Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
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66<br />
<strong>Brambles</strong><br />
<strong>2006</strong> <strong>Annual</strong> <strong>Report</strong> DIRECTORS’ REPORT – REMUNERATION REPORT<br />
The table below confirms the percentage of the Disclosable Executives’ annual remuneration which is At Risk (versus<br />
Fixed), and the percentage of the value of their remuneration for <strong>2006</strong> that consists of options and share rights:<br />
Fixed (5) At Risk (5) Options & share rights (6)<br />
Key Management Personnel<br />
J-L Laurent 52% 48% 15%<br />
M B Luby 42% 58% 19%<br />
D Mezzanotte 42% 58% 33%<br />
A Trujillo 45% 55% 33%<br />
T F Brown 46% 54% 34%<br />
P G Martinez 46% 54% 34%<br />
C A van der Laan de Vries 47% 53% 32%<br />
Other Senior Executives<br />
C Berkefeld 54% 46% 11%<br />
L Hendriks 50% 50% 11%<br />
M-A Kottgen 55% 45% (18) 6%<br />
L Muguerza 56% 44% 8%<br />
See Section 8.5 for footnotes.<br />
5.3 DISCLOSABLE EXECUTIVES’ BONUSES AND<br />
EQUITY BASED AWARDS<br />
The table below shows details of share rights over BIP and/<br />
or BIL shares awarded to the Disclosable Executives during<br />
the Year under the 2004 Plans. All of the awards shown<br />
were made on 21 October 2005, and have a vesting date<br />
of 21 October 2008. Most have an expiry date of<br />
21 October 2011. However, those awarded to US residents,<br />
Mr Mezzanotte and Mr Trujillo, have an expiry date of<br />
21 October 2008. The estimated maximum and minimum<br />
possible total future value of these awards is also detailed.<br />
None of these awards vested or were forfeited during the<br />
Year (16) (other than for Mr Kottgen).<br />
The table below also shows the STI Cash Awards expected<br />
to be paid to the Disclosable Executives shortly in respect<br />
of performance during the Year, expressed as a percentage<br />
of the amount which would have been paid, had all of<br />
their KPIs been achieved at Maximum (with the balance<br />
being forfeited).<br />
Minimum<br />
future<br />
value of<br />
awards<br />
yet to vest<br />
US$’000 (12)<br />
Maximum<br />
future value<br />
of awards<br />
yet to vest<br />
US$’000 (13)<br />
Name Type of award Number<br />
Value<br />
at grant<br />
US$’000 (11)<br />
% STI cash<br />
paid/equity<br />
vested (14)<br />
% STI<br />
cash/equity<br />
forfeited (14)<br />
Key Management Personnel<br />
J-L Laurent STI Cash Award (7) N/A N/A N/A N/A 63% 37%<br />
STI Share Award (8) 71,240 389 – 547 (19) 0% 0%<br />
Enhanced STI Share Award (9) 35,620 93 – 160 (19) 0% 0%<br />
LTI Award (10) 91,540 278 – 491 (19) 0% 0%<br />
Total 198,400 760 – 1,198 N/A N/A<br />
M B Luby STI Cash Award (7) N/A N/A N/A N/A 98% 2%<br />
STI Share Award (8) 71,908 412 – 412 0% 0%<br />
Enhanced STI Share Award (9) 35,954 98 – 98 0% 0%<br />
LTI Award (10) 67,390 215 – 215 0% 0%<br />
Total 175,252 725 – 725 N/A N/A
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