Groupe Renault - 2020 Universal Registration Document

430 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS Options exercised and shares vested principally concern a vesting of 295,310 shares awarded under Plan 23 for non-residents and 979,206 shares under Plan 24 for residents. The impairment booked corresponds to the difference between the purchase price and the average opening price over the last month of the financial year. It is recognized for shares not allocated to a plan. Stock option and performance share plans The Board of Directors periodically awards performance shares to event of resignation or termination and a decision is made for each Group executives and managers, with prices and exercise periods individual case when an employee leaves at the Company’s specific to each plan. Until 2012, it also periodically granted stock instigation. options, with prices and exercise periods specific to each plan. All plans include performance conditions which determine the number of options or performance shares granted to beneficiaries. Loss of the benefit of stock options or performance shares follows the applicable regulations: all options and rights are forfeited in the New performance share plans were introduced in 2020, concerning 1,440 thousand shares. The vesting period for rights to shares is three years, with no minimum holding period and without distinction between residents and non-residents. Changes in the number of stock options and performance share rights held by personnel A. Stock options Share rights (1) Quantity Weighted average exercise price (€) Weighted average share price at grant and exercise dates (€) Options outstanding and rights not yet vested at January 1, 2020 102,987 37 4,343,329 Granted 37 - 1,443,615 Options exercised or vested rights (471) (1) 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 0 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 the exercise of 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 B. There were no longer any active plans at December 31, 2020. The four-year vesting period of Plan 20 expired in December 2020. Plan Type of plan Grant date Exercise price (€) Options outstanding at December 31, 2020 Exercise period Plan 20 Stock purchase options December 13, 2012 37.43 0 December 13, 2016 – December 12, 2020 TOTAL 0 Performance share plans C. For Plans 23 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 April 29, 2016 - April 29, 2020* None Plan 24 Performance shares February 9, 2017 - 271,300 February 9, 2020* February 9, 2021 February 9, 2020 – February 9, 2021 None Plan 25 Performance shares February 15, 2018 1,054,009 262,950 February 15, 2021 February 15, 2022 February 15, 2021 – February 15, 2022 None Plan 26 Performance shares June 12, 2019 1,392,700 June 12, 2022 None Plan 27 Performance shares February 13, 2020 1,433,315 February 13, 2023 None TOTAL 4,414,274 The performance share rights concerned by these plans expired or vested in 2020. *