382 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 Target remuneration for the 2024 (2023) financial year ILKA HORSTMEIER WALTER MERTL Human Resources and Real Estate, Labour Director since 1 November 2019 Finance since 12 May 2023 FY 2024 FY 2023 FY 2024 FY 2023 in € in % in € in % in € in % in € in % Fixed remuneration Fixed remuneration (base salary) 1,050,000 27 1,050,000 27 900,000 27 570,652 26 Fringe benefits (other remuneration)1 65,693 2 66,981 2 27,273 1 111,981 5 Contribution to the company pension scheme 400,000 10 400,000 10 400,000 12 253,623 11 Total fixed remuneration 1,515,693 38 1,516,981 38 1,327,273 39 936,256 42 Variable remuneration B O N U S Earnings component 575,000 15 575,000 15 475,000 14 301,178 13 Performance component 575,000 15 575,000 15 475,000 14 301,178 13 S H A R E - B A S E D R E M U N E R A T I O N ( P E R S O N A L C A S H I N V E S T M E N T A M O U N T ) ² RoCE component 640,000 16 640,000 16 550,000 16 348,732 16 Strategic focus target component 640,000 16 640,000 16 550,000 16 348,732 16 Total variable remuneration 2,430,000 62 2,430,000 62 2,050,000 61 1,299,820 58 Total target remuneration 3,945,693 100 3,946,981 100 3,377,273 100 2,236,076 100 1 For more information about fringe benefits for the 2023 and 2024 financial years, refer to ↗ Remuneration granted and owed to members of the Board of Management pursuant to § 162 of the German Stock Corporation Act (AktG). 2 Assessment period five years in total: one year for determining the personal cash investment amount, a four-year holding obligation for the shares acquired with the payout amount.