5.4. Stock options and PSU allotted in 2019 to Executive Committee members

In 2019, at the proposal of the Compensation Committee, the Board of Directors allotted stock options to approximately 50 Top Group executives. The exercise price amounts to €97.05 per option, with a three-year vesting period. Executive Committee members were granted a total of 118.822 options in Feburary 2019.

In combination with the stock option plan, the Board of Directors granted Performance Share Units to approximately 450 Key executives of the Group, for a possible payout in three years’ time if pre-set performance objectives (i.e. underlying EBITDA growth, CFROI, and GHG emission reduction) are met. Executive Committee members were granted a total of 21.767 PSU in February 2019.

Stock Options granted and held by Executive Committee Members as on December 31,2019