed and variable compensation and other benefits allocated to Mr. Pierre-André
de Chalendar for the fiscal years ended December 31, 2015 and 2016.
TABLE 2 – SUMMARY OF THE COMPENSATION OF THE EXECUTIVE DIRECTOR (AMF NOMENCLATURE)
(in EUR before social charges and income tax) 2016 2015
Amount due (2) Amount paid (3) Amount due (2) Amount paid (3)
Pierre-André de Chalendar,
Chairman and Chief Executive Officer
Fixed compensation (1) 1,100,000 1,100,000 1,100,000 1,100,000
Annual variable compensation (1) 1,529,879 1,284,067 1,284,067 1,178,100
Multi-year variable compensation 0 0 0 0
Exceptional compensation (1) 0 0 0 0
Directors’ attendance fees (4) 0 0 0 0
Benefits in kind: company car 2,652 2,652 2,652 2,652
TOTAL 2,632,531 2,386,719 2,386,719 2,280,752
On a gross basis before taxes. (1)
Compensation allocated during the year, regardless of payment date. (2)
Compensation paid during the year. (3)
Attendance fees allocated to Compagnie de Saint-Gobain’s Chairman and Chief Executive Officer for his Director’s duties in non-Group companies in which the (4)
Group holds stakes are repaid to Compagnie de Saint-Gobain in their entirety.