OFFER IN BRIEF
MARCH 11 TO MARCH 25, 2024
Take part in the 2024 Offer and BE AN OWNER (through an Employee Shareholding Fund "FCPE") under preferential terms!
The website is available from March 11 (10:00 am) to March 25, 2024 (11:59 pm).
IN BRIEF!
- 20% discount
- Saint-Gobain will add a company match up to a maximum match of $2,225
- Locked in for 5 years
- Payment of administrative and account maintenance fees by Saint-Gobain
- Your investment follows the share price in Euros (subject to exchange rate fluctuation) and presents a risk of loss of capital
FOCUS EMPLOYER’S CONTRIBUTION
Contribution simulator is available on this website.
WHO CAN SUBSCRIBE?
Employees of Saint-Gobain Group companies who have been working for the Group for at least 3 months consecutively between January 1, 2023 and the end of the subscription period (March 25, 2024).
WHAT ARE THE PAYMENT METHODS?
You have two options to pay for your subscription:
Payroll Deduction:
The amount of your contribution will be deducted from your paycheques on a post-tax basis during the period from May through November 2024*.
Lump Sum Payment:
Contact your PEG respresentative for payment detail.
*BP Canada employees only: payroll deductions will run from July through December 2024.
HOW MUCH CAN I INVEST?
The amount you invest is a personal decision. There is no minimum amount required, but the maximum you can invest is 25% of your gross annual base salary compensation for 2024 or your 2024 annualized base salary compensation rate. This cap applies to your individual contribution to the Employee Offering.
For the purposes of calculating your gross annual compensation, you should only include your base salary. Further, the employer’s matching contribution should not be taken into account when calculating your total contribution in the Employee Offering.
KEY DATES
Period for setting the reference price: from 02/12/2024 to 03/08/2024
Determination of exchange rates: 03/11/2024
Subscription period: from 03/11/2024 to 03/25/2024
Capital increase/shares: 05/15/2024
UNDERSTAND THE PEG 2024 IN 3 MINUTES
You asked and we listened. At Saint-Gobain, our goal is to ensure that we are meeting you where you are with what you value most and that our benefits provide you with the support you need for all of life's moments. A core part of our employee value proposition is to offer employees an annual opportunity to be an owner and participate in our employee share purchase program known simply as PEG. So how does the PEG work and what is in it for you as an employee? For starters, you purchase shares for 20% less than what you would pay on the open market. Then the company matches your investment up to $2225. Your company match depends on your investment amount. You can contribute up to 25% of your salary in exchange for the purchase price, discount and employer match. Your shares are locked in for five years. You own the shares as of the purchase date, but you cannot sell them until after five years except under certain limited circumstances, as detailed in the planned documents and PEG brochure. Let's look at Amber's story to help us understand. After calculating her monthly expenses and reviewing the PEG program structure, Amber decides to invest $200. She chooses to pay for her investment through paycheck deductions versus a lump sum check, meaning this $200 will be deducted from her paycheck in equal installments from May through November, an option that makes more financial sense for her compared to paying for the $200 all at once. Her $200 investment places Amber in investment range too, meaning she gets a 200% match on the 1st $100 of her $200 investment and a 45% match on the remaining $100 of her $200 investment. This gives her a total match of $245, which would be used to purchase additional shares on her behalf through the company match. Her $200 investment turns into a $445 investment immediately, just like that. Although Amber's initial investment would only have purchased about 5 shares, she's ending up with 11 company shares due to the generous company match. Amber can now watch these shares in her Amundi account over the next several years and track her investment value. See more details on the Company match, tax implications, investment simulations and more at the PEG website, at peg.senka.com, on the employee experience portal, or by contacting your HR representative. Sign up anytime during the PEG enrollment period and you can be an owner at Saint-Gobain.
SUBSCRIPTION HELP VIDEO
1st STEP “LOG ON”
Ask for my password
Create my password and access to my account
I fill in my login in the dedicated space.
I click on "Next".
I click on "First Connection / Forgotten password" to modify my password.
I validate by clicking on "Submit" to receive a link by e-mail, if this is registredregistered in the Amundi database. If I do not receive this e-mail, I must contact my PEG correspondent.
I click on the link received by e-mail to create my password.
I create my password and confirm it using the numeric keypad. I then click on "Connect" to access to my personal space.
2nd STEP “REGISTER THE AMOUNT OF MY SUBSCRIPTION BY VOLUNTARY CONTRIBUTION”
I select "Voluntary contribution".
I enter the amounts I wish to invest in the form dedicated to this financing method.
I submit and continue.
I enter the amounts per payment methods and submit.
A pop-up window indicates that my entry is complete.
I go back to the homepage of my personal space to view my PEG investments.
3rd STEP “DOWNLOAD MY SUBSCRIPTION RECAP”
I click on the downloaded icon to download my recap.
Once the document has been downloaded, I save keep it and log out of my Amundi personal space by clicking on the "DISCONNECT" menu at the top of the page.
I confirm by clicking on "Leave" in the pop-up window.