Special Award 2022-2026

On 14 December 2021 the Shareholders’ Meeting resolved to approve the medium / long-term incentive plan referred to as “Special Award 2022-2026”, which provides for the assignment of ordinary shares of Salvatore Ferragamo S.p.A. – upon the achievement of certain conditions – to the Chief Executive Officer and General Manager, as well as to any other top managers of the Ferragamo Group.

The medium-long term variable bonus will be paid, upon achievement of specific objectives, in two tranches to be paid 50% in cash and 50% in Shares, respectively, (a) at the end of the first three-year period commencing on 1 January 2022 and (b) at the end of the following two-year period.

The Plan is designed to strengthen, particularly as part of the overall remuneration package for the Chief Executive Officer and General Manager and any additional beneficiaries, the alignment of interests between top management and all the Ferragamo Group's stakeholders, the creation of value, providing incentives for the beneficiaries to achieve the Company's medium/long-term objectives, which will be reflected in the strategic plan currently being drawn up, and also encouraging their retention.