339 Life Is On | Schneider Electric www.se.com Chapter 4 – Corporate Governance Report Corporate Governance 4. LT I P 2 019 continued Plan number Plan 32 Plan 33 Plan 34 Plan 35 Number of rights outstanding as of Dec. 31, 2021 20,817 2,089,452 80,710 17,450 Vesting date/vesting period Mar. 28, 2022 3 years Mar. 28, 2022 3 years Jul. 25, 2022 3 years Oct. 24, 2022 3 years End of holding period Mar. 27, 2023 N/A N/A N/A Presence condition Yes Performance conditions • Yes for 70% of the shares/100% for the Corporate Officers and Executive Committee members • 2019, 2020, 2021 adjusted EBITA average achievement rate (40%) • 2019, 2020, 2021 cash conversion rate average (25%) • TSR ranking at end of 2021 (15%) • 2019, 2020, 2021 Planet & Society barometer index (20%) • Yes for 70% of the shares/100% for the Corporate Officers and Executive Committee members • 2020, 2021 Adjusted EPS improvement average achievement rate (40%) • TSR ranking at end of 2021 vs. bespoke peer group and CAC 40 (30%) • 2019, 2020, 2021 Schneider Sustainability External and Relative Index (30%) % achievement of the Performance conditions 96.86% for Plan 32 and 33 88% for Plan 34 and 35 Detailed achievement of the Performance conditions of Plan 32 and 33 At its meeting of February 16, 2022, the Board of Directors assessed the achievement rate of performance criteria for Plans n° 32 and 33 granted in 2019 based on the Group’s performance over the three-year period 2019-2021, and set the final rate of achievement at 96.86%, i.e. a reduction of 3.14% in relation to the number of shares originally granted. Performance conditions of Plan 32 and 33 Reference period Weight (%) Actual achievement Pay-out rate Weighted pay-out rate Adjusted EBITA margin average achievement rate 2019 13.3% +0.7 pts 100% 31.5% 2020 13.3% + 0 .18 p t s 36% 2021 13.3% +1.4 pts 100% Group cash conversion average rate 2019-2021 25.0% 122.3% 15 0%* 37. 5 %* Relative TSR 2019-2021 15.0% 1 st rank 15 0%* 2 2.5%* Planet & Society barometer/ Schneider Sustainability Impact 2019 6.6% 7.7 7 9 3 .1% 16.86% 2020 6.6% 9.32 79.6% 2021 6.6% 3.92 80.2% Total 100% 96.86% * The good level of cash conversion exceeded the initial ambition and the over-performance of the relative TSR performance condition off-set the under-performance of the adjusted EBITA condition (for 8.5%). Detailed achievement of the Performance conditions of Plan 34 and 35 At its meeting of February 16, 2022, the Board of Directors assessed the achievement rate of performance criteria for Plans n° 34 and 35 granted in 2019 based on the Group’s performance over the three-year period 2019-2021, and set the final rate of achievement at 88%, i.e. a reduction of 12% in relation to the number of shares originally granted. Performance conditions of Plan 34 and 35 Reference period Weight (%) Actual achievement Pay-out rate Weighted pay-out rate Adjusted Earnings per Share (EPS) improvement rate 2020 20% -4.86% 0% 20% 2021 20% +31.77% 100% Relative Total Shareholder Return (TSR) vs. CAC 40 companies 2019-2021 15% 4 th rank 120%* 18%* vs. Panel of peer companies 2019-2021 15% 1 st rank 15 0%* 2 2.5%* Schneider Sustainability External and Relative Index (“SSERI”)** 2019 10% 8 7. 5 % 8 7. 5 % 2 7. 5 % 2020 10% 100% 100% 2021 10% 8 7. 5 % 8 7. 5 % Total 100% 88% Plan n° 34 and 35 have not been granted under the legal framework of the Performance Shares provided by Article L. 225-197-1 of the French Commercial Code. Consequently, the shares to be delivered will be only existing shares acquired through the buy-back program. * The over-performance of the two relative TSR performance condition off-set the under-performance of the adjusted Earnings per Share (EPS) improvement condition (for 10.5%). ** Plan rules n° 34 and 35 have been modified to replace FTSE4GOOD which is decommissioned by Ecovadis for 2021.