398 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information II. Remuneration of the Members of the Board of Management Overview of remuneration granted and owed in 2024 financial year with payout profile1 1 Simplified depiction. 2 Payment of 2019 cash remuneration component (investment component) in 2020, immediately following the acquisition of shares of BMW common stock subject to holding requirements for 2020– 2024. a) Variable remuneration for the 2024 financial year The variable remuneration for the 2024 financial year and the extent to which targets were achieved are set out above in ↗ Variable remuneration for the 2024 financial year. b) Share-based remuneration component (matching component) 2019 Share-based remuneration components have been included in the remuneration of members of the BMW AG Board of Manage- ment since 2011. In the 2024 financial year, the matching com- ponent of the share-based remuneration for vesting year 2019 was paid out. Under the share-based remuneration programme for financial year 2019, the members of the Board of Manage- ment in office in 2019 received an amount equal to 45% of the gross bonus in effect at the time as additional cash remuneration from the Company for financial year 2019 (the investment com- ponent), which they were each required to invest in shares of the Company’s common stock after taking taxes and deductions into account. Under a matching plan, the member of the Board of Management receives from the Company – at the Company’s discretion – either one additional share of common stock or the equivalent in cash (share-based remuneration compo- nent/matching component) for every three shares of common stock held after the four-year holding period expires. The invest- ment component for financial year 2019 was paid out immedi- ately after the 2020 Annual General Meeting on 14 May 2020, and the shares of common stock were acquired on 15 May 2020 at a price of € 46.17. The holding period for the shares of common stock acquired in 2020 expired on 14 May 2024. The Company settled the matching component in cash based on a reference price of € 103.35. A matching component will be paid for the last time in 2025 for shares of common stuck purchased in May 2021 with the investment component for the 2020 finan- cial year. c) Presentation of remuneration granted and owed The following tables show the remuneration granted and owed to the members of the Board of Management in office during the reporting year. 2023 2019 2020 2021 2022 2025 2029 Four-year holding period for acquired BMW AG shares Share-based remuneration 20192 Four-year holding period for acquired BMW AG shares End of the holding period and payout of matching component 2019 Payout personal cash invest- ment amount 2024 after the Annual General Meeting 2025, Aquisition of BMW AG shares Payout bonus 2024 after the Annual General Meeting 2025 Basic remuneration and fringe benefits Contribution to company pension scheme 14th May 2024 Bonus 2024 Personal cash investment amount 2024