Holiday Inn 2003 Annual Report Download - page 28

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26 InterContinental Hotels Group 2003
REMUNERATION REPORT
The awards made in respect of the Performance Restricted Share Plan cycles ending on 31 December 2004 and 31 December
2005 and the maximum pre-tax number of ordinary shares due if performance targets are achieved in full are:
Awards held at Awards granted during the period to Max potential entitlement Value based on share
15.4.03 31.12.03. Max potential entitlement at 31.12.03 price of 445p
Ordinary shares Ordinary shares Ordinary shares at award
Directors 2003/04* 2003/05** £000
Richard Hartman – 111,930 167,900 279,830 1,245
Richard North – 188,760 283,140 471,900 2,100
Stevan Porter – 113,810 170,710 284,520 1,266
Sir Ian Prosser*** – 65,410 65,410 130,820 582
Richard Solomons – 110,110 165,160 275,270 1,225
6,418
* This ‘transitional’ award is based on performance to 31 December 2004 where the performance measure relates to the Company’s total shareholder
return against a group of 11 other comparator companies. The number of shares released will be graded, according to where the Company finishes
in the comparator group, with 100% of the award being released for first or second position and 20% of the award being released for sixth place.
Below sixth place there will be no release.
** This award is based on performance to 31 December 2005 where the performance measure relates to both the Company’s total shareholder return against
a group of 11 other comparator companies and growth in return on capital employed. Further details of the performance measure are set out on page 21.
*** Sir Ian Prosser’s award was pro-rated to reflect his actual service during the performance period following his retirement from the role of executive
Chairman on 5 July 2003.
Ordinary shares under option
Equivalent
value IHG
Six Continents Options Weighted
Options held at rolled over Granted Lapsed Exercised Options average
1.10.02 or date of following during the during the during the held at option Option
6 DIRECTORS’ OPTIONS appointment Separation+period period period 31.12.03 price (p) price (p)
Richard Hartman 213,100 364,388 398.98
250,684* 438.00
A364,388 398.98
C250,684 438.00
Total 213,100 364,388 250,684 – – 615,072 414.88
Richard North 416,400 712,017 388.66
410,958* 438.00
2,193** 420.50
A693,379 383.16
B18,638 593.29
C413,151 437.91
Total 416,400 712,017 413,151 – – 1,125,168 406.74
Stevan Porter 104,200 178,176 409.36
254,883* 438.00
A178,176 409.36
C254,883 438.00
Total 104,200 178,176 254,883 – – 433,059 426.22
Sir Ian Prosser 722,075 1,234,704 430.84
33,343º304.10
1,105#350.00
532*** 1,054#366.00
A1,157,461 428.87
B41,209 593.29
Total 722,075 1,234,704 – 532 35,502 1,198,670 434.52
Richard Solomons 211,858 362,261 374.92
239,726* 438.00
3,769** 420.50
` 3,862*** 854#351.00
A335,487 360.90
B22,058 593.29
C243,495 437.73
Total 211,858 362,261 243,495 3,862 854 601,040 400.55