Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 250

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 250
---
 2023): • Basic director’s remuneration: €158,095 ($174,695); • Lead Independent Director’s remuneration: €222,985 ($246,398); • Additional remuneration for the Chair of the Audit & Risk Committee: €30,675 ($33,896); • Additional remuneration for the other Audit & Risk Committee members: €18,877 ($20,859); • Additional remuneration for the Chairs of the other committees: €17,697 ($19,555); and • Additional remuneration for the members of the other committees: €11,798 ($13,037). The total annual remuneration (euro denominated amounts are translated into U.S. dollar as the prevailing closing rate) of the members of the Board of Directors for their service for the last five financial years was as follows:

| (Amounts in $ thousands except Long-term incentives information) | Year ended December 31, 
                    2024 |    2023 |    2022 |    2021 |    2020 |
|:-----------------------------------------------------------------|------------------------:|--------:|--------:|--------:|--------:|
| Base salary1                                                     |                   3,371 |   3,214 |   3,199 |   3,483 |   2,635 |
| Director fees                                                    |                   1,442 |   1,658 |   1,676 |   1,784 |   1,706 |
| Short-term performance-related bonus1                            |                       — |       — |   6,388 |   5,134 |     935 |
| Long-term incentives1, 2                                         |                 241,856 | 141,973 | 141,564 | 109,143 | 148,422 |

1 Includes Executive Chairman and CEO in 2024, 2023, 2022 and 2021 and Chairman and CEO and President and CFO in 2020. Slight differences between the years are possible, due to foreign currency effects. The Executive Chairman and the CEO voluntarily renounced their 2023 Performance Bonus ($2.8 million and $3.1 million, respectively) (which would otherwise have been paid in 2024) due to the high number of fatalities. 2 See “Management and employees—Compensation—Remuneration—ArcelorMittal Equity Incentive Plan .” The annual remuneration