Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 254

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 254
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4, the following long-term incentives vested:

| Vehicle | Date of vesting   | Date of grant     | Number of PSUs andRSUs granted to CFOand other Executiveofficers | Number of sharesacquired by CFO andother Executiveofficers |
| PSUs    | January 1, 2024   | December 14, 2020 |                                                           79,100 |                                                     61,544 |
| RSU     | December 16, 2024 | December 16, 2021 |                                                           32,100 |                                                     32,100 |

Remuneration Remuneration strategy The ARCG Committee assists the Board of Directors to maintain a formal and transparent procedure for setting policy on senior management's remuneration and to determine an appropriate remuneration package for senior management. The ARCG Committee should ensure that remuneration arrangements support the strategic aims of the business and enable the recruitment, motivation and retention of senior executives while complying with applicable rules and regulations. Board oversight To this end, the Board of Directors has established the ARCG Committee to assist it in making decisions affecting employee remuneration. All members of the ARCG Committee are required to be independent under the Company’s corporate governance guidelines, the New York Stock Exchange ("NYSE") standards and the 10 Principles of Corporate Governance of the Luxembourg Stock Exchange.

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| Management report |

The members are appointed by the Board of Directors each year after the annual general meeting of shareholders. The members have relevant expertise or experience relating to the purposes of the ARCG Committee. The ARCG Committee makes decisions by a simple majority with no member having a casting vote and is chaired by Ms. Karyn Ovelmen , Lead Independent Director. Appointments, remuneration and corporate governance committee One of the tasks of the ARCG Committee is to assist the Board of Directors by providing recommendations specifically related to remuneration and compensation. This includes: • reviewing and approving corporate and personal goals and objectives relevant to the compensation of the members of the Executive Office, Executive Officers and senior management as deemed appropriate by the committee, and evaluating their performance in light of these goals and objectives. • making recommendations to the Board of Directors regarding trends in Board remuneration and incentive compensation plans. • Recommending the Company’s framework of remuneration for the members of the Executive Office, Executive Officers and other senior executives as determined by the committee. In making these recommendations, the committee may consider factors that it deems necessary, including a member’s total cost of employment (