S S TR Annual report on remuneration TR A A TE TE G FY 2023 TOTAL SINGLE FIGURE REMUNERATION FOR EXECUTIVE DIRECTORS (AUDITED) G I I C C R The table below sets out the single figure of total remuneration received by the Executive Directors in respect of FY 2023 (and the prior financial year). R E The subsequent sections detail additional information for each element of remuneration. E P P O O R Prior R T company T Total Annual Total incentive Shown in £’000s Salary Benefits Pension fixed bonus LTIP variable Total buyout Total G Executive director G O (1) O Lawrence Stroll VE Year to 31 December 2023 £1 (one) £1 (one) £1 (one) VE R R NAN Year to 31 December 2022 £1 (one) £1 (one) £1 (one) NAN (2) Amedeo Felisa C Year to 31 December 2023 900 1,288 95 2,283 608 n/a 608 2,891 – 2,891 C E Year to 31 December 2022 577 60 60 697 58 n/a 58 755 – 755 E (3) Doug Lafferty F Year to 31 December 2023 470 133 50 653 238 n/a 238 891 – 891 F I I NAN Year to 31 December 2022 299 16 31 346 23 n/a 23 369 1,313 1,682 NAN C C IAL Notes: IAL S 1. Lawrence Stroll has elected to receive a nominal salary only, of £1 per annum, and receives no other elements of remuneration S 2. 2022 remuneration for Amedeo Felisa relates to the period since becoming CEO, 4 May to 31 December 2022. The 2023 benefits figure for Amedeo Felisa includes both the 2022 and 2023 T cost of commuting flights between Italy and the UK, the Company also met the tax payable on these flights – full details are set out on page 112 T A 3. 2022 remuneration for Doug Lafferty relates to the period since joining, 1 May to 31 December 2022. As compensation for incentives he forfeited on leaving his previous employer, Doug A T T E Lafferty received buyout awards in 2022 and full details of these are set out in the Annual Report FY 2022 E M M E E N N T SALARY (AUDITED) T S S The Executive Directors’ 2023 salaries were as follows (effective from 1 January 2023) F – Amedeo Felisa (CEO) – £900,000 F U U R – Doug Lafferty (CFO) – £470,000 R T T H H E E R R INF The Committee reviewed the CEO and CFO’s salaries for 2024 and decided to apply an increase of 3%, taking their salaries to £925,000 and £485,000 INF respectively from 1 April 2024. This level of increase is lower than the average 2024 pay increases that will apply for employees across the workforce. OR OR M The Committee recognises that the CEO and CFO salaries appear high in a UK FTSE 250 context and continues to benchmark remuneration against global M A A T automotive and luxury companies, as these are the most relevant peers. The Committee considers the salary levels to be appropriate, as they: T I I ON ON – reflect the experience these executives have as proven talented automotive and manufacturing leaders – value the skills required to deliver the Company’s strategic objectives and financial targets – recognise the size of the task to deliver the turnaround of Aston Martin to achieve its full potential In his role as Executive Chairman, Lawrence Stroll has elected to receive a nominal salary only, of £1 per annum, and receives no other elements of remuneration. PENSION (AUDITED) Each Executive Director receives a cash allowance in lieu of participation in the defined contribution scheme. They receive an allowance of 12% of salary with a deduction for an amount equal to the employer’s National Insurance contribution. As disclosed in our Remuneration Policy, the Executive Directors’ pension allowances are in line with the majority of employees. The maximum level of employer pension contribution throughout the organisation is the same regardless of seniority (at 12% of salary for UK employees). No Director has a prospective entitlement to receive a defined benefit pension. ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 111