AUB Group Limited Annual Report 2023

DIRECTORS’ REPORT YEAR ENDED 30 JUNE 2023

SECTION 6 STATUTORY REMUNERATION TABLES AND DATA (CONTINUED)

Compensation of Directors and other Key Management Personnel

Table 11: Statutory Reporting Basis – period ending 30 June 2023 The table below outlines senior management team remuneration as calculated in accordance with accounting standards and the Corporations Act requirements. The amounts shown are equal to the amount expensed in the Company’s Financial Report for the particular year.

Share- based payment Equity PSRs/ SARS**

Equity Settled Short term incentive

Post employ ment Super -annuation contributions

Cash short term incentive*

Non monetary benefits

Total remunera tion

Total per formance related

Salary & fees

Year

$

$

$

$

$

$

$

%

30 June 2023

Non Executive Directors D. C. Clarke (Chair) 2023

217,195

– – – – – – – – – – – – – – – –

– – – – – – – – – – – – – – – –

– – – – – – – – – – – – – – – –

22,805 21,818

– 240,000 – 240,000

0% 0%

2022 218,182

R. J. Carless

2023

–

–

–

–

–

2022 18,182

1,818

– 20,000

0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

P. G. Harmer***

2023 2022 2023 2022

167,653 102,937 122,172 122,727

17,604 10,294 12,828 12,273

– –

185,257 113,231

P. A. Lahiff

– 135,000

–

135,000

R. J. Low

2023 145,000 2022 145,000 2023 108,598 2022 109,091

– –

– 145,000

–

145,000

C. L. Rogers

11,402 10,909

– 120,000

– – –

120,000

R.D. Deutsch

2023 2022

79,091

– – – –

79,091

–

–

–

A.J. Kendrick****

2023 153,916

– 153,916

0%

2022

–

–

–

–

Executive Directors M. P. C. Emmett (CEO)

2023 2022

971,762 767,376 328,874 973,410 710,500 304,500

2,922 2,922

27,500 1,530,697 3,629,131 27,500 1,352,767 3,371,599

72.39% 70.23%

Executives M. J. Shanahan (CFO)

2023

478,098 378,000 162,000 46,585

27,500 527,840 1,620,023

65.92% 61.59%

2022 454,425

364,723 156,310

71,060

27,500

365,598 1,439,616

Total Remuneration Total Remuneration

2023 2,443,485 1,145,376 490,874

49,507

119,639 2,058,537 6,307,418

2022 2,143,954 1,536,033 460,810

73,982

112,112 1,718,365 5,584,446

* STI amounts included above relate to the accrued provision in respect of the current year’s performance that will be paid/settled during the following financial year. The 2023 amounts have been approved by the Remuneration Committee. ** Share based payments are calculated on the accrued cost to the Company recognising that PSRs issued to KMP will vest over 3 years (5 years for CEO sign-on PSRs and 5 years for SARs) after taking into account a 75% -100% probability that the Group will achieve the performance hurdles required for those PSRs/SARs to vest. *** P.G. Harmer was appointed to the Tysers Insurance Brokers Limited Board on 1 October 2022. Remuneration is based on GBP 50,000 per annum. **** A.J. Kendrick, joined the AUB Group Board on 27 January 2023. During the period he received an amount of AUD 51,613 based on an annual Directors fee of AUD 120,000. In addition to the AUB Group Board, A.J. Kendrick also received remuneration as chair of the Tysers Insurance Brokers Board, based on a fee of GBP 100,000 per annum. The remuneration received from 1 December 22 to 30 June 23 was AUD 102,303. Fees were converted based on an AUD/GBP exchange rate of 0.5702.

AUB GROUP ANNUAL REPORT 2023

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