Holiday Inn 2006 Annual Report Download - page 38

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Remuneration report
36 IHG Annual report and financial statements 2006
5 Long-term reward
Short Term Deferred Incentive Plan (STDIP)
Messrs Cosslett, Hartman, Porter and Solomons participated in the STDIP during the year ended 31 December 2006, and are expected
to receive an award on 26 February 2007.
Directors’ pre-tax interests during the year were:
STDIP STDIP Value
shares shares based
awarded vested on share
STDIP during Market during Market STDIP price of
shares the year price per the year price per Value at shares Planned 1262.0p at
held at 1.1.06 to Award share at 1.1.06 to Vesting share at vesting held at vesting 31.12.06
Directors 1.1.06 31.12.06 date award 31.12.06 date vesting £ 31.12.06 date £
Andrew Cosslett 39,91611.4.05 617.5p 39,916 3.4.06 942p 376,009 –
39,91611.4.05 617.5p 39,916 1.4.07 503,740
105,2763, 7 8.3.06 853.67p 32,168 8.3.07 405,961
32,167 8.3.08 405,948
32,168 8.3.09 405,961
Total 136,419 1,721,610
Richard Hartman 29,447216.3.05 654p 29,447 16.3.06 891.58p 262,544 –
29,447216.3.05 654p 29,447 16.3.07 371,622
29,447216.3.05 654p 29,447 16.3.08 371,622
64,5184, 7 8.3.06 853.67p 19,714 8.3.07 248,791
19,714 8.3.08 248,791
19,713 8.3.09 248,779
Total 118,035 1,489,605
Stevan Porter 26,978216.3.05 654p 26,978 16.3.06 891.58p 240,5308–
26,978216.3.05 654p 26,978 16.3.07 340,463
26,978216.3.05 654p 26,978 16.3.08 340,463
67,5575, 7 8.3.06 853.67p 20,643 8.3.07 260,515
20,642 8.3.08 260,503
20,642 8.3.09 260,503
Total 115,883 1,462,447
Richard Solomons 29,020216.3.05 654p 29,020 16.3.06 891.58p 258,737 –
29,020216.3.05 654p 29,020 16.3.07 366,233
29,021216.3.05 654p 29,021 16.3.08 366,246
67,2966, 7 8.3.06 853.67p 20,563 8.3.07 259,506
20,562 8.3.08 259,493
20,563 8.3.09 259,506
Total 119,729 1,510,984
1 This special award was made to Andrew Cosslett as part of his overall recruitment terms. The shares vest in equal portions on the first and second anniversary
of the award date, subject to his continued employment until that time. The first half of the award vested on 3 April 2006.
2 This award was based on financial year 2004 performance where the performance measures were related to earnings per share (EPS), earnings before interest
and tax (EBIT) and personal performance. Total Shares held include matching shares.
3 This award was based on financial year 2005 performance and the bonus target was 50% of base salary. Andrew Cosslett was awarded 70% of his bonus target
for EPS performance, 69.4% of his bonus target for Group EBIT performance and 45% of his bonus target for his personal performance. Andrew Cosslett’s total
bonus was therefore 184.4% of his bonus target. One matching share was awarded for every two bonus shares earned.
4 This award was based on financial year 2005 performance and the bonus target was 50% of base salary. Richard Hartman was awarded 70% of his bonus target
for EPS performance, 46.2% of his bonus target for EMEA EBIT performance and 30% of his bonus target for his personal performance. Richard Hartman’s total
bonus was therefore 146.2% of his bonus target. One matching share was awarded for every two bonus shares earned.
5 This award was based on financial year 2005 performance and the bonus target was 50% of base salary. Stevan Porter was awarded 70% of his bonus target for
EPS performance, 64.4% of his bonus target for The Americas EBIT performance and 45% of his bonus target for his personal performance. Stevan Porter’s total
bonus was therefore 179.4% of his bonus target. One matching share was awarded for every two bonus shares earned.
6 This award was based on financial year 2005 performance and the bonus target was 50% of base salary. Richard Solomons was awarded 70% of his bonus target
for EPS performance, 69.4% of his bonus target for Group EBIT performance and 45% of his bonus target for his personal performance. Richard Solomons’ total
bonus was therefore 184.4% of his bonus target. One matching share was awarded for every two bonus shares earned.
7 These share interests were in InterContinental Hotels Group PLC 10p ordinary shares prior to the share consolidation effective from 12 June 2006. For every eight
existing InterContinental Hotels Group PLC shares held on 9 June 2006, shareholders received seven new ordinary shares of 113⁄7p each and 118p per existing
ordinary share. As a consequence, shares held at 31 December 2006 have been reduced accordingly.
8 The value of Stevan Porter’s shares at vesting includes £17,037 that was chargeable to UK income tax.