Disclosure of the components of remuneration of corporate officers
made pursuant to the AFEP-MEDEF Code2023 grant of performance shares to the Chairman and Chief Executive Officer
Pursuant to the authorization granted by the Combined Shareholders’ Meeting of April 26, 2022 under
the terms of its 16th resolution, and in accordance with the remuneration policy for executive corporate
officers approved by the Combined Shareholders’ Meeting of April 27, 2023 under the terms of its 7thresolution, the Board of Directors of Kering, at its meeting on October 3, 2023, decided, to grant to theChairman and Chief Executive Officer 7,004 performance shares subject to a three-year vesting period,
with no lock-in period.
This decision to grant performance shares to the Chairman and Chief Executive Officer fails within thewider framework of the grant of 73,222 performance shares to certain Group employees and corporate
officers, corresponding to 0.06% of the share capital as at October 3, 2023. The grant to the Chairmanand Chief Executive Officer represents 9.57% of the total number of shares granted.
Performance conditions
It is recalled that the vesting of all or part of the shares granted to the Chairman and Chief Executive
Officer is subject to the fulfilment of the following financial and non-financial performance conditions,assessed over three years:
Criteria

Relativeweighting

Performance assessment method

Consolidated
recurring
operatingincome40%

Increase observed between the average amount over the three-year vesting period
and the amount observed for the year preceding the year of the grant• No increase: 0 shares• Increase < 5%: 50% of the shares relating to the criterion• Increase ≥ 5%: 100% of the shares relating to the criterion

Consolidated
free cash flowfrom operations

40%

Increase observed between the average amount over the three-year vesting period
and the amount observed for the year preceding the year of the grant• No increase: 0 shares• Increase < 5%: 50% of the shares relating to the criterion• Increase ≥ 5%: 100% of the shares relating to the criterion

Proportionof womenin executive
management
roles

10%

Lift the proportion of women in Top 500 roles to 50% by the end of the vesting period• Representation rate of women < 42%: 0 shares• Representation rate of women ≥ 42% and < 48%: 50% of the shares relating
to the criterion• Representation rate of women between ≥ 48% and < 50%: 80% of the shares relating
to the criterion• Representation rate of women between ≥ 50%: 100% of the shares relating
to the criterion

Biodiversity

10%

Subtotal

100%

Switchover to regenerative agriculture practices by 2025 on 1,000,000 hectares of land
linked to Kering’s supply chain and protection of 1,000,000 hectares in key areasthat are not part of the supply chain• No targets met: 0 shares• One target met: 50% of the shares relating to the criterion• Both targets met: 100% of the shares relating to the criterion

In addition, the number of vested performance shares will be adjusted upward or downward by amaximum proportion of 50%, depending on the performance of the Kering share price relative to thatof a reference panel comprising eight luxury stocks (Burberry, Ferragamo, Hermès, LVMH, Moncler,Prada, Richemont and Swatch) over the reference period.

Service condition
The vesting of performance shares is subject to the Chairman and Chief Executive Officer’s continuedpresence within the Group at the vesting date.
Other applicable rules
In accordance with the provisions of Article L. 225-197-1 of the French Commercial Code and the AFEPMEDEF Code, the Board of Directors has added to this scheme an obligation for the Chairman andChief Executive Officer to hold in registered form, throughout his term of office, a number ofperformance shares representing in value two years of the annual fixed and variable remuneration hereceives at the vesting date of the performance shares.
As recommended by the AFEP-MEDEF Code, the Chairman and Chief Executive Officer has
undertaken to refrain from using hedging instruments, throughout his term of office, on any of the sharesawarded to him under the performance shares award mechanism.

Acknowledgment of the delivery of performance shares granted in 2020 to executive corporate
officers
As a reminder, on October 1st, 2020, the Board of Directors decided to grant 3,760 performance shares
to Mr. François-Henri Pinault, Chairman and Chief Executive Officer, and 2,825 performance shares toMr. Jean-François Palus, Group Managing Director. On October 3, 2023, the Board of Directors noted
the achievement of one of the three financial performance conditions applicable to these performance
shares as well as the level of the adjustment ratio based on a comparison of the Kering share priceperformance with that of a reference panel comprising eight luxury stocks (Burberry, Ferragamo,Hermès, LVMH, Moncler, Prada, Richemont and Swatch) over the applicable reference period.
Accordingly, on October 5, 2023, 940 and 706 performance shares granted in 2020 were delivered toMr. François-Henri Pinault and Mr. Jean-François Palus respectively.

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