191 SEPARATE FINANCIAL STATEMENTS190 SEPARATE FINANCIAL STATEMENTS MONCLER GROUP 2022

8.2 STOCK-BASED COMPENSATION PLANS

The Financial Statements at 31 December 2022 reflects the values of the Performance Shares Plan approved in 2018, in 2020 and 2022.

The costs related to stock-based compensation plans are equal to EUR 10,891 thousand in the 2022, compared with EUR 6,663 thousand in 2021.

On 16 April 2018 the Shareholders Meeting of Moncler ap- proved the adoption of a Stock Grant Plan entitled 2018-2020 Performance Shares Plan ( 2018 Plan ) addressed to Executive Directors and/or Key Managers, and/or employees, and/or collabo- rators, and/or external consultants of Moncler S.p.A. and of its sub- sidiaries, which have strategically relevant roles or are otherwise capable of making a significant contribution, with a view of pursu- ing the Group s strategic objectives.

The object of the Plan is the free granting of the Moncler shares in case certain performance targets are achieved at the end of the vesting period of 3 years.

The performance targets are expressed base on the earning per share index ( EPS ) of the Group in the vesting period, adjusted by the conditions of over/under performance.

The proposed maximum number of shares serving the Plan is equal to n. 2,800,000 resulting from the allocation of treasury shares.

The Plan provides for a maximum of 3 cycles of attribution; the first attribution cycle, approved during 2018, ended with the as- signment of 1,365,531 Moncler Rights. The second attribution cy- cle, approved during 2019, ended with the assignment of 341,514 Moncler Rights.

As regards the first allocation cycle, the plan ended in 2021 and for further information please refer to 2021 Annual Report.

As regards the second allocation cycle: The 3-year vesting period ended with the approval of the

Draft Financial Statements as at December 31, 2021. The performance targets were met at 97.3%, therefore, No.

248,264 shares were assigned to the beneficiaries through the allocation of treasury shares.

As at 31 December 2022 there are no rights in circulation; the ef- fect of the closed plans on the income statement in 2022 amounts to EUR 151 thousand.

On 11 June 2020, the Ordinary Shareholders Meeting has approved, pursuant to art. 114-bis of the Consolidated Law on Fi- nance, the adoption of a Stock Grant Plan denominated 2020 Performance Shares Plan addressed to Executive Directors, Key Managers, employees and collaborators, therein including Mon- cler s external consultants and of its subsidiaries.

The object of the Plan is the free granting of the Moncler shares in case certain Performance Targets are achieved at the end of the vesting period of 3 years.

The Performance Targets are expressed base on the follow- ing index of the Group in the Vesting Period, adjusted by the condi- tions of over/under performance: (i) Net Income, (ii) Free Cash Flow and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan is equal to n. 2,000,000 resulting from capital increase and/or alloca- tion of treasury shares.

The Plan provides for a maximum of 3 cycles of attribution; as regards the first attribution cycle, on 11 June 2020 the Board of Directors resolved the granting of 1,350,000 Moncler Rights. The second attribution cycle, approved during 2021, ended with the as- signment of 463,425 Moncler Rights.

As at 31 December 2022 there are still in circulation 1,093,686 rights related to the first cycle of attribution and 414,583 rights re- lated to the second cycle of attribution. With reference to Moncler S.p.A., as at 31 December 2022 there are still in circulation 165,273 rights related to the first cycle of attribution and 234,813 rights re- lated to the second cycle of attribution.

The effect on the income statement on the year 2022 amount- ed to EUR 7,895 thousand.

On 21 April 2022, the Ordinary Shareholders Meeting has approved, pursuant to art. 114-bis of the Consolidated Law on Fi- nance, the adoption of a Stock Grant Plan denominated 2022

Performance Shares Plan addressed to Executive Directors, Key Managers, employees and collaborators, therein including Mon- cler s external consultants and of its subsidiaries.

The object of the Plan is the free granting of the Moncler shares in case certain Performance Targets are achieved at the end of the vesting period of 3 years.

The Performance Targets are expressed base on the follow- ing index of the Group in the Vesting Period, adjusted by the condi- tions of over/under performance: (i) Net Income, (ii) Free Cash Flow and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan is equal to n. 2,000,000 resulting from allocation of treasury shares.

The Plan provides for a maximum of 3 cycles of attribution; as regards the first attribution cycle, on 4 may 2022 the Board of Di- rectors resolved the granting of 971,169 Moncler Rights.

As at 31 December 2022 there are still in circulation 928,950 rights related to the first cycle of attribution. With reference to Moncler S.p.A. as at 31 December 2022 there are still in circula- tion 258,325 rights; the effect on the income statement in 2022 amounted to Euro 2,753 thousand.

As stated by IFRS 2, these plans are defined as Equity Settled. For information regarding the plan, please see the company s

website, www.monclergroup.com, in the Governance/Sharehold- ers Meeting section.

8.3 SIGNIFICANT NON-RECURRING EVENTS AND TRANSACTIONS

We point out that, on 28 June 2022, the Board of Directors of Mon- cler S.p.A. approved the realignment of the tax value of the Stone Island brand to its statutory value, opting for the regime pursuant to Art. 15 of Italian Decree Law 185/2008; this option entailed the payment of a substitute tax for 16% of the brand s value, equal to EUR 124.1 million, registered under current taxes and the release of EUR 216.4 million in previously-recognised deferred taxes pay- able. The net positive effect of the transaction was thus EUR 92.3 million. Please refer to the paragraph 3.6 for a description of the transaction.

8.4 ATYPICAL AND/OR UNUSUAL TRANSACTIONS

It should be noted that during 2022 the Company did not enter into any atypical and/or unusual transactions.