Compensation Report → B. Compensation of Managing Board members As of the end of fiscal 2023, the following Stock Awards tranches were within the vesting period and are therefore included in the balance at the end of the fiscal year. Outstanding Stock Awards tranches on September 30, 2023 Allocation Vesting End of vesting period period and transfer Fiscal 2020 2021 2022 2023 2024 2025 2026 2020 tranche Performance Total shareholder return Nov '19 Oct '20 Nov '20 criteria compared to MSCI World Reference periocr Industrials index (80%) Siemens-internal , Oct'19 ESG/Sustainability index (20%) 2021 13 Nov '20 tranche Performance Total shareholder return compared to ( Nov '20 Oct '21 Nov '21 criteria MSCI World Industrials index (80%) ’ Reference period Performance period Siemens-internal t Oct '20 ESG/Sustainability index (20%) 2022 12 Nov '21 Nov '25 tranche , Nov '21 Oct '22 Nov '22 Oct '25 Performance Total shareholder return compared to criteria MSCI World Industrials index (80%) Performance period ) Reference period’ Siemens-internal Oct '21 Sept '25 ESG/Sustainability index (20%) Performance period 2023 18 Nov '22 tranche Performance Total shareholder return compared to Nov '22 Oct '23 Nov '23 Oct '26 criteria MSCI World Industrials index (80%) W Reference period W Performance period Siemens-internal g Oct '22 Sept '26 ESG/Sustainability index (20%) * Performance period B.3.3 Malus and clawback regulations Under existing malus and clawback regulations, the Supervisory Board is authorized to withhold or reclaim variable compensation in cases of severe breaches of duty or compliance and/or unethical behavior or in cases of grossly negligent or willful breaches of the duty of care or in cases in which variable compensation components linked to the achievement of specific targets have been unduly paid out on the basis of incorrect data. The Supervisory Board exercises its authority to withhold or reclaim variable compensation components at its duty-bound discretion. In fiscal 2023, the Supervisory Board did not exercise this authority. FISCAL 2023 25