Does Michelin offer bonus shares to its shareholders?

<p><span>No, we do not offer bonus shares, because we consider that the regular distribution of a dividend per share already rewards our shareholders’ loyalty.</span></p>

How can I receive shareholder information and Group news?

<div><span>As a shareholder, you are registered with the Company. As such, you automatically receive the invitation to the Annual Shareholders Meeting. If you do not receive it, please check your mailing or email address on your Sharinbox account (Société Générale) or with your financial intermediary. </span></div><div><span>The easiest way to stay informed about Michelin news and events is to </span><a href="/en/newsletter" target=""><span>subscribe to our email alerts</span></a><span>.</span></div>

I can’t connect to Sharinbox – what should I do?

<p><span>If you have lost your login or password, contact the Nomilia customer relations center at Société Générale: +33 (0)2 51 85 67 89 – Société Générale Securities Services SGSS/SBO/ISS, 32, rue du Champ de Tir, CS30812, 44308 Nantes Cedex 3, France.</span></p>

How can I find out about Michelin’s results?

<div><span>With every financial publication, we communicate with you through a variety of dedicated media. When the first-half and full-year results are published, for example, we post a video interview with Michelin’s General Manager and Chief Financial Officer. </span></div><div><span>And to be informed right away of important events for the Group, you can subscribe to </span><a href="www.michelin.com/fr/newsletter/?=actionnaire " target=""><span>our email alerts</span></a></div>

I’m an employee shareholder: where and how can I find out more?

<p><span>The </span><a href="https://shareaction.michelin.com/fr/" target="_blank" rel="noopener noreferrer"><span style="color: rgb(0, 0, 0)">Shareaction.com</span></a><span> website is specifically for you. You’ll find details on who to contact, access to your portfolio and other information (on dividend payments, how to login to Société Générale’s Sharinbox service, etc.).</span></p>

Where can I find information on employee share ownership plans?

<p><span>All the information you need on employee share ownership is available on the dedicated </span><a href="https://shareaction.michelin.com/fr/" target="_blank" rel="noopener noreferrer"><span style="color: rgb(0, 0, 0)">Shareaction.com</span></a><span> website. </span></p>

What is the Michelin stock split?

<p><span>In 2022, the Annual Shareholders Meeting voted to approve a four-for-one split in the par value of Michelin shares to make the share price more attractive and thereby diversify the shareholder base. The transaction took effect on June 16, 2022. As a result, the number of outstanding shares increased and the share price automatically decreased. The value of your portfolio is therefore unchanged, except that the number of shares you held has been multiplied by four. </span></p>

How do I know whether my shares are directly registered or indirectly registered, and what is the difference?

<p><span>If you hold your shares through Société Générale, Michelin’s custodian, then they are directly registered shares. Indirectly registered shares are registered through your financial institution. To find out the difference between these two types of share ownership, visit the “</span><a href="/en/investor/shareholder/guide-investment" target=""><span>How can I become a Michelin shareholder?</span></a><span>” page.</span></p>

How much was the dividend in 2025?

<p><span style="color: rgb(10, 47, 65)">The dividend paid following the 2025 Annual Shareholders Meeting was €1.38/share.</span><span> See movements in dividends on </span><a href="/en/investor/stock-exchange/share-dividend" target=""><span>this page.</span></a></p>

Is there a supplementary dividend for the most loyal shareholders?

<p><strong><span> </span></strong><span>No, Michelin does not offer a supplementary dividend to its shareholders.</span></p>

As a shareholder, am I entitled to a discount on Michelin tires?

<p><span>We do not grant discounts to our shareholders, as this could be perceived as a disguised dividend and give rise to a tax risk. </span></p>

Can I give away my shares?

<p><span>Yes. By gifting shares, the shareholder (donor) transfers to a beneficiary the rights he or she holds in the company’s share capital. Gifting your Michelin shares is a way for you to enhance the value of your loved ones’ savings and benefit from tax advantages.</span></p>

What are the different types of gifting?

<div><span>There are four ways to gift your shares to a beneficiary in France: donation-partage, donation simple, don manuel and présent d’usage</span><strong><span>. </span></strong><span> </span></div><div><span>If you own directly registered shares, download </span><strong><span>Société Générale’s Practical Guide to Donations and Bequests</span></strong><span> to find out more about the conditions and tax advantages associated with each type of gift. If you own indirectly registered shares, contact your financial institution. </span></div>

What to do in the event of a shareholder’s death ?

<div><span>If one of your loved ones held Michelin shares in directly registered form at the time of their death, you should promptly send a copy of the death certificate and details of the legal professional in charge of the estate to the following address: </span></div><div><span>Société Générale Securities Services </span></div><div><span>SGSS/SBO/ISS </span></div><div><span>32, rue du champ de tir </span></div><div><span>CS30812 </span></div><div><span>44308 Nantes Cedex 3 </span></div><div><span>France </span></div><div><span>Société Générale will then contact the legal professional to send them the position of the account(s) on the day of death. Once all the deceased’s assets have been gathered, the legal professional will administer the estate and give instructions to Société Générale Securities Services. </span></div><div><span>For the inheritance of indirectly registered shares, you should contact the deceased’s financial institution. </span></div>

Michelin and you

Michelin listens to its shareholders and maintains a close relationship with them by organizing special meetings, answering their questions and keeping them informed about its news and strategic issues.

Yves Chapot breaks down the 2025 key performance indicators

2026 Annual Shareholders Meeting

The Annual Shareholders Meeting is a key opportunity for Michelin and its shareholders to share viewpoints, listen to each other and engage in discussion. The 2026 Annual General Meeting will be held on Friday, May 22 at the Zénith d’Auvergne near Clermont-Ferrand, France and will be broadcast live on the 2026 Annual General Meeting page.

2026 Annual General Meeting

Michelin Shareholder Relations department present at the 3rd edition of Finance Day at the IAE of Clermont-Ferrand.

On January 13, 2026, Michelin's Shareholder Relations department took part in the 3rd Finance Day at IAE Clermont-Ferrand.

Elisabete Antunes and Muriel Combris-Battut presented the Group's strategy, governance, financial organization, and investment terms for individual shareholders.

The presentation was very well received and offered the 100 students in attendance a unique opportunity to gain an inside look at a major international group located just a stone's throw from their campus.

It was a great opportunity to enhance our appeal, highlight our business lines, and promote the wealth of our expertise to the talented individuals of tomorrow.

Investor Relations team engages with Paris-based shareholders

On December 11, Michelin's Shareholder Relations team was in Paris for a conference dedicated to investors and individual shareholders.

Guillaume Jullienne, Head of Investor Relations, and Elisabete Antunes, Manager of Securities Services and Individual Shareholder Communication presented the Group's strategy and its Michelin’s sustainable growth strategy, illustrating Michelin's commitment to responsible and sustainable growth.

Nearly 150 participants attended the event, demonstrating the interest in the Group's vision and ambitions.

The members of the Michelin Shareholders' Committee met for their last annual meeting and the end of their term of office on Tuesday, December 2, in Clermont-Ferrand.

An opportunity to exchange views on Michelin’s ‘All Sustainable’ strategy.

During the meeting, participants learned about the Group's “All Sustainable” approach, presented by Antoine Sautenet, Director of Sustainable Development, who shared Michelin's sustainability challenges and ambitions for 2050.

This highlight also provided the Committee Members with an opportunity to present their work on shareholder communication and to exchange views with the Shareholder Relations team.

They shared their feedback on their two-year term, which will end in March 2026.

Don't miss anything!

In addition to the Annual Meeting, the Group reaches out to its individual shareholders throughout the year with events such as regional meetings and shareholder fairs. To make sure you don’t miss out, subscribe to our email alerts.

Michelin's shareholder base in figures :

+250 000

shareholders, of which 90% are individual shareholders

€1,38

dividend per share*

+57 %

Pay-out ratio of consolidated net incomes

* subject to the approval of the Annual General Meeting on May 22, 2026.

In this section, you’ll find the most frequently asked questions by our shareholders, grouped by topic. If you need more information, please contact our team dedicated to individual shareholders

Questions on shareholder relations

No, we do not offer bonus shares, because we consider that the regular distribution of a dividend per share already rewards our shareholders’ loyalty.

As a shareholder, you are registered with the Company. As such, you automatically receive the invitation to the Annual Shareholders Meeting. If you do not receive it, please check your mailing or email address on your Sharinbox account (Société Générale) or with your financial intermediary.
The easiest way to stay informed about Michelin news and events is to subscribe to our email alerts.

If you have lost your login or password, contact the Nomilia customer relations center at Société Générale: +33 (0)2 51 85 67 89 – Société Générale Securities Services SGSS/SBO/ISS, 32, rue du Champ de Tir, CS30812, 44308 Nantes Cedex 3, France.

With every financial publication, we communicate with you through a variety of dedicated media. When the first-half and full-year results are published, for example, we post a video interview with Michelin’s General Manager and Chief Financial Officer.
And to be informed right away of important events for the Group, you can subscribe to our email alerts

The Shareaction.com website is specifically for you. You’ll find details on who to contact, access to your portfolio and other information (on dividend payments, how to login to Société Générale’s Sharinbox service, etc.).

All the information you need on employee share ownership is available on the dedicated Shareaction.com website.
Question about the stock split:

In 2022, the Annual Shareholders Meeting voted to approve a four-for-one split in the par value of Michelin shares to make the share price more attractive and thereby diversify the shareholder base. The transaction took effect on June 16, 2022. As a result, the number of outstanding shares increased and the share price automatically decreased. The value of your portfolio is therefore unchanged, except that the number of shares you held has been multiplied by four.
Question about how shares are registered:

If you hold your shares through Société Générale, Michelin’s custodian, then they are directly registered shares. Indirectly registered shares are registered through your financial institution. To find out the difference between these two types of share ownership, visit the “How can I become a Michelin shareholder?” page.
Questions about the dividend:

The dividend paid following the 2025 Annual Shareholders Meeting was €1.38/share. See movements in dividends on this page.

No, Michelin does not offer a supplementary dividend to its shareholders.

We do not grant discounts to our shareholders, as this could be perceived as a disguised dividend and give rise to a tax risk.
Questions about gifting shares:

Yes. By gifting shares, the shareholder (donor) transfers to a beneficiary the rights he or she holds in the company’s share capital. Gifting your Michelin shares is a way for you to enhance the value of your loved ones’ savings and benefit from tax advantages.

There are four ways to gift your shares to a beneficiary in France: donation-partage, donation simple, don manuel and présent d’usage.
If you own directly registered shares, download Société Générale’s Practical Guide to Donations and Bequests to find out more about the conditions and tax advantages associated with each type of gift. If you own indirectly registered shares, contact your financial institution.
Question about inheritance:

If one of your loved ones held Michelin shares in directly registered form at the time of their death, you should promptly send a copy of the death certificate and details of the legal professional in charge of the estate to the following address:
Société Générale Securities Services 
SGSS/SBO/ISS
32, rue du champ de tir
CS30812
44308 Nantes Cedex 3
France
Société Générale will then contact the legal professional to send them the position of the account(s) on the day of death. Once all the deceased’s assets have been gathered, the legal professional will administer the estate and give instructions to Société Générale Securities Services.
For the inheritance of indirectly registered shares, you should contact the deceased’s financial institution.