In 2018, at the proposal of the Compensation Committee, the Board of Directors allotted stock options to approximately 70 Group senior executives. The exercise price amounts to €111.27 per option, with a three-year vesting period. Executive Committee members were granted a total of 132,199 options in March 2018 and 72,078 in July 2018.

In combination with the stock option plan, the Board of Directors granted performance share units to approximately 450 Group executives, for a possible payout in three years’ time if pre-set performance objectives (underlying EBITDA growth, CFROI, and GHG Intensity reduction) are met. Executive Committee members were granted a total of 22,322 PSU in February 2018 and a further grant of 13,842 PSU's in July 2018.

Country

 

Name

 

Function

 

Number of Options(1)

 

Number of PSU's(2)

(1)

Stock options: Black Scholes fair value for February 2018 grant was at €19.10 and €20.81 for July 2018 exceptional grant

(2)

PSU’s share price for February 2018 grant was at €113.11 and €108.38 for July 2018 grant

(3)

Mr Clamadieu was not eligible for the July 2018 exceptional grant

Belgium

 

Clamadieu, Jean-Pierre(3)

 

Chairman of the Executive Committee

 

47,120

 

7,957

Belgium

 

De Cuyper, Vincent

 

Member of the Executive Committee

 

25,102

 

4,517

Belgium

 

Hajjar, Karim

 

Member of the Executive Committee

 

27,720

 

4,959

Belgium

 

Juéry, Pascal

 

Member of the Executive Committee

 

29,029

 

5,180

Belgium

 

Tandeau de Marsac, Cécile

 

Member of the Executive Committee

 

25,102

 

4,517

Belgium

 

Di Donfrancesco, Augusto

 

Member of the Executive Committee

 

25,102

 

4,517

Belgium

 

Du, Hua

 

Member of the Executive Committee

 

25,102

 

4,517

TOTAL

 

 

 

 

 

204,277

 

36,164

Stock Options held in 2018 by Executive Committee Members

Country

 

Name

 

Stock-options

 

31/12/2018

   

Held at 31/12/2017

 

Granted in 2018

 

Exercised in 2018

 

Expired in 2017

 

Held

 

Exercisable

 

Non exercisable

Belgium

 

Clamadieu, Jean‑Pierre

 

223,639

 

47,120

 

0

 

0

 

270,759

 

72,532

 

198,227

Belgium

 

De Cuyper, Vincent

 

84,668

 

25,102

 

0

 

0

 

109,770

 

41,534

 

68,236

Belgium

 

Hajjar, Karim

 

66,628

 

27,720

 

0

 

0

 

94,348

 

10,969

 

83,379

Belgium

 

Juéry, Pascal

 

80,419

 

29,029

 

15,960

 

0

 

93,488

 

23,446

 

70,042

Belgium

 

Tandeau de Marsac, Cécile

 

46,527

 

25,102

 

0

 

0

 

71,629

 

8,775

 

62,854

Belgium

 

Di Donfrancesco, Augusto

 

74,560

 

25,102

 

3,724

 

0

 

95,938

 

27,702

 

68,236

Belgium

 

Du, Hua

 

51,508

 

25,102

 

0

 

0

 

76,610

 

18,756

 

57,854

TOTAL

 

 

 

627,949

 

204,277

 

19,684

 

0

 

812,542

 

203,714

 

608,828