4 Compensation system for the Group Executive Committee

The compensation of the members of the Group Executive Committee consists of fixed, short-term variable, and long-term variable compensation. Based on the benchmarking analysis performed in 2022, the targeted compensation split for the members of the Group Executive Committee, excluding CEO/COO, was adjusted to reflect a higher weight on the variable compensation. Assuming the 100% achievement of targets, the new targeted split between the different compensation components for the CEO (or the COO, respectively, if and for as long as the Chairman has a dual mandate as Chairman and CEO) and for other members of the Group Executive Committee is as follows: