AUB Group Limited Annual Report 2023
DIRECTORS’ REPORT YEAR ENDED 30 JUNE 2023
SECTION 6 STATUTORY REMUNERATION TABLES AND DATA
Table 8: PSR/SARs movements for the period The LTI grants for FY23 and movements in all unvested PSRs previously granted to Senior Employees are summarised in the LTIP tables below:
GROUP EXECUTIVES (including KMPs)
Fair value
Fair value to be expensed in the future ($)
per PSR at grant date ($)
LTIP Financial Year (tranche)
Earliest vesting date Lapse date
Opening Granted Lapsed Exercised Remaining
2019 (14 th )
4,873
–
(3,674)
(1,199)
–
31-Oct-21 31-Oct-25
10.72
–
2020 (15 th -5 year PSRs) 2020 (15 th -3 year PSRs)
200,000
–
–
–
200,000 31-Aug-24 31-Aug-28 8.91 335,104
101,219
–
– (101,219)
– 31-Aug-22 31-Aug-26
9.37
–
2021 (16 th )
164,436
–
–
–
164,436 31-Aug-23
31-Aug-27 11.27
–
2022 (17 th )
144,879
–
–
–
144,879
31-Aug-24 31-Aug-28 18.02
788,720
2022 (DSTI)
–
39,169
–
–
39,169 31-Aug-23 31-Aug-24 19.02
–
2023 (18 th )
– 150,146
–
–
150,146 31-Aug-25 31-Aug-29 20.04
1,790,041
Total
615,407 189,315
(3,674) (102,418)
698,630
2,913,865
Total Share Appreciation Rights
1,016,776
–
–
–
1,016,776
31-Aug-26 31-Aug-26
3.79
1,965,326
Shares issued as a result of the exercise of PSRs During FY23, 101,219 PSRs were exercised and converted to shares in AUB Group Limited under the 2020 LTIP and 1,199 PSRs were exercised under the 2019 LTIP. The remaining 3,674 unvested 2019 LTIP PSRs, lapsed. The hurdles and vesting conditions for 2019 and 2020 LTIP were detailed in the FY22 financial statements. All PSRs are granted over shares in the ultimate controlling entity AUB Group Limited. Unissued shares As at the date of this report, there were 698,630 unissued ordinary shares under PSRs as part of the LTIP that have not vested. Refer to Note 21 of the Financial Report for further details of the PSRs outstanding. Holders of PSRs do not have any right, by virtue of the option to participate in any share issue of the Company or any related body corporate.
AUB GROUP ANNUAL REPORT 2023
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