2025 Universal Registration Document

General and financial elements

Total short-term variable remuneration for 2025
Rémunération variable court terme totale pour 2025
Indicator (in €) 2025 (*) 2024 2025/2024 change Upper limit applicable in 2025 Percentage of maximum bonus received in 2025
Total economic and financial part (full-year basis)

Total economic and financial part

(full-year basis)

2025

(*)

1,248,000

Total economic and financial part

(full-year basis)

2024

1,248,000

Total economic and financial part

(full-year basis)

2025/2024 change

0%

Total economic and financial part

(full-year basis)

Upper limit applicable in 2025

1,248,000

Total economic and financial part

(full-year basis)

Percentage of maximum bonus received in 2025

100%

Part based on managerial and ESG performance (full-year basis)

Part based on managerial and ESG performance

(full-year basis)

2025

(*)

790,386

Part based on managerial and ESG performance

(full-year basis)

2024

748,800

Part based on managerial and ESG performance

(full-year basis)

2025/2024 change

+5.55%

Part based on managerial and ESG performance

(full-year basis)

Upper limit applicable in 2025

832,000

Part based on managerial and ESG performance

(full-year basis)

Percentage of maximum bonus received in 2025

95%

Total variable remuneration (full-year basis) Total variable remuneration (full-year basis)

2025

(*)

2,038,386

Total variable remuneration (full-year basis)

2024

1,996,800

Total variable remuneration (full-year basis)

2025/2024 change

+2.08%

Total variable remuneration (full-year basis)

Upper limit applicable in 2025

2,080,000

Total variable remuneration (full-year basis)

Percentage of maximum bonus received in 2025

98%

On a pro rata basis for January-April 2025 On a pro rata basis for January-April 2025

2025

(*)

679,462

On a pro rata basis for January-April 2025

2024

 

On a pro rata basis for January-April 2025

2025/2024 change

 

On a pro rata basis for January-April 2025

Upper limit applicable in 2025

 

On a pro rata basis for January-April 2025

Percentage of maximum bonus received in 2025

 

4.3.1.2 Long-term incentive plans for which Xavier Huillard is eligible
Plans set up on 13 April 2023 and 9 April 2024

These plans are mentioned in paragraph 5.3.1, “Existing long-term incentive plans”, pages 165 to 166.

Mr Huillard is eligible to be granted conditional awards under the following long-term incentive plans in force at 31 December 2025:

Mr Huillard is eligible to be granted conditional awards under the following long-term incentive plans in force at 31 December 2025
  Number of shares in awards granted Fair value at the grant date (in €) Number of shares after reduction due to the end of service as Chief Executive officer on 30 April 2025 Vesting date
Plan set up on 13 April 2023

Plan set up on

13 April 2023

Number of shares in awards granted

36,387

Plan set up on

13 April 2023

Fair value at the grant date

(in €)

3,379,988

Plan set up on

13 April 2023

Number of shares after reduction due to the end of service as Chief Executive officer on 30 April 2025

24,833

Plan set up on

13 April 2023

Vesting date

13 April 2026

Plan set up on 9 April 2024

Plan set up on

9 April 2024

Number of shares in awards granted

35,718

Plan set up on

9 April 2024

Fair value at the grant date

(in €)

3,379,994

Plan set up on

9 April 2024

Number of shares after reduction due to the end of service as Chief Executive officer on 30 April 2025

12,951

Plan set up on

9 April 2024

Vesting date

9 April 2027

In accordance with the provisions of Article 26.3.3 of the Afep-Medef code, Mr Huillard made a commitment not to engage in any hedging transactions in respect of his own risks with regard to the shares in awards granted under the long-term incentive plans for which he is eligible, and agreed to respect this commitment until the end of the holding period for the shares as set by the Board, where applicable.

4.3.1.3 Pension and insurance plans
Retirement benefits for Xavier Huillard

The supplementary pension benefits for which Mr Huillard has been eligible since 1 May 2025, under the defined benefit pension plan set up in March 2010 by the Company for its senior executives, are subject to a payment limit equal to eight times the annual French social security ceiling. No charge in this respect is recognised in VINCI’s parent company financial statements for the year ended 31 December 2025, as the benefits have been externalised.

4.3.1.4 Employment contract, specific pension plans, severance pay and non-competition clause
Employment contract, specific pension plans, severance pay and non-competition clause
Non-executive officer Employment contract Supplementary pension plan Allowances or benefits that could be due as a result of the cessation of duties or a change in duties Allowances for non-competition clause
Xavier Huillard, Chairman of the Board

Xavier Huillard, Chairman of the Board

Employment contract

No

Xavier Huillard, Chairman of the Board

Supplementary pension plan

No

Xavier Huillard, Chairman of the Board

Allowances or benefits that could be due as a result of the cessation of duties or a change in duties

No

Xavier Huillard, Chairman of the Board

Allowances for

non-competition

clause

No

4.3.1.5 Summary of remuneration payable and share awards granted (in €)
Summary of remuneration payable and share awards granted (in €)
Xavier Huillard 2025 2024
Remuneration payable for 2025

Remuneration payable for 2025

2025

1,719,294

Remuneration payable for 2025

2024

3,302,605

Value of awards under the long-term incentive plan set up on 9 April 2024

Value of awards under the long-term incentive plan set up on 9 April 2024

2025

-

Value of awards under the long-term incentive plan set up on 9 April 2024

2024

3,379,994

Total Total

2025

1,719,294
Total

2024

6,682,599
4.3.1.6 Summary of remuneration (in €)
Summary of remuneration (in €)
  2025 2024
Xavier Huillard Amount payable for the year as decided by the Board Amount paid during the year by the Company Amount payable for the year as decided by the Board Amount paid during the year by the Company
Gross fixed remuneration as Chairman of the Board

600,000

600,000

 

 

Gross fixed remuneration as Chairman and Chief Executive Officer(*)

433,333

433,333

1,300,000

1,300,000

Total gross short-term variable remuneration

679,462

1,996,800

1,996,800

1,997,926

Of which:
- Gross short-term variable remuneration

-

1,983,050

-

1,984,176

- Remuneration as a Board member(**)

-

13,670

-

13,750

Benefits in kind(***)

6,499

6,499

5,805

5,805

Total

1,719,294

3,036,632

3,302,605

3,303,731