6.4. Stock options and PSU allotted in 2017 to Executive Committee members

In 2017, 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 79,551 options in March 2017, compared with 208,260 options in 2016.

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 16,349 PSU in March 2017 compared with 23,425 PSU in 2016 (2).