2013 Registration document and annual financial report - page 154

Registration Document 2013
152
Corporate Governance
3
Interests and Compensation
Grant date
Total number of
unvested shares
Number
of shares
cancelled
(2)
Total
number
of
grantees Vesting date
End of
lock-up
period
Number
of vested
shares
subject to
lock-up
Number
of vested
shares
no longer
subject to
lock-up Performance conditions
Total
number
of shares
granted
Of
which to
executive
officers
Of which
to the
top ten
employee
grantees
(1)
04/15/2013
(11)
218,050
-
25,750
2,080 793 04/15/2015
or
04/15/2017
(6)
04/15/2017
-
- Actual
versus
budgeted
EBIT margin
Actual
versus
budgeted
operating cash flow
(excluding disposals and
acquisitions)
04/15/2013
(11)
72,500 32,500
(13)
40,000 22,187
8 04/15/2015 04/15/2017
-
- Actual
versus
budgeted
EBIT margin
Actual
versus
budgeted
operating cash flow
(excluding disposals and
acquisitions)
Degree of completion
of budgeted asset
disposals
Accor’s Total
Shareholder Return
(TSR) relative to that of
eight other international
hotel groups
TOTAL
SHARES
(12)
1,125,016
246,528
(1) Excluding executive officers.
(2) Shares cancelled due to grantees leaving the Group or performance conditions not being met.
(3) Recurring operating profit after tax = profit before tax and non-recurring items less tax on recurring items and non-controlling interests.
(4) Granted by the Chairman and Chief Executive Officer pursuant to the Board authorization of February 24, 2009.
(5) After adjustments following the Group’s July 2, 2010 demerger.
(6) In some countries, the vesting period is four years.
(7) Shares acquired by grantees following a two-year vesting period but which are subject to a two-year lock-up period.
(8) Shares vested following the death of a grantee, in accordance with Article L. 225-197-3 of the French Commercial Code.
(9) Granted by the Chairman and Chief Executive Officer pursuant to the Board authorization of February 22, 2011.
(10) Granted by the Chairman and Chief Executive Officer pursuant to the Board authorization of February 21, 2012.
(11) Granted by the Chairman and Chief Executive Officer pursuant to the Board authorization of March 3, 2013.
(12) The total number of shares granted less the total number of shares cancelled represented the equivalent of 0.385% of the Company’s capital at December 31, 2013,
of which 0.041% corresponding to grants to executive officers.
(13) The condition that Mr. Hennequin and Mr. Caillère still be a member of the Group has been waived.
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