391 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 share-based remuneration1 1 Simplified depiction. 2 At least two strategic focus targets and their proportion of the target amount are determined by the Supervisory Board. 3 Exemplary illustration of price development. 4 Payment of the personal cash investment amount, acquisition of shares and the start of the four-year holding period occur as part of the next payroll run after the Annual General Meeting at which the annual financial statements for the vesting year are presented. Target amount for the personal cash investment amount The target amounts for the individual members of the Board of Management for the 2024 financial year are presented in the ta- ble ↗ Overview of share-based remuneration for financial year 2024. RoCE component of the personal cash investment amount Prior to the beginning of the relevant vesting year, the Supervi- sory Board sets minimum, target and maximum values for the RoCE in the Automotive segment in the vesting year on the basis of corporate planning, and assigns an RoCE factor to each of these values. If the minimum value is not reached, the RoCE fac- tor is 0. If the target value is reached, the RoCE factor is 1.00. If the maximum value is reached or exceeded, the RoCE factor is 1.80. The RoCE component of the personal investment cash amount is determined by multiplying the RoCE factor for the vest- ing year by 50% of the individual target amount. Strategic focus target component of the personal cash investment amount The Supervisory Board sets at least two strategic focus targets before the start of the vesting year. It derives these targets from the corporate strategy and corporate planning. It then sets a min- imum, target and maximum value for each strategic focus target, and assigns a factor to each of these values. If the minimum value is not reached, the factor for that target is 0. If the target value is reached, the factor for that target is 1.00. If the maximum value is reached or exceeded, the factor for that target is 1.80. The strategic focus target component of the personal cash investment amount is determined in a two-step process. The factor for the vesting year achieved for the relevant strategic fo- cus target is multiplied by the share of the individual target amount attributable to this target. The values determined for the individual strategic focus targets using this calculation are then added together. If two strategic focus targets are set, each stra- tegic focus target accounts for 25% of the individual target amount. If more than two strategic focus targets are set, the Su- pervisory Board determines the weighting of each target. Performance period: 1 year 50% RoCE factor Extent of target achievement for RoCE in the Automotive segment (Value between 0 and 1.80) Target amount Freely available shares 50% Strategic focus target factor Extent of target achievement for strategic focus targets2 (Value between 0 and 1.80) Target amount Acquisition of shares4 (amounting to 100% of the payment amount) Taxes and deductions Personal cash investment amount (capped at 180% of the target amount) Amount paid out = = Total performance period: 5 years Performance period: 4 years FY n FY n+1 FY n+2 FY n+3 FY n+4 FY n+5 Share performance over 4 years3