Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 257

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 257
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 for business performanceachieved at 120% ; 200% STI payout for business  performance achieveat 140% or above for each criteria | Range for Executive Chairman and CEO: 0 to360% with a target at 120% of base salaryRange for CFO and Executive Officers: 0 to240% with a target at 80% of base salary ingeneral (will depend on the region) |
| LTIPSustain shareholder wealthcreation in excess ofperformance of a peergroup and incentivizeexecutives to achievestrategy | Executive Office LTIP* The vesting is subject to a relative TSR (Total Shareholder Return) andto a relative EPS compared to a peer group and to ESG targets over athree year- period*The peer group is determined by the ARCG Committee* No vesting will occur below the weighted average of the peer group orthe target for ESG* Performance is determined by the ARCG CommitteeCFO and Executive Officers LTIP*The vesting is subject to two or three measures depending on thebusiness units or group, Gap to competition, TSR vs. weighted averageof the peer group and ESG*Vesting will occur if the performance is reached*Performance is determined by the ARCG Committee                                                         | Maximum value at grant:180% of base salary for Executive Chairmanand CEOGuideline: 110%-180% of base salary for CFOand Executive Officers depending on region                                               |

Remuneration mix The total remuneration target of the Executive Chairman, CEO and CFO is structured to attract and retain executives; the amount of the remuneration received is dependent on the achievement of superior business and individual performance and on generating sustained shareholder value from relative performance. The following remuneration charts, which illustrate the various elements of the Executive Chairman, CEO, CFO and the other Executive Officers' compensation, show the amounts for 2024 as a percentage of base salary. For each of the charts below, the columns on the left, middle and on the right, respectively, reflect the breakdown of compensation if targets are not met, met and exceeded.

143

| Management report |

Note: no pension contribution

144

| Management report |

Note: Other benefits, as shown above, do not include international mobility incentives that may be provided. 2024 Total remuneration The total remuneration paid in 2024 to members of ArcelorMittal’s senior management listed in “Management and employees—Directors and senior management” (including Mr. Lakshmi N