Brambles 2006 Annual Report - Alle jaarverslagen

61
Brambles
2006 Annual Report
The table below confirms the percentage of the Executive Directors’ normal annual remuneration which is At Risk (versus
Fixed), and the percentage of the value of their remuneration for the Year that consists of options and share rights:
Fixed (5) At Risk (5) Options & share rights (6)
D J Turner 39% 61% 34%
M F Ihlein 47% 53% 33%
See Section 8.5 for footnotes.
4.3 EXECUTIVE DIRECTORS’ BONUSES AND EQUITY
BASED AWARDS
The table below shows details of equity based awards
made to the Executive Directors during the Year of rights to
BIL shares under the 2004 Plans. All of the awards shown
were made on 21 October 2005, have a vesting date of
21 October 2008, and an expiry date of 21 October 2011.
The estimated maximum and minimum possible total
future value of these awards is also detailed. However,
none of these awards vested or were forfeited during
the Year (16) .
The table below also shows the STI Cash Award expected
to be paid to the Executive Directors shortly in respect
of performance during the Year, expressed as a percentage
of the amount which would have been paid, had all of
their KPIs been achieved at Maximum (with the balance
being forfeited).
Name Type of award Number
Value
at grant
US$’000 (11)
Minimum
future value
of awards
yet to vest
US$’000 (12)
Maximum
future value
of awards
yet to vest
US$’000 (13)
% STI cash
paid/equity
vested (14)
% STI
cash/equity
forfeited (14)
STI Cash Award (7) N/A N/A N/A N/A 98% 2%
STI Share Award (8) 195,122 1,117 – 1,117 0% 0%
Enhanced STI Share Award (9) 97,562 266 – 266 0% 0%
LTI Award (10) 272,568 870 – 870 0% 0%
D J Turner
Total 565,252 2,253 – 2,253 N/A N/A
STI Cash Award (7) N/A N/A N/A N/A 98% 2%
STI Share Award (8) 89,180 511 – 511 0% 0%
Enhanced STI Share Award (9) 44,590 122 – 122 0% 0%
LTI Award (10) 120,398 384 – 384 0% 0%
M F Ihlein
Total 254,168 1,017 – 1,017 N/A N/A
See Section 8.5 for footnotes.
4.4 EXECUTIVE DIRECTORS’ SHAREHOLDINGS AND
INTERESTS IN OPTIONS/SHARE RIGHTS
The table below shows details of BIL and BIP shares
in which the Executive Directors held relevant interests
against each of the following headings:
• Ordinary shares, being issued shares held by them and
their connected persons;
• Options, being awards made under the 2001 Option
Plans; and
• Share rights, being awards made on or before
30 June 2004 under the 2001 Share Plans, or awards
made after that date under the 2004 Share Plans.
Executive Directors were required to have a minimum
shareholding of 5,000 shares in BIL and/or BIP by 31 July
2005. Over the five year period commencing 1 October
2004, the Chief Executive and Chief Financial Officer must,
as a minimum, achieve and maintain a shareholding equal
to 150% and 75% respectively of TFR before tax.