Company: SNY
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0001121404-25-000010
Chunk: 245

Company: Sanofi
Filing Date: 2025-02-13
Form: 20-F
Chunk 245
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 AFEP-MEDEF Code) Paul Hudson was awarded 75,000 performance shares on April 20, 2021. The Board of Directors meeting of February 22, 2024 noted the level of achievement of the performance conditions applicable to this plan (95%), and 71,423 shares vested in Paul Hudson on May 2, 2024.

| Source | Plan date      | Number of performanceshares vestingduring the period |
| Sanofi | April 30, 2021 |                                               71,423 |

In accordance with the compensation policy for the Chief Executive Officer, until he ceases to hold office Paul Hudson must retain a quantity of Sanofi shares equivalent to 50% of the capital gain calculated as of the vesting date of performance shares, net of taxes and social security/health insurance contributions that would apply in the event of a sale on that date (i.e. on May 2, 2024, the delivery date), at the highest applicable marginal rate. Pursuant to that rule, Paul Hudson must retain 11,577 shares under the plan dated April 30, 2021. Because awards of stock options to our Chief Executive Officer are not permitted under our compensation policy, tables No. 4 and No. 5 of the AFEP-MEDEF Code are not applicable. Pension rights Paul Hudson is entitled to benefits under the top-up defined-contribution pension plan introduced within Sanofi on January 1, 2020. Under the terms of the plan, the Chief Executive Officer receives (subject to attainment of a performance condition) an annual contribution of up to 25% of his reference compensation (annual fixed and variable compensation). The performance condition for the vesting of pension rights is linked to the attainment of the performance criteria for 2024 variable compensation. The Board of Directors, at its meeting of February 12, 2025, ascertained whether that performance condition had been met, noting that the global attainment level for the variable portion of Paul Hudson’s compensation for the 2024 financial year was 122.20% . The annual gross contribution is paid as follows: • 50% as a gross insurance premium to the fund manager – the amount due to the fund manager with respect to 2024 is € 495,775 ; and • 50% to Paul Hudson, to indemnify him for the social security and tax charges for which he will become immediately liable. The amount due to Paul Hudson in respect of 2024 was set by