Governance and risk
Directors' Report
Financial statements
Assurance statements
Security holder information
Introduction Business performance Stakeholders Sustainability
Contents
The Board considers that the target growth range includes sufficient stretch and is appropriately challenging for management, including requiring appropriate management action to offset the 50% reduction of the M5 West concession contributions and A25 divestment during the performance period. It should be noted that there are a number of potential sources of uncertainty such as unanticipated changes in traffic patterns, as well as macro-economic factors such as interest rates and potential new growth opportunities that may impact FCF results each year. Should Management achieve these outcomes and deliver growth in FCF in line with the target range, the Board considers the outcomes for Management and security holders would be strongly aligned. FNs 1,2,3,4,5,6 Current on-foot LTI plans and associated performance parameters
Base 67.7 cents/Target 4–6%
FCF Performance
FY27 Plan 2,6 Compared to select ASX150 Base 65.0 cents/Target 4–6%
TSR Performance
FY26 Plan 2,5 Compared to select ASX150 Base 62.0 cents/Target 3.5–5%
FY25 Plan 2,4 Compared to select ASX150 Base 58.0 cents/Target 3–5%
FY24 Plan 2,3 Compared to select ASX150 Base 38.3 cents/Target 14–18%
FY23 Plan 2 Compared to select ASX150
FY22 (T2) Plan 1
Vested 0%
1 July 2021
1 July 2022
1 July 2023
1 July 2024
30 June 2025 30 June 2026 30 June 2027 30 June 2028 30 June 2029 30 June 2030
Remuneration received in FY26 This table sets out the actual remuneration realised by Executive KMP during FY26. This is a voluntary disclosure and is not prepared in accordance with Australian Accounting Standards. The value Executive KMP actually receive depends on Transurban’s security price and whether the vesting criteria are met. The statutory remuneration tables (prepared in accordance with the Australian Accounting Standards) can be found on pages 106 to 109.
Value of deferred STI vested during the year 7
Total Actual Remuneration received during the year
Value of LTI vested during the year 6
Value of Forfeited / Lapsed LTI during year 6,8
TEC
Cash STI
Total Cash
Current Executive KMP M Jablko
3,254,500
4,327,205
2,110,000
1,144,500
698,828
373,877
282,057
H Byrne
1,730,000
2,299,919
1,235,000
495,000
359,767
210,152
158,527
D Clements
1,245,500
1,466,360
900,000
345,500
195,894
24,966
18,834
S Moorfield
1,449,000
2,014,453
1,050,000
399,000
346,278
219,175
165,345
Former Executive KMP N Green 9
1,200,000
1,556,528
750,000
450,000
356,528
0
0
1 Single performance measure of Relative TSR for the FY22 plan. FY22 LTI plan consisted of two tranches. Tranche 1 (50% of awards granted) has a three-year performance period (1 July 2021 to 30 June 2024) and Tranche 2 (50% of awards granted) has a four-year performance period (1 July 2021 to 30 June 2025) 2 FCF Target: compound annual growth rate range 3 The CAGR in FCF per security will be calculated using the FY23 distribution as the base which includes Capital Releases 4 The CAGR in FCF per security will be calculated using the FY24 distribution as the base which includes Cash Reserve and Capital Releases 5 The CAGR in FCF per security will be calculated using the FY25 distribution as the base which includes Cash Reserve and Capital Releases and corporate tax payments 6 The CAGR in FCF per security will be calculated using the FY26 actual free cash per security as the base which includes Cash Reserve and Capital Releases 7 The point in time value of securities based on the share price at the date of vesting/lapse multiplied by the number of securities 8 The forfeited / lapsed LTI values relate to 43% of the performance awards which lapsed in August 2025 due to the performance hurdles not being met 9 The actual remuneration for N Green is for the period she was an Executive KMP. She ceased being an Executive KMP on 31 March 2026
101
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