Remuneration report
Summary of Executive KMP allocated, vested or lapsed equity (continued)
Vested and exercised in FY24
% of total vested & exercised in FY24
Balance at start of year
Granted during year
Lapsed/ forfeited in FY24
% Lapsed/ forfeited in FY24 6
Balance at end of year 7
Fair value of equity ($) 8,9
Allocation date
Grant date
Vesting date
Type of equity 1,2
Former Executive KMP S Charlton Performance awards 01 Jul 20 22 Oct 20 Aug 23 254,594 Performance awards 01 Jul 21 04 Oct 21 Aug 24 126,725 Performance awards 01 Jul 21 04 Oct 21 Aug 25 130,946 Performance awards 01 Jul 22 07 Oct 22 Aug 26 270,048
– – – – 0
– – – – 0
0 (254,594) – (24,628) – (51,805) – (174,302) 0 (505,329)
100
0 1,682,866
19 102,097 40 79,141
698,255 771,272
65
95,746 2,438,533
Total performance awards
782,313 95,967 34,973
65 276,984 5,590,926
Deferred securities 15 Oct 21 04 Oct 21 Aug 23 Deferred securities 21 Oct 22 07 Oct 22 Aug 24 Deferred securities 27 Oct 23 06 Oct 23 Aug 25
– (95,967)
100
– – – 0
0
0 1,369,449
–
– –
– –
– 34,973 442,408 – 102,462 1,281,800 0 137,435 3,093,657
– 102,462
Total deferred securities
130,940 102,462 (95,967)
100
M Huey 5 Performance awards 01 Jul 20 22 Oct 20 Aug 23 Performance awards 01 Jul 21 04 Oct 21 Aug 24 Performance awards 01 Jul 21 04 Oct 21 Aug 25 Performance awards 01 Jul 22 07 Oct 22 Aug 26 Performance awards 01 Jul 23 06 Oct 23 Aug 27
43,675 24,438 25,252 52,077
– – – –
– – – – – 0
0 (43,675)
100
0 288,692
–
(669)
3 23,769 27 18,425 52 24,987
160,313 173,229 457,236
– (6,827) – (27,090) – (37,672) 0 (115,933)
– 48,923
77 11,251 389,672 60 78,432 1,469,142
Total performance awards
145,442 48,923
Deferred securities 15 Oct 21 04 Oct 21 Aug 23 Deferred securities 21 Oct 22 07 Oct 22 Aug 24 Deferred securities 27 Oct 23 06 Oct 23 Aug 25
20,268 15,276
– (20,268)
100
– – – 0
0
0 289,224
–
– –
– –
– 15,276 193,241 – 24,325 304,306 0 39,601 786,771
– 24,325
Total deferred securities
35,544 24,325 (20,268)
100
S Johnson 5 Performance awards 01 Jul 20 22 Oct 20 Aug 23 Performance awards 01 Jul 21 04 Oct 21 Aug 24 Performance awards 01 Jul 21 04 Oct 21 Aug 25 Performance awards 01 Jul 22 07 Oct 22 Aug 26 Performance awards 01 Jul 23 06 Oct 23 Aug 27
43,856 24,438 25,252 52,077
– – – –
– – – – – 0
0 (43,856)
100
0 289,888
–
(669)
3 23,769 27 18,425
160,313 173,229
– (6,827) – (27,090) – (37,672) 0 (116,114)
52 24,987 457,236 77 11,251 389,672 60 78,432 1,470,338
– 48,923
Total performance awards
145,623 48,923
Deferred securities 15 Oct 21 04 Oct 21 Aug 23 Deferred securities 21 Oct 22 07 Oct 22 Aug 24 Deferred securities 27 Oct 23 06 Oct 23 Aug 25
20,352 11,690
– (20,352)
100
– – – 0
0
0 290,423
–
– –
– –
– 11,690 147,879 – 20,087 251,288 0 31,777 689,590
– 20,087
Total deferred securities
32,042 20,087 (20,352)
100
1 A dditional information regarding the prior year incentive awards that are on foot, can be found in the remuneration report of the relevant year in which the grant was made 2 P erformance awards granted prior to December 2019 expire 7 years from the date of allocation and Performance awards granted after December 2019 have an expiry of 15 years from the date of allocation. Deferred securities do not have an expiry date 3 N Green has not been granted performance awards or deferred securities while a KMP 4 F or the former CEO, Scott Charlton, the balance at the end of the year reflects the balance at the date he ceased to be Executive KMP, being 19 October 2023. S Charlton forfeited a prorated portion of his unvested performance awards upon termination 5 M Huey and S Johnson, the balance at the end of the year reflects the balance at the date they ceased to be Executive KMP, being 31 May 2024. M Huey and S Johnson forfeited a prorated portion of their unvested performance awards upon termination 6 P erformance awards granted in FY21 did not vest during FY24 at the end of the three-year performance period as it did not meet the relative TSR performance hurdle 7 N o closely related parties of Executive KMP held any performance awards or deferred securities during FY24 8 F air value at grant date for performance awards. Deferred securities represent the fair value of the STI deferred component 9 In accordance with the requirements of AASB 2 Share-based Payment, the fair value of performance awards as at their date of grant. The fair value has been independently determined. The fair value of the performance awards with a TSR performance measure has been valued applying a Monte Carlo simulation (using a Black-Scholes framework) to model Transurban’s security price and the TSR performance against the comparator group’s TSR performance. The fair value of performance awards with a FCF performance measure (grants made prior to October 2020) has been determined by reference to Transurban’s security price at the grant date discounted for dividends and distributions forgone throughout the performance period. The amount included is not related to or indicative of the benefit (if any) that individual executives may ultimately realise should these equity instruments vest
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