Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 258

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 258
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. Mittal in his capacity as Executive Chairman and Mr. Aditya Mittal as CEO) was $11.6 million in base salary and other benefits paid in cash (such as health, other insurances, lunch allowances, financial services, gasoline and car allowance) and $13 million in short-term performance-related variable remuneration consisting of a short-term incentive linked to the Company’s 2023 results and retention bonus. During 2024, approximately $1. 4 million was accrued by ArcelorMittal to provide pension benefits to senior management (other than Mr. Lakshmi N. Mittal). No loans or advances to ArcelorMittal’s senior management were made during 2024, and no such loans or advances were outstanding as of December 31, 2024. The following table shows the remuneration received by the Executive Chairman, CEO, CFO and the other Executive Officers as determined by the ARCG Committee in relation to the five most recent financial years including all remuneration components:

145

| Management report |

|                                                        |                             | Executive Chairman7 |        |        |        |         |   CEO6 |        |        |         | Chief Financial Officer and ExecutiveOfficers5,6,7 |         |         |        |       |
| (Amounts in $ thousandsexcept for Long-termincentives) |                             |                2024 |   2023 |   2022 |   2021 |    2020 |   2024 |   2023 |   2022 |    2021 |                                               2024 |    2023 |    2022 |   2021 |  2020 |
| Base salary1                                           |                             |               1,580 |  1,536 |  1,529 |  1,700 |   1,374 |  1,791 |  1,678 |  1,670 |   1,783 |                                              7,211 |   6,395 |   5,790 |  5,056 | 2,970 |
| Pension benefits                                       |                             |                   — |      — |      — |      — |       — |    179 |    168 |    167 |     178 |                                              1,235 |   1,041 |   1,066 |  1,348 |   555 |
| Other benefits2