375 Life Is On | Schneider Electric www.se.com Financial Statements 5. Chapter 5 – Consolidated financial statements at December 31, 2021 On May 31, 2020, the Group decided to cancel 15 million of treasury shares, decreasing the share premium account by EUR 929 million. On November 24, 2020, the Group issued a sustainability-linked convertible bond (convertible into or exchangeable for a new or existing shares (OCEANEs)), with a nominal amount of EUR 650 million. This zero-coupon bond of maturity date in 2026 offers investors a premium (0.5% of nominal amount) in case the company underperforms sustainability objectives. The equity component of this convertible bonds has been valued at EUR 43 million and has been recognised in “Additional paid-in capital”. In 2021, the share premium account increased by EUR 208 million following the increases in capital. 19.2 – Earnings per share (in thousands of shares and in euros per share) Full Year 2021 Full Year 2020 Basic Diluted Basic Diluted Issued shares (Net of treasury shares and own shares) 556,432 556,432 553,767 553,767 Performance shares – 4,566 – 135 Bonds convertible into shares – 3,684 – 3,684 AVERAGE WEIGHTED NUMBER OF SHARES 556,432 564,682 553,767 5 57,5 8 6 Earnings per share before tax 7. 47 7. 3 6 5.07 5.04 EARNINGS PER SHARE 5.76 5.67 3.84 3.81 19.3 – Dividends paid and proposed In 2021, the Group paid out the 2020 dividend of EUR 2.60 per share, for a total of EUR 1,447 million. At the Shareholders’ Meeting of May 5, 2022, shareholders will be asked to approve a dividend of EUR 2.90 per share for fiscal year 2021. At December 31, 2021 Schneider-Electric SE had distributable reserves in an amount of EUR 2,856 million (versus EUR 4,126 million at the previous year-end), not including profit for the year. 19.4 – Share-based payments Current stock grant plans The Board of Directors of Schneider Electric SE and later the Management Board have set up performance shares plans for senior executives and certain employees of the Group. The main features of these plans were as follows at December 31, 2021: Plan no. Date of the Board Meeting Vesting date End of lock-up period Number of shares initially granted Grants cancelled because objectives not met Plan 30 03/26/2018 03/26/2021 03/26/2022 25,800 2,808 Plan 31 03/26/2018 03/26/2021 03/26/2021 2,318,140 281,629 Plan 31 bis 10/24/2018 10/24/2021 10/24/2021 28,000 3,313 Plan 32 03/26/2019 03/28/2022 03/28/2023 25,800 4,983 Plan 33 03/26/2019 03/28/2022 03/29/2022 2,313,650 2 24 ,19 8 Plan 34 07/24/2019 07/25/2022 07/26/2022 87,110 6,390 Plan 35 10/23/2019 10/24/2022 10/25/2022 17,450 – Plan 36 03/24/2020 03/24/2023 03/24/2024 18,000 – Plan 37 03/24/2020 03/24/2023 03/27/2023 2,0 9 5,74 0 98,950 Plan 37 bis 10/21/2020 10/23/2023 10/24/2023 103,0 51 4,300 Plan 38 03/25/2021 03/25/2024 03/25/2025 11, 371 – Plan 39 03/25/2021 03/25/2024 03/25/2024 1,463,997 14,873 Plan 39 bis 07/29/2021 07/29/2024 07/29/2024 48,720 380 Plan 39 ter 10/26/2021 10/26/2024 10/26/2024 33,082 – TOTAL 8,589,911 641,824 Rules governing the performance shares plans are as follows: • to receive the shares, the grantee must generally be an employee or corporate officer of the Group. Vesting is also conditional on the achievement of performance criteria; • the vesting period is three to four years; • the lock-up period is zero or one year.