Remuneration report | Contents
Executive KMP remuneration
Post- employment benefits
Long-term benefits Annual and Long Service
Share-based benefits 1
Short-term employee benefits
Cash salary and fees 2
Non-monetary
Cash STI 3
benefits 4 Superannuation
Leave Deferred STI 5
Total 6
LTI Awards
Current Executive KMP
M Jablko 2025
2,048,466
1,112,500
768
29,932
6,704
776,044
1,137,573
5,111,987
2024
1,808,018
773,850
844
27,399
51,995
524,864
727,148
3,914,118
H Byrne 2025
1,170,068
500,000
1,536
29,932
(9,832)
352,381
436,088
2,480,173
2024
1,076,844
319,500
1,583
27,399
145,381
255,213
338,040
2,163,960
D Clements 7 2025
608,417
210,000
533
20,931
71,988
129,341
99,936
1,141,146
N Green 8 2025
970,068
320,000
1,980
29,932
(4,913)
281,626
150,152
1,748,845
2024
81,050
23,700
170
2,283
1,153
17,364
1,985
127,705
S Moorfield 2025
986,481
425,000
768
29,932
9,626
333,924
409,049
2,194,780
2024
955,601
351,800
844
27,399
(1,192)
279,330
339,034
1,952,816
Total for Current Executive KMP 2025 5,783,500
2,567,500
5,585
140,659
73,573
1,873,316
2,232,798 12,676,931
2024
3,921,513
1,468,850
3,441
84,480
197,337
1,076,771
1,406,207
8,158,599
Former Executive KMP
H Wehby 9 2025
163,987
—
104
4,195
(101,866)
(423,172)
(566,873)
(923,625)
2024
1,142,677
—
806
27,399
63,194
340,344
415,288
1,989,708
Total 2025 2024 10
5,947,487
2,567,500
5,689
144,854
(28,293)
1,450,144
1,665,925 11,753,306
5,064,190
1,468,850
4,247
111,879
260,531
1,417,115
1,821,495 10,148,307
1 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 2 Cash salary and fees does not include unpaid leave taken during the year. For M Jablko, this includes a one-off cash payment ($18,398) made to redress the missed February 2025 distribution payment which M Jablko would have received if Transurban was able to purchase securities under the FY24 Deferred STI Plan prior to the record date (31 December 2024). 3 For current Executive KMP, the amounts represent the cash STI payment to Executive KMP for FY25, which will be paid in September 2025 4 Non-monetary benefits include Group employee insurance 5 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 combined performance and deferral period 6 The percentage of FY25 remuneration related to performance was M Jablko 59%, H Byrne 52%, D Clements 38%, N Green 43%, S Moorfield 53% and H Wehby NA 7 D Clements remuneration reflects the period as KMP from 21 October 2024 8 N Green remuneration reflects the period as KMP from 1 June 202 4 9 H Wehby resigned from Transurban Group on 20 August 2024. As a result, he forfeited his STI for FY24. 10 The total disclosed in the FY24 Remuneration Report ($16,805,964) includes remuneration of former Executive KMP, which are excluded from the above disclosure, comprising S Charlton ($1,862,970), M Huey ($2,398,330) and S Johnson ($1,977,607). Total also included cash STI for H Wehby ($418,750) which was forfeited prior to payment.
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