136 / 158
136
LISI 2016 FINANCIAL REPORT
Compensation of the CEO and the Deputy CEO
In 2016, the variable portion of executive compensation is capped at
75% of the fixed remuneration. The allocation formula for the criteria
used to determine the variable portion is as follows:
–
–
operating margin representing 30% of the fixed remuneration;
–
–
Free Cash Flow rate representing 20% of the fixed remuneration;
–
–
rate of achievement of strategic objectives representing 25% of the
fixed remuneration.
The expected level of achievement of the above objectives has been
established precisely but is not released for confidentiality reasons.
The tables summarizing the compensation and options and shares allocated to each corporate officer director of LISI S.A. are as follows in € :
EMMANUEL VIELLARD
CEO OF LISI S.A.
2016
2015
Remuneration due for the period
588,824
541,367
Valuation of the options granted during the financial year *
None
None
Valuation of the performance shares granted during the financial year *
146,225
123,889
TOTAL
735,049
665,256
* Valuation at the share price prevailing on the date of the Board of Directors meeting which approved the plan, i.e. €24.63 for the 2015 plan and €29.25 for the 2016 plan.
JEAN-PHILIPPE KOHLER
DEPUTY CEO OF LISI S.A.
2016
Remuneration due for the period
494,297
Valuation of the options granted during the financial year *
None
Valuation of the performance shares granted during the financial year *
146,225
TOTAL
640,522
* Valuation at the share price prevailing on the date of the Board of Directors meeting which approved the plan, i.e. €29.25 for the 2016 plan.
The tables summarizing the compensation of each corporate officer manager of LISI S.A. are as follows in euros: € :
EMMANUEL VIELLARD
CEO OF LISI S.A.
Amounts for financial 2016
Amounts for financial 2015
due
paid
due
paid
Fixed remuneration
358,021
363,955
337,832
337,646
Variable compensation
210,000
176,000
176,000
178,000
Incentives
17,530
24,264
24,264
32,730
Exceptional remuneration
None
None
None
None
Benefits in kind *
3,273
3,273
3,270
3,270
TOTAL
588,824
567,492
541,367
551,646
* Benefits in kind: company car.
JEAN-PHILIPPE KOHLER
DEPUTY CEO OF LISI S.A.
Amounts for financial 2016
due
paid
Fixed remuneration
296,179 301,517
Variable compensation
178,000 123,000
Incentives
17,530
24,264
Exceptional remuneration
None
None
Benefits in kind *
2,588
2,588
TOTAL
494,297 451,369
* Benefits in kind: company car.
Information regarding the company and corporate governance
7