AUB Group Limited Annual Report 2023

DIRECTORS’ REPORT YEAR ENDED 30 JUNE 2023

SECTION 1 GROUP EXECUTIVE REMUNERATION FRAMEWORK (CONTINUED)

Group Executive remuneration time horizon The following diagram provides an illustrative indication of how remuneration is delivered to Group Executives.

Fixed Remuneration

STI cash component (70%)

STI deferred component (15%)

STI deferred component (15%)

LTI

Year 1

Year 2

Year 3

Year 4

Date granted

Date paid/eligible for vesting

End of holding lock

End of deferral/performance period

Adjustments to ongoing CEO remuneration Executive Remuneration was reviewed and there were no adjustments during the reporting period, including no adjustments to CEO & Managing Director remuneration. A summary of CEO & Managing Director remuneration arrangements for the reporting period is as follows:

Item

$

Fixed remuneration

1,000,000

STI (at target)

750,000

LTI opportunity

1,000,000

Total target remuneration

2,750,000

Following the reporting period, the Board has adjusted the CEO & Managing Director remuneration for FY24 as follows:

Item

$

Fixed remuneration

1,250,000

STI (at target)*

1,000,000

FY24 LTI opportunity**

1,875,000

Total target remuneration

4,125,000

* Maximum Short-Term Incentive opportunity is capped at 150% of target STI award. ** Face value of LTI award. The FY24 LTI grant is subject to being approved by shareholders at the Annual General Meeting in November 2023..

AUB GROUP ANNUAL REPORT 2023

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