Groupe Renault - 2020 Universal Registration Document

386 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS Share-based payments have been valued by the methods described in the accounting policies (note 2-R). The main details are as follows: Plan Initial value (€ thousands) Unit fair value Expense for 2020 (€ million) Expense for 2019 (€ million) Share price at grant date Volatility Interest rate Exercise price (€) Duration Dividend per share (€) Plan 22* 51,509 66.51 - - 78.75 N/A -0.10% N/A 3-5 years 1.90-2.22 19,138 65.19 - 5 76.58 N/A -0.03% N/A 4 years 1.90-2.22 Plan 23* 53,728 66.38 - (20) 80.25 N/A -0.48% N/A 3-4 years 2.40-2.88 19,929 65.72 (2) (7) 76.16 N/A -0.48% N/A 4 years 2.40-2.88 Plan 23 bis 5,348 65.34 - 3 76.99 N/A -0.48% N/A 4 years 2.40-2.88 Plan 24* 53,646 66.18 (3) (31) 82.79 N/A -0.48% N/A 3-4 years 3.15-3.34 22,167 66.16 (5) (4) - N/A -0.48% N/A 4 years 3.15-3.34 Plan 25* 63,533 73.37 (13) (23) 90.64 N/A -0.57% N/A 3-4 years 3.55-4.25 23,096 69.73 (3) (2) 88.93 N/A -0.57% N/A 4 years 3.55-4.25 Plan 26 49,618 42.50 (17) (10) 54.99 N/A - N/A 3 years 3.55-3.50 Plan 27* 582 29.66 - - 34.82 N/A -0.59% N/A 3 years 1.05-1.35 1,166 21.71 - - 23.99 N/A -0.59% N/A 3 years 0.45-0.90 11,062 10.31 (3) - 14.55 N/A -0.54% N/A 3 years 1.05-1.35 TOTAL (46) (89) For these plans, performance shares were awarded at different dates within the stated period. The information reported may correspond to weighted averages based on * quantities awarded per grant date. Changes in the number of stock options and share rights held by personnel G1 Stock options Share rights Quantity Weighted average exercise price (€) Weighted average share price at grant and exercise dates (€) Options outstanding and rights not yet vested at December 31, 2019 102,987 37 4,343,329 Granted - - - 1,443,615 Options exercised or vested rights (471) (1) 37 50 (2) (1,280,066) (3) Options and rights expired and other adjustments (102,516) (1) - - (92,604) Options outstanding and rights not yet vested at December 31, 2020 - 37 - 4,414,274 Stock options exercised or expired in 2020 were granted under plan 20 in 2012. (1) Price at which the shares were acquired by the Group to cover future options. (2) Performance shares vested were mainly awarded under plan 23 for non-residents in 2016 and plan 24 for residents in 2017. (3) Stock options G2 No stock option plans remained active at December 31, 2020 as the 4-year vesting period for plan 20 expired in 2020. Performance share plans and other share-based G3 payment agreements For plans 22 to 25, vesting and minimum holding periods are different depending on whether beneficiaries are French tax residents or tax residents of other countries, in order to take account of local tax constraints. The vesting period for shares awarded to French tax residents is three years followed by a holding period of one year (two years for plan 22). For non-French tax residents, the vesting period is four years and there is no minimum holding period. As from plan 26, the vesting period is three years with no holding period for French or foreign tax residents. Plan Type of plan Grant date Share rights awarded at December 31, 2020 Vesting date Holding period Plan 23 Performance shares and shares awarded as variable remuneration April 29, 2016 * April 29, 2020 None Plan 24 Performance shares and shares awarded as variable remuneration February 9, 2017 * February 9, 2020 February 9, 2020 – February 9, 2021 271,300 February 9, 2021 None Plan 25 Performance shares and shares awarded as variable remuneration February 15, 2018 1,054,009 February 15, 2021 February 15, 2021 – February 15, 2022 262,950 February 15, 2022 None Plan 26 Performance shares and shares awarded as variable remuneration June 12, 2019 1,392,700 June 12, 2022 None Plan 27 Performance shares and shares awarded as variable remuneration February 13, 2020 1,433,315 February 13, 2023 None TOTAL 4,414,274 The share rights concerned by this plan expired or vested in 2020. *