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THE BOARD, SENIOR
MANAGEMENT AND
THEIR RESPONSIBILITIES
Remuneration report 41
THE BOARD, SENIOR
MANAGEMENT AND
THEIR RESPONSIBILITIES
5 Long-term reward
Short Term Deferred Incentive Plan (STDIP) – now called the Annual Bonus Plan
Messrs Cosslett, Hartman, Porter and Solomons participated in the STDIP during the year ended 31 December 2007, and are expected
to receive an award on 25 February 2008. Directors’ pre-tax interests during the year were:
STDIP STDIP Value
shares shares based
awarded vested on share
during Market during Market STDIP price of
STDIP the year price the year price Value shares Planned 884.0p at
shares held 1 Jan 2007 to Award per share 1 Jan 2007 to Vesting per share at vesting held at vesting 31 Dec 07
Directors at 1 Jan 2007 31 Dec 2007 date at award 31 Dec 2007 date at vesting £ 31 Dec 2007 date £
Andrew Cosslett 39,91611.4.05 617.5p 39,916 1.4.07 1260.0p 502,942 –
32,16838.3.06 853.67p 32,168 8.3.07 1239.6p 398,755 –
32,1673,8 8.3.06 853.67p 28,877 8.3.08 255,273
32,1683,8 8.3.06 853.67p 28,878 8.3.09 255,282
62,5754,8,9 26.2.07 1235p 55,870 26.2.10 493,891
Total 113,625 1,004,446
Richard Hartman 29,447216.3.05 653.67p 29,447 16.3.07 1210.5p 356,456 –
29,447216.3.05 653.67p 29,447 16.3.08 260,312
19,71438.3.06 853.67p 19,714 8.3.07 1239.6p 244,375 –
19,7143,8 8.3.06 853.67p 17,698 8.3.08 156,451
19,7133,8 8.3.06 853.67p 17,696 8.3.09 156,433
51,2815,9 26.2.07 1235p 51,281 26.2.10 453,325
Total 116,122 1,026,521
Stevan Porter 26,978216.3.05 653.67p 26,978 16.3.07 1210.5p 326,56910 –
26,978216.3.05 653.67p 26,978 16.3.08 238,486
20,64338.3.06 853.67p 20,643 8.3.07 1239.6p 255,89110 –
20,6423,8 8.3.06 853.67p 18,531 8.3.08 163,815
20,6423,8 8.3.06 853.67p 18,530 8.3.09 163,806
33,3526,8,9 26.2.07 1235p 29,778 26.2.10 263,238
Total 93,817 829,345
Richard Solomons 29,020216.3.05 653.67p 29,020 16.3.07 1210.5p 351,287 –
29,021216.3.05 653.67p 29,021 16.3.08 256,546
20,56338.3.06 853.67p 20,563 8.3.07 1239.6p 254,899 –
20,5623,8 8.3.06 853.67p 18,459 8.3.08 163,178
20,5633,8 8.3.06 853.67p 18,459 8.3.09 163,178
40,0487,8,9 26.2.07 1235p 35,757 26.2.10 316,092
Total 101,696 898,994
1 This special award was made to Andrew Cosslett as part of his overall
recruitment terms. The shares were to vest in equal portions on the first
and second anniversary of the award date, subject to his continued
employment until that time. The second half of the award vested on
1 April 2007.
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 where the
performance measures were related to EPS, EBIT and personal
performance. Total shares held include matching shares.
4 This award was based on financial year 2006 performance and the bonus
target was 50% of base salary. Andrew Cosslett was awarded 50% for EPS
performance and 42% for Group EBIT performance. Andrew Cosslett's total
bonus was therefore 92% of his base salary. One matching share was
awarded for every two bonus shares earned.
5 This award was based on financial year 2006 performance and the bonus
target was 50% of base salary. Richard Hartman was awarded 50% for EPS
performance and 34.3% for EMEA EBIT performance. Richard Hartman's
total bonus was therefore 84.3% of his base salary. One matching share
was awarded for every two bonus shares earned.
6 This award was based on financial year 2006 performance and the bonus
target was 50% of base salary. Stevan Porter was awarded 50% for EPS
performance and 33.8% for Americas EBIT performance. Stevan Porter's
total bonus was therefore 83.8% of his base salary. One matching share
was awarded for every two bonus shares earned.
7 This award was based on financial year 2006 performance and the bonus
target was 50% of base salary. Richard Solomons was awarded 50% for
EPS performance and 42% for Group EBIT performance. Richard Solomons'
total bonus was therefore 92% of his base salary. One matching share
was awarded for every two bonus shares earned.
8 A proportion of these share interests were in InterContinental Hotels
Group PLC 113/7p ordinary shares which were subject to the share
consolidation effective from 4 June 2007. For every 56 existing
InterContinental Hotels Group PLC shares held on 1 June 2007,
shareholders received 47 new ordinary shares of 13 29/47p each and
a special dividend of 200p per existing ordinary share. As a consequence,
shares held at 31 December 2007 have been reduced accordingly.
9 Under the financial year 2006 STDIP, paid in 2007, 80% of the bonus award
was paid in shares and deferred for a full three-year period. Participants
could also defer the remaining 20% of bonus on the same terms.
10 The value of Stevan Porter's shares at vesting includes £67,953 that was
chargeable to UK income tax.