Page 26 - Suncorp_Review

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2. Remuneration – audited (continued)

2.4 Remuneration and the link to performance (continued)

Information with respect to the movement of performance rights during 2011 and of current LTI grants held by the Group CEO and Senior Executives (current and former) as at 30 June 2011 are outlined in the table below. Number and value of performance rights granted, vested and forfeited under the EPSP

PERFORMANCE RIGHTS GRANTED FAIR VALUE YET TO VEST MARKET VALUE

VESTED IN YEAR %

FORFEITED IN YEAR %

NUMBER OF ORDINARY

SHARES DATE

YEAR IN WHICH GRANT MAY FIRST VEST

MIN  1

$

MAX  2

$

AT DATE OF GRANT  3

$

AS AT 30 JUNE 2011  4

$

Executive director

Patrick Snowball 300,000

300,000 300,000

01 Oct 09 01 Oct 09 01 Oct 09

30 Jun 13 30 Jun 14 30 Jun 15

– – –

1,902,000 1,968,000 2,025,000

2,646,000 2,646,000 2,646,000

2,442,000 2,442,000 2,442,000

– – –

– – – Senior Executives

Anthony Day 9,543

13,843 17,092 71,585

01 Oct 07 01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 11  5

30 Jun 12 30 Jun 13 30 Jun 14

– – – –

139,328 59,802 108,363 380,116

194,200 133,031 150,751 627,800

77,680 112,682 139,129 582,702

– – – –

– – – – Gary Dransfeld 20,136

18,942

01 Oct 09 01 Oct 10

30 Jun 13 30 Jun 14

– –

127,662 100,582

177,600 166,121

163,907 154,188

– –

– – David Foster 23,120

763 32,740 64,272 81,949 77,092

01 Oct 06 17 Apr 07 01 Oct 07 01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 10  5

30 Jun 10  5

30 Jun 11  5

30 Jun 12 30 Jun 11  5

30 Jun 14

– – – – – –

286,919 5,945 478,004 277,655 519,557 409,359

507,253 16,382 666,259 617,654 722,790 676,097

188,197 6,211 266,504 523,174 667,065 627,529

– – – – – –

– – – – – – Mark Milliner 20,808

686 35,259 69,216 81,949 82,599

01 Oct 06 17 Apr 07 01 Oct 07 01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 10  5

30 Jun 10  5

30 Jun 11  5

30 Jun 12 30 Jun 13 30 Jun 14

– – – – – –

258,227 5,344 514,781 299,013 519,557 438,601

456,528 14,728 717,521 665,166 722,790 724,393

169,377 5,584 287,008 563,418 667,065 672,356

– – – – – –

– – – – – – John Nesbitt 313,016

88,105

03 May 10 01 Oct 10

30 Jun 13 30 Jun 14

– –

1,859,315 467,838

2,851,576 772,681

2,547,950 717,175

– –

– – Amanda Revis 58,920 01 Oct 10 30 Jun 14 – 312,865 516,728 479,609 – – Jeff Smith 37,777

74,160 87,803 82,599

01 Oct 07 01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 11  5

30 Jun 12 30 Jun 13 30 Jun 14

– – – –

551,544 320,371 556,671 438,601

768,762 712,678 774,422 724,393

307,505 603,662 714,716 672,356

– – – –

– – – – Robert Stribling 6 66,079 01 Oct 10 30 Jun 14 – 261,012 579,513 537,883 – – Geoff Summerhayes 61,800

73,169 68,832

01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 12 30 Jun 13 30 Jun 14

– – –

266,976 463,891 365,498

593,898 645,351 603,657

503,052 595,596 560,292

– – –

– – – Former Senior Executives Roger Bell 7 23,813

32,740 64,272 76,096 71,585

01 Apr 07 01 Oct 07 01 Oct 08 01 Oct 09 01 Oct 10

30 Jun 10  5

30 Jun 11  5

30 Jun 12 30 Jun 13 30 Jun 14

– – – –

271,706 478,004 277,655 482,449 380,116

495,310 666,259 617,654 671,167 627,800

193,838 266,504 523,174 619,421 582,702

– – – – –

– – – – – Dharma Chandran 8 – – – – – – – – –

1 The minimum value of shares yet to vest is nil as the performance criteria or service condition may not be met and consequently the shares may not vest. 2 For equity‑settled performance rights, the maximum value yet to vest is determined as the fair value at grant date, assuming all performance criteria are met. (For cash‑settled performance rights, the maximum value of shares yet to vest is determined as the fair value at 30 June 2011, assuming all performance criteria are met.) 3 Market value at date of grant is calculated by the number of shares granted multiplied by the closing share price as traded on the Australian Securities Exchange (ASX) on the date of grant. Where the date of grant falls on an ASX non‑trading day, the closing share price of the preceding trading day is used. 4 Market value as at 30 June 2011 is calculated by the number of shares granted multiplied by the closing share price as traded on ASX on 30 June 2011. 5 Executives elected to extend the performance period by a further two years. 6 The grant made to Mr Stribling was for cash‑settled performance rights.

7 Mr Bell’s employment ceases on 30 September 2011. At this point all unvested performance shares will be prorated at termination and Mr Bell will be given the opportunity to either have them tested against the performance criteria then or to allow the performance shares to continue on foot and be tested at the original end date. The fnal number of shares to vest will depend on how they perform when measured against the performance criteria. 8 Mr Chandran does not hold LTI.

Directors’ Report (continued)