Transurban Corporate Report FY25 Remuneration report
% of total vested and exercised in FY25
Vested and exercised in FY25
% Lapsed/ forfeited in FY25 3
Fair value of equity ($) 5,6
Balance at start of year
Granted during year
Lapsed/ forfeited in FY25
Balance at end of year 4
Allocation date
Grant date
Vesting date
Type of equity 1,2
N Green Performance awards Performance awards Performance awards
1-Jul-227-Oct-22 Aug-26 6,000 1-Jul-236-Oct-23 Aug-27 6,000
— —
— — — —
— — — —
— — — — — — —
— — — — — — — — — —
6,000 6,000
52,680 47,790
1-Jul-24 4-Oct-24 Aug-28
—
63,847 63,847
63,847 525,780 75,847 626,250
TOTAL Performance awards
12,000
Deferred securities Deferred securities Deferred securities ShareLink Share Offer ShareLink Share Offer
21-Oct-227-Oct-22 Aug-24 6,328 27-Oct-23 6-Oct-23 Aug-25 24,106
— —
(6,328)
100
—
80,049
— —
— — — —
24,106 301,566 21,780 285,318
25-Oct-24 4-Oct-24 Aug-26 7-Dec-22 7-Dec-22 7-Dec-25 6-Dec-23 6-Dec-23 6-Dec-26
— 73 80
21,780
73 80
989 993
TOTAL Deferred securities
30,587
21,780
(6,328)
100
—
46,039 668,915
S Moorfield Performance awards Performance awards Performance awards Performance awards Performance awards
1-Jul-21 4-Oct-21 Aug-24 25,488 1-Jul-21 4-Oct-21 Aug-25 26,337 1-Jul-22 7-Oct-22 Aug-26 60,703 1-Jul-23 6-Oct-23 Aug-27 49,646
— — — —
— — — — — —
— (25,488)
100
— 167,201
— — — —
— — — —
— — — —
26,337 180,672 60,703 532,972 49,646 395,430 65,124 536,296
1-Jul-24 4-Oct-24 Aug-28
—
65,124 65,124
TOTAL Performance awards
162,174
— (25,488)
11 201,810 1,812,571
Deferred securities Deferred securities Deferred securities
21-Oct-22 7-Oct-22 Aug-24 17,925 27-Oct-23 6-Oct-23 Aug-25 23,413
— —
(17,925)
100
— — — —
— — — —
— 226,751
— —
— — 27
23,413 292,897 26,138 342,408 49,551 862,056
25-Oct-24 4-Oct-24 Aug-26
—
26,138 26,138
TOTAL Deferred securities
41,338
(17,925)
Former Executive KMP
H Wehby 8 Performance awards Performance awards Performance awards Performance awards
1-Jul-21 4-Oct-21 Aug-24 32,984 1-Jul-21 4-Oct-21 Aug-25 34,083 1-Jul-22 7-Oct-22 Aug-26 70,288 1-Jul-23 6-Oct-23 Aug-27 61,154
— — — — — — — —
— — — — —
— (32,984) — (34,083) — (70,288) — (61,154) — (198,509)
100 100 100 100 100
— 216,375 — 233,809 — 617,129 — 487,092 — 1,554,405 — 199,604 — 448,421 — 648,025
TOTAL Performance awards
198,509
Deferred securities Deferred securities
21-Oct-22 7-Oct-22 Aug-24 15,779 27-Oct-23 6-Oct-23 Aug-25 35,845
(15,779)
100
—
—
—
— (35,845) 31 (51,624)
100
TOTAL Deferred securities
51,624
(15,779)
69
1 Additional 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 Performance 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 Performance awards granted in FY22 did not vest during FY25 at the end of the three-year performance period as it did not meet the relative TSR performance hurdle. 4 No closely related parties of Executive KMP held any performance awards or deferred securities during FY25 5 Fair value at grant date for performance awards. Deferred securities represent the fair value of the STI deferred component 6 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 amount included is not related to or indicative of the benefit (if any) that individual executives may ultimately realise should these equity instruments vest 7 D Clements equity shown includes grants made and vesting which occurred prior to his KMP role 8 H Wehby resigned from Transurban Group on 20 August 2024 and as a result forfeited all unvested equity awards after this date.
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