Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 445

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 445
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,000 employees,

respectively, and the total annual compensation of

ArcelorMittal’s employees in 2024 , 2023 and 2022 was as

follows:

| Employee Information                | Year ended December 31, 
                    2024 |     |  2023 |     |  2022 |
|:------------------------------------|------------------------:|:----|------:|:----|------:|
| Wages and salaries                  |                   6,875 |     | 6,868 |     | 6,463 |
| Defined benefits cost (seenote 8.2) |                      82 |     |   148 |     |   153 |
| Other staff expenses                |                   1,173 |     | 1,318 |     | 1,300 |
| Total                               |                   8,130 |     | 8,334 |     | 7,916 |

The total annual compensation of ArcelorMittal’s key

management personnel, including its Board of Directors, in

2024 , 2023 and 2022 was as follows:

|                                      | Year ended December 31, 
                    2024 |     | 2023 |     | 2022 |
|:-------------------------------------|------------------------:|:----|-----:|:----|-----:|
| Base salary and directors fees       |                      12 |     |   11 |     |   11 |
| Short-term performance-related bonus |                      13 |     |    9 |     |   16 |
| Post-employment benefits             |                       1 |     |    1 |     |    1 |
| Fair value of long-termincentives    |                      14 |     |    9 |     |    7 |

The fair value of the shares allocated based on Restricted Share

Unit (“RSU”) and Performance Share Unit (“PSU”) plans to

ArcelorMittal’s key management personnel was recorded as an

expense in the consolidated statements of operations over the

relevant vesting periods.

As of December 31, 2024 , 2023 and 2022 , ArcelorMittal did not

have any outstanding loans or advances to members of its

Board of Directors or key management personnel, and, as of

December 31, 2024 , 2023 and 2022 , ArcelorMittal had not given

any guarantees for the benefit