49. Remuneration of the Board of Management and the Supervisory Board

Total remuneration granted to the members of the Board of Management amounted to €51.1 million (previous year: €58.5 million).

Under the performance share plan, a total of 169,465 performance shares (previous year: 133,775) were granted to active members of the Bord of Management for fiscal year 2023; their value at the grant date was €18.8 million (previous year: €19.2 million).

No more advances were granted to members of the Board of Management under the performance share plan in fiscal year 2023. Overall, no advances were deducted from payments under the performance share plan (previous year: €1.4 million) in the fiscal year.

Total remuneration granted to the members of the Supervisory Board amounted to €7.5 million (previous year: €5.3 million).

Pension entitlements and benefits to retired members of the board of management

The former members of the Board of Management and their surviving dependents were granted €10.4 million (previous year: €53.5 million). Pension provisions for this group of individuals amounted to €290.3 million (previous year: €273.3 million).

The individual remuneration of the members of the Board of Management and the Supervisory Board is explained in the remuneration report. A comprehensive assessment of the individual remuneration components can also be found there.

Wolfsburg, February 20, 2024

Volkswagen Aktiengesellschaft
The Board of Management