Holiday Inn 2013 Annual Report Download - page 89
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The Annual Report on Directors’ Remuneration explains how the Directors’ Remuneration Policy for 2013 was implemented and the
resulting payments each of the Directors received. The notes to the single figure table provide further detail, including measures and
outcomes for 2013 where relevant, for each of the elements that make up the total single figure of remuneration in respect of each of
the Executive Directors. This report is subject to an advisory vote at the 2014 AGM.
Single total figure of remuneration –
Executive Directors (audited information)
Salary Benefits APP LTIP Pension benefit Total
Executive
Directors
2013
£000
2012
£000
2013
£000
2012
£000
2013
£000
2012
£000
2011/13
cycle (value
of shares)
£0003
2010/12
cycle (value
of shares)
£0004
2013
£000
2012
£000
2013
£000
2012
£000
Richard
Solomons 735 716 34 48 1,098 988 1,036 1,989 246 1,14053,149 4,881
Kirk Kinsell1492 474 85 663 532 612 865 1,473 114 110 2,088 3,332
Tracy
Robbins 421 409 21 23 631 600 656 1,091 126 123 1,855 2,246
Tom Singer2548 540 29 19 409 1,172 935 1,366 164 162 2,085 3,259
1
Kirk Kinsell is paid in US dollars and the sterling equivalents for the values shown above have been calculated using an exchange rate of
$1.00 = £0.64.
2 Tom Singer’s APP award figure for 2012 includes a cash payment of £480,000 which he received in March 2012 to compensate him for forgone
incentives from his previous employer. As a result of Tom Singer’s resignation from IHG with effect from 1 January 2014, Tom Singer will receive
only the 50% cash portion of the 2013 APP award, in accordance with plan rules.
3
Based on share price as at 31 December 2013 of 2,013p.
4
Based on share price on date of actual vesting of 1,953p.
5
Richard Solomons participated in the executive defined benefit section of the IC Plan in 2012, which closed to future accruals for existing members
on 30 June 2013. See page 91 for further details.
0
1000
2000
3000
4000
5000
Value
(£000)
Tracy RobbinsKirk Kinsell Tom SingerRichard Solomons
2012
2013 20122013 20122013 20122013
LTIP
APP deferred shares
APP cash
Pension benefit
Benefits
Salary
£4,881
£2,088
£3,332
£1,855
£2,246
£3,259
£2,085
£3,149
Annual Report on Directors’ Remuneration
Governance 87
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP
FINANCIAL STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS ADDITIONAL INFORMATION