GOVERNANCE DIRECTORS’ REMUNERATION REPORT CONTINUED S Executive Directors’ remuneration at a glance TR A TE Our Remuneration Policy was approved by shareholders at the AGM on 25 May 2022 and is set out in full in the 2021 DRR. This can be found in the Annual G I C Report FY 2021 at www.astonmartinlagonda.com. R E P This section explains the outcomes from the implementation of our Policy during FY 2023. O R REMUNERATION OUTCOMES FOR FY 2023 T G FY 2023 Total Single Figure Remuneration for Executive Directors O The table below sets out the 2023 single figure of total remuneration received by the Executive Directors. VE R Amedeo Felisa Doug Lafferty NAN Element CEO (£’000s) CFO (£’000s) Salary 900 470 C Benefits 1,288 133 E Pension 95 50 Annual bonus 608 238 F I LTIP n/a n/a NAN Total 2,891 891 C IAL S Benefits for the CEO include the 2022 and 2023 cost of private flights for travel between Italy and the UK – full details are set out on page 112. T A T 2023 Annual bonus approach and outcome E M The CEO and CFO were eligible to receive an annual bonus of up to 200% and 150% of salary respectively, subject to performance. The table below sets out E N the Group KPI targets that applied for the 2023 annual bonus, the achieved performance and the level of payout as a % of maximum for each element. T S FY 2023 Threshold Target Maximum FY 2023 bonus payment Performance measure (weighting) (20%) (50%) (100%) achieved (% of maximum) F U Adjusted EBITDA (50%) £250m £300m £350m £306m 28% R T Free Cash Flow (20%) – £290m – £240m – £200m – £360m 0% H E Wholesale Volumes (7.5%) 6,400 6,900 7,300 6,620 2.5% R Retail Volumes (7.5%) 6,900 7,400 7,800 5,918 0% INF Quality (15%) Internal: 1 of 2 targets 1.9% OR CPA – Customer Perception Audit – an audit of a car achieved M that has completed all the production processes and is A T intercepted as it would be handed over to the outbound I transport company ON External – Warranty at 3 and 12 months in service: 3 of 8 targets 1.4% (1) CPU – Cost Per Unit achieved (2) DPU – Defects Per Unit Total (100%) 34% ALIGNMENT BETWEEN EXECUTIVE DIRECTORS AND SHAREHOLDERS The CEO and CFO are subject to shareholding guidelines of 300% and 200% of salary respectively, which drives long-term alignment with investors. Having taken up their executive director positions during FY 2022, the CEO held 35,820 shares (value of £81k) and the CFO held 370,990 shares (value of £838k or 178% of salary) as at 31 December 2023. The Committee noted that the CFO had met his shareholding guideline of 200% of salary based on the average share price over the full FY 2023 (which was £2.55). REMUNERATION POLICY AND IMPLEMENTATION IN FY 2024 The implementation of our Remuneration Policy for FY 2024 is set out in the following section (Annual Report on Remuneration). ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 110