Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 252

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 252
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       | Short-term Incentives |      |
|                   |     | 2024 | 2023 |  2022 |                  2021 | 2020 |
| Lakshmi N. Mittal |     |    — |    — | 3,053 |                 2,908 |    — |
| Aditya Mittal     |     |    — |    — | 3,335 |                 2,226 |  935 |

The following tables provide a summary of the PSUs granted (long-term incentives) to the executive directors on the Board of Directors, as of December 31, 2024. There were no outstanding stock options as of December 31, 2024.

|                   | PSUs granted in2024 | PSUs granted in2023 | PSUs granted in2022 | PSUs granted in2021 | PSUs granted in2020 |
| Lakshmi N. Mittal |             112,635 |              67,857 |              67,662 |              52,166 |              77,372 |
| Aditya Mittal     |             129,221 |              74,116 |              73,902 |              56,977 |              71,050 |
| Term (in years)   |                   3 |                   3 |                   3 |                   3 |                   3 |
| Vesting date1     |     January 1, 2028 |     January 1, 2027 |     January 1, 2026 |     January 1, 2025 |     January 1, 2024 |

1. See “Management and employees—Compensation—Remuneration—ArcelorMittal Equity Incentive Plan", for vesting conditions.

138

| Management report |

Remuneration at a glance - senior management The following table provides a brief overview of the Company’s remuneration policy for senior management. Additional information is provided below.

| ArcelorMittal's Remuneration Policy |                                                                                                  |                                                       |   |                                                                                                                                                                                                                             |
| Remuneration                        |                                                                                           Period | Strategy                                              |   | Characteristic                                                                                                                                                                                                              |
| Salary                              |                                                                                             2024 | Recruitment and retention                             | l | Reviewed annually by the ARCG Committee considering market data                                                                                                                                                             |
| l                                   |                             Increases based on the Company performance and individualperformance |                                                       |   |                                                                                                                                                                                                                             |
|