149 / 330
6
6
CORPORATE GOVERNANCE
2. Management and Directors’ compensation
149
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Performance shares
The following tables show the performance shares granted or delivered to the Chairman and Chief Executive Officer during the
2016 fiscal year.
(AMF NOMENCLATURE)
TABLE 6 – PERFORMANCE SHARES GRANTED IN 2016 TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Name
Plan date
shares granted
Number of
during year
Value (based on method used
financial statements)
to prepare the consolidated
Vesting date Availability date
Performance
conditions
Pierre-André de Chalendar
11/24/2016
67,000
€1,189,900
11/23/2020
11/24/2020
section 2.4.3
See chapter 6
and less than the sub-cap set by the General Shareholders’ Meeting of June 2, 2016.
an IFRS value equivalent to his allocation of performance units in 2015, representing approximately 0.01% of the share capital
During the Board meeting of November 24, 2016, Mr. Pierre-André de Chalendar was granted 67,000 performance shares, with
The features of the performance shares, specifically the service and performance conditions to which the allocation is subject
and which apply to the Chairman and Chief Executive Officer, are explained in chapter 6, section 2.4.
(AMF NOMENCLATURE)
TABLE 7 – PERFORMANCE SHARES DELIVERED IN 2016 TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Name
Plan date Number of shares delivered during year
Availability date
Pierre-André de Chalendar
-
-
-
Rules for holding shares
delivered to him, until the cessation of his duties. However, this obligation will cease to apply if and when the total number of
The Chairman and Chief Executive Officer is required to retain 50% of the performance shares he received in 2016, that will be
applicable at that time).
twenty trading days preceding the delivery date of the performance shares and the amount of his gross compensation
equivalent of five years’ gross fixed compensation (based on the average opening price quoted for Saint-Gobain shares in the
Saint-Gobain shares he personally holds in registered form, at the delivery date of the performance shares, represents the
Performance units
and Chief Executive Officer during 2016, and the number of performance units that became exercisable during the year.
By analogy with the rules applicable to performance shares, the tables below present performance units granted to the Chairman
TABLE 6 BIS – PERFORMANCE UNITS GRANTED IN 2016 TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Name
Plan date
granted during year
Number of performance units
Value of units (based on method
financial statements)
used to prepare the consolidated
period
Exercise
conditions
Performance
Pierre-André de Chalendar
-
-
-
-
-
No performance units plan was implemented during the 2016 fiscal year.
TO EXERCISE DURING 2016
TABLE 7 BIS – PERFORMANCE UNITS THAT THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER WAS ABLE
Name
Plan date
that became exercisable in 2016
Number of performance units
Start date of the exercise period
Pierre-André de Chalendar
11/22/2012
39,300
11/22/2016