AUB Group Limited Annual Report 2023

DIRECTORS’ REPORT YEAR ENDED 30 JUNE 2023

SECTION 4 REMUNERATION GOVERNANCE (CONTINUED)

Executive Service Agreements The remuneration and other terms of employment for the Executive KMP are formalised in employment agreements, which have no specified term. Each of these agreements provide for performance-related bonuses under the STI Plan, and participation, where eligible, in the LTI Plan. Other major provisions of the service agreements of the Executive KMP are as follows: Table 6: Executive Service Agreement terms

Notice to be given by executive

Notice to be given by AUB Group*

Termination payment

Post-employment restraint

Name

CEO and Managing Director

12 months fixed remuneration

Michael Emmett

12 months

12 months

12 months

Other Executive KMP

6 months fixed remuneration

Mark Shanahan

6 months

6 months

12 months

*

Payments may be made in lieu of notice period.

Disclosures under Listing Rule 4.10.22 A total of 39,169 shares were acquired on-market by the Austbrokers Employee Share Acquisition Schemes Trust (at an average price of $27.07 per share) during the Reporting Period to satisfy AUB Group’s obligations under various equity and related plans. Securities Trading Policy AUB Group’s securities trading policy prohibits Group Executives from entering into margin lending or similar arrangements in relation to AUB Group’s securities, including transferring securities into an existing margin loan account and/or selling securities to satisfy a call pursuant to a margin loan. Breaches of AUB Group’s securities trading policy are regarded very seriously and may lead to disciplinary action being taken (including termination of employment).

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