FAQ

It is a plan that allows employees to invest in their company’s shares on preferential terms.

The Legrand Group wishes to further increase your involvement in the future of the Group.

The employee share plan will enable you to become an indirect shareholder in the Group, via a Fonds Commun de Placement d’Entreprise (FCPE or Company Mutual Fund), on preferential terms.

It is an opportunity to share not only the fruits of our labour, but also the pride in belonging to a company that is moving forward thanks to the energy of each and every one of us.

All employees with an employment contract at the end of the subscription period, i.e. 31 March 2026, with a company that is a member of the Legrand PEGI, and who have worked for said company for at least three months on that date, continuously or discontinuously. These 3 months of employment are assessed over the period running from 1st January 2025 to the last day of the subscription period (scheduled for 31 March 2026) and can be acquired continuously or discontinuously via one or more employment contracts and/or possibly within one or more companies of the Legrand Group.

Due to sanctions imposed by the European Union, citizens or residents of Russia or Belarus who do not have legal residence or citizenship in the European Union, a member State of the European Economic Area or Switzerland may not participate in this plan. Consequently, the employee cannot be a national or resident of Russia, unless he/she is also a citizen of a Member State of the European Union, a member State of the European Economic Area or Switzerland, or he/she holds a temporary or permanent residence permit in one of these countries; and they cannot be a national or resident of Belarus, unless he/she is also a citizen of a Member State of the European Union or unless he/she holds a temporary or permanent residence permit in one of these Member States.

No, insofar as a trainee does not have an employment contract with a Legrand Group company.

No, because temporary workers are under contract to a temporary employment agency and not to a Legrand Group company.

Yes, as long as they meet the eligibility condition when subscribing. Leaving the company, in particular for retirement, is one of the cases of early release that they may or may not choose to exercise.

Yes, as long as the eligibility conditions are met.

No, retired employees are not eligible for the employee share plan.

Yes, as long as they meet the eligibility criteria. This situation may affect the calculation of the subscription limit depending on the gross annual remuneration, as only the employer’s payments can be taken into account, with the exclusion of benefits paid by a third party (e.g. health insurance).

In special cases, employees should contact their local HR department.

Yes, expatriates/inpatriates subscribe to the plan in their host country (if this host country participates in the plan), via a voluntary payment only (see details in the list of possible financing options), unless they are a Restricted Person or are subject to the sanctions imposed by the European Union on citizens or residents of Russia or Belarus.

If their host country does not participate in the Legrand Group’s Employee Share Plan, they cannot take part in the plan.

All it takes to subscribe is a few clicks:

1. Click on the “Subscribe” button
2. Then click on the “Create my password” button
3. Enter your email address to get a temporary personal link so that you can log in
4. Choose your definitive password
5. Complete the subscription screen and don’t forget to confirm your subscription

Yes, if these 3 months of employment include a period in another Group country or when a temporary worker is hired after his/her assignment. The length of time spent working as a temp at the company during the 3 months preceding the recruitment is taken into account when calculating the employee’s length of service.

The local HR representative (with the authority to delegate) may access the subscription website in order to resend access codes. If the employee does not know his/her password, and has a professional email address, he/she can reset his/her password via the subscription website.

During the subscription period from 13 to 31 March 2026, employees can change their subscription. At the end of the subscription period, their subscription will be definitive and irrevocable.

The employee’s personal contribution cannot exceed 25% of his/her gross annual remuneration for 2025 (including premiums and bonuses).

The employee will be held responsible for failing to comply with the maximum investment limit. When signing up, he/she undertakes to comply with this limit.

If the HR department, when monitoring the employee shareholding plan, finds that the amount subscribed is too high in relation to the employee’s remuneration, they may contact said employee during the subscription period to change this amount. However, the HR department is under no obligation to do so, and cannot be held liable if the investment limit of 25% of the employee’s annual remuneration for 2025 is exceeded.

Should the total number of share requests exceed the number of shares made available under the Employee Share Plan (maximum of 230,000 shares), the highest subscriptions would be capped at a level that allows the total number of shares offered to be met. Subscriptions for an amount equal to or less than this “maximum” level will be met in full, and subscriptions for a higher amount will be limited to this level.

The surplus from voluntary payments will not be debited.

If you have opted for several payment methods, the reduction will apply in the following order of priority :

1. Voluntary payments by direct debit from your bank account (SEPA) or bank transfer where applicable
2. Voluntary payments via payroll deduction (where applicable)

The Legrand Relais 2026 FCPE (Fonds Commun de Placement d’Entreprise or Company Mutual Fund) has been created specifically to manage the amounts invested in the Legrand Group’s Employee Share Plan. This FCPE will subsequently merge with the existing Actions Legrand FCPE.

Employees receive units in the Actions Legrand FCPE, which will be held in an account in their name managed by BNPP ERE.

BNP PARIBAS ASSET MANAGEMENT is in charge of the financial management of the FCPE.

In return for the benefits of the Legrand Group’s Employee Share Plan, the employee’s investment is blocked until 12 May 2031, i.e. 60 months, as it forms part of an employee savings scheme.

Employees can release all or part of their assets before the plan expires (5 years) if they fall within one of the cases of early release provided for in their country.

The list of cases specific to the employee’s country is available in the local supplement, which can be downloaded from the “Documentation” section on the website.

Early release may have tax implications. We encourage you to review the tax information in your country’s local supplement and, where appropriate, to contact your own tax advisor before asking for a release.

The list of cases specific to the employee’s country is available in the local supplement, which can be downloaded from the “Documentation” section on the website.

Early release may have tax implications. We encourage you to review the tax information in your country’s local supplement and, where appropriate, to contact your own tax advisor before asking for a release.

The event justifying the early release can only be taken into account if it occurs after the end of the subscription period, i.e. after 31 March 2026. However, the request will only be processed after the shares are delivered, which is scheduled on 12 May 2026.

Employees should contact their local HR department to submit their request for early release, together with supporting documents. Legrand’s local HR department will approve the request and send it to the BNPP ERE account manager. Once the employee’s request has been approved by Legrand, BNPP ERE will sell the employee’s assets and, in return, will transfer the proceeds of this sale in Euros to the account of the employee or company, depending on the option chosen by the company.

Please note: in some countries (particularly where withholding tax applies), the local employer may first receive the amount before transferring it to the employee’s bank account.

Dividends from shares held by the FCPE are paid into the Fund. The amounts thus reinvested will give rise to the issuance of new units.

Depending on the country, dividends may be considered taxable on the date of payment.

The taxation applicable to the Legrand Group’s Employee Share Plan is detailed in the local supplement specific to the employee’s country, and can be downloaded from the “Documentation” section on the website.

Employees have two options:

1. Hold on to their investment and wait until the end of the five-year lock-up period to recoup their investment,
2. Request the reimbursement of their investment as this is a case of early release.

Please note: while all or part of their assets held in the FCPE can be released, early release under the termination of the employment contract can only be used once.
The account maintenance fees paid by the company during the employee’s employment period will be deducted from their assets once they are no longer employed by Legrand. They can contact their account manager to find out about the amount.