Remuneration report
Executive KMP remuneration
Post- employment benefits
Long-term benefits Share-based benefits 5, 6
Short-term employee benefits
Non- monetary benefits 3 Superannuation
Annual and Long Service Leave
Cash salary and fees 1
LTI Awards
Termination payments 6
Deferred STI 4
Cash STI 2
Total 7
Current Executive KMP M Jablko 2024
1,808,018 1,424,708
773,850 624,300
844
27,399 25,292
51,995 19,362
524,864
727,148
3,914,118 3,146,629
2023
2,865
332,229 717,873
H Byrne 2024
1,076,844
319,500 321,400
1,583 3,379
27,399 25,292
145,381 34,500
255,213 338,040 239,628 295,527
2,163,960 1,709,434
2023
789,708
N Green 8 2024
81,050
23,700
170
2,283
1,153
17,364
1,985
127,705
S Moorfield 2024
955,601 924,708
351,800 309,350
844
27,399 25,292
(1,192) 10,168
279,330 339,034 235,244 343,201
1,952,816 1,849,982
2023
2,019
H Wehby 2024
1,142,677 1,074,708
418,750 473,600
806
27,399 25,292
63,194
340,344 415,288 293,554 430,606
2,408,458 2,276,196
2023
2,334
(23,898)
Total for Current Executive KMP 2024 5,064,190
1,887,600 1,728,650
4,247 10,597
111,879 101,168
260,531
1,417,115 1,821,495
10,567,057
2023
4,213,832
40,132
1,100,655
1,787,207
0 8,982,241
Former Executive KMP S Charlton 9 2024
688,667
648,733
472
13,284 25,292
(412,197) (196,795)
466,752
457,259
0 1,862,970
2023
2,274,708 1,353,800
12,146
1,413,430 1,572,310
6,454,891
M Huey 2024
781,551 789,708
201,150 321,400
1,385 5,092
38,815 25,292
(125,604)
470,461 325,774 256,927 295,527
704,798 2,398,330
2023
23,124
1,717,070
S Johnson 2024
781,551 789,708
0
1,438 8,751
38,815 25,292
(193,335)
220,127 325,836 224,913 295,909
803,175
1,977,607 1,558,944
2023
265,400
(51,029)
Total 2024 2023
7,315,959 8,067,956
2,737,483 3,669,250
7,542
202,793 177,044
(470,605) (184,568)
2,574,455 2,930,364
1,507,973 16,805,964
36,586
2,995,925
3,950,953
0 18,713,146
1 C ash salary and fees does not include unpaid leave taken during the year 2 F or current and former Executive KMP (other than S Charlton), the amounts represent the cash STI payment to Executive KMP for FY24, which will be paid in September 2024. For former CEO, S Charlton, his FY24 STI award was paid in February 2024. FY23: cash component of STI paid in September 2023 3 N on-monetary benefits include Group employee insurance 4 A component of STI award is deferred into Transurban stapled securities. In accordance with accounting standards, the deferred component is recognised over the three-year service period. In accordance with the requirements of the accounting standards, the Deferred STI share-based benefits of S Charlton, M Huey and S Johnson include an acceleration of expense for all remaining unvested awards on foot upon departure 5 In accordance with the requirements of the accounting standards, remuneration includes a proportion of the fair value of equity compensation granted or outstanding during the year (i.e. performance awards under the LTI plan). The fair value of the awards is determined as at the grant date and is progressively allocated over the performance period. The amount included, as remuneration may be different to the benefit (if any) that the KMP may ultimately realise should the awards vest. The fair value of performance awards with a TSR performance measure has been determined by applying a Monte Carlo simulation (using a Black-Scholes framework) to model Transurban’s security price and the TSR performance against the comparator group performance. The fair value of performance awards with a FCF performance measure has been determined by reference to Transurban’s security price at the grant date discounted for dividends and distributions forgone throughout the performance period. As the FCF performance measure is a non-market performance condition, amounts recognised are adjusted based on the best available estimate of the number of equity instruments expected to vest 6 Termination payments represents contractual payments made on termination, does not include statutory payments such as annual leave and long service leave paid out on termination 7 The percentage of FY24 remuneration related to performance was M Jablko 52%, H Byrne 42%, N Green 34%, S Moorfield 50%, H Wehby 49%, S Charlton 84%, M Huey 42%, S Johnson 28% 8 N Green remuneration reflects the period as KMP from 1 June 20249. In FY24, S Charlton was an Executive KMP from 1 July 2023 – 19 October 2023 and ceased employment on 30 November 2023. The values in the table represent remuneration earned for the period he was Executive KMP
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