Remuneration report | Contents
Current on-foot LTI plans and associated performance parameters
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 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
Remuneration received in FY25 This table sets out the actual remuneration realised by Executive KMP during FY25. 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 equity vests. The statutory remuneration tables (prepared in accordance with the Australian Accounting Standards) can be found on pages 97 to 99.
Value of deferred STI vested during the year 6
Total Actual Remuneration received during the year
Value of LTI vested during the year
Value of Forfeited / Lapsed LTI during year 6,7
TEC
Cash STI
Total Cash
Current Executive KMP M Jablko
3,172,500
3,478,780
2,060,000
1,112,500
306,280
0
588,706
1,700,000
1,873,888
H Byrne
1,200,000
500,000
173,888
0
330,891
D Clements 8
839,348
839,348
629,348
210,000
NA
NA
0
1,320,000
1,402,834
N Green
1,000,000
320,000
82,834
0
0
1,441,413
1,676,051
S Moorfield
1,016,413
425,000
234,638
0
345,108
Former Executive KMP H Wehby 9
168182
168,182
0
206,547
0
374,729
446,603
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 Capital and Cash Reserve Releases 5 The CAGR in FCF per security will be calculated using the FY25 distribution as the base which includes Capital and Cash Reserve Releases and corporate tax payments 6 The point in time value of securities based on the share price at the date of vesting/lapse multiplied by the number of securities 7 The forfeited / lapsed LTI values relate to 0% of the performance awards which lapsed in August 2024 due to the performance hurdles not being met 8 The actual remuneration for D Clements is for the period he was an Executive KMP. He did not have any STI or LTI vest while a KMP. 9 The actual remuneration for H Wehby is for the period he was an Executive KMP. He resigned from Transurban Group on 20 August 2024 and as a result did not receive an STI for FY25 and forfeited any unvested equity.
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