Holiday Inn 2012 Annual Report Download - page 72
Download and view the complete annual report
Please find page 72 of the 2012 Holiday Inn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
 |
 |
70 IHG Annual Report and Financial Statements 2012
Details of elements shown:
2012 actual salary paid – salary for the year; for Kirk Kinsell this shows actual salary paid converted into sterling;
2012 ABP cash – cash portion of ABP award for 2012 performance;
2012 ABP deferred shares – value of deferred share portion of ABP award for 2012 performance (based on share price of 1,707.0p as at
31 December 2012);
2010/12 LTIP – value of LTIP award due to vest on 20 February 2013 as a result of 2010 to 2012 performance (based on share price of 1,707.0p
as at 31 December 2012);
2012 benefits – all taxable benefits arising from the individual’s employment in 2012; this includes the provision of a fully-expensed company
car, private healthcare, financial counselling and other benefits. For Kirk Kinsell, this includes the cost of expatriate benefits related to his
international assignment prior to taking up his Board appointment as President, The Americas, on 13 June 2011;
2012 pension benefit – for Richard Solomons, the increase in pension value during 2012; for other Executive Directors, the value of
Company contributions to pension plans or any cash allowances paid in lieu of pension contributions. The pension benefit accruing to
Richard Solomons in 2012 arose principally from his salary review when appointed Chief Executive in July 2011.
2009 ABP deferred shares – there was no vesting of ABP deferred shares relating to 2009 as no annual incentive was paid in respect
of financial year 2009.
All figures are calculated in accordance with our understanding of the requirements of the draft BIS regulations on disclosure
of executive pay.
.
3. Implementation: outcomes for 2012
A – Single figure remuneration in 2012 – actual and maximum
Single Total Figure Table (£000)
2012 2012 2012 ABP
2012 actual 2012 pension ABP deferred 2010/12
Director salary paid benefits benefit cash shares LTIP Total
Richard Solomons 716 48 1,140 494 494 1,738 4,630
Kirk Kinsell* 474 663 110 306 306 1,287 3,146
Tracy Robbins 409 23 123 300 300 954 2,109
Tom Singer 540 19 162 346 346 1,194 2,607
* Kirk Kinsell is paid in US dollars and the sterling values in the chart above have been calculated using an exchange rate of $1=£0.63.
2010/12 LTIP
2012 ABP deferred shares
2012 ABP cash
2012 pension benefit
2012 benefits
2012 actual salary paid
Value
(£000)
max
max
max
max
actual
actual
actual
actual
0
1,000
2,000
3,000
4,000
5,000
6,000
Tracy RobbinsKirk Kinsell Tom SingerRichard Solomons
Governance: Directors’ Remuneration Report continued