Holiday Inn 2014 Annual Report Download - page 90

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Shares and awards held by Executive Directors as at 31 December 2014: % of salary
% of salary
300
0 250 500 750 1000 1250 1500 1750 2000 2250 2500
Richard Solomons
Kirk Kinsell
Tracy Robbins
Paul Edgecliffe-Johnson
200
200
200
1,298
631
305
77665
1,824
1,487
2,463
Shares held outright Guideline shareholding requirementTotal shares and awards
Shares held by Executive Directors as at 31 December 2014: number of shares (audited information)
Executive Director
Number of shares
held outright1
APP deferred
share awards2
LTIP share awards
(unvested)3
Total number of
shares and awards held
2014 2013 2014 2013 2014 2013 2014 2013
Richard Solomons 382,533 371,198 81,240 90,068 262,234 267,275 726,007 728,541
Paul Edgecliffe-Johnson410,583 n/a 12,860 n/a 102,223 n/a 125,666 n/a
Kirk Kinsell 117,6405127,444649,580 66,502 172,938 194,384 340,158 388,330
Tracy Robbins 51,418 85,703 48,932 55,905 150,041 158,337 250,391 299,945
1 These shareholdings include all Directors’ beneficial interests and those held by their spouses and other connected persons.
2 Awards not subject to performance conditions.
3 Awards still subject to performance conditions as set out on pages 84 and 85.
4 Paul Edgecliffe-Johnson was appointed to the Board on 1 January 2014.
5 Comprised 117,092 ordinary shares and 548 American Depositary Receipts.
6 Comprised 126,850 ordinary shares and 594 American Depositary Receipts.
Percentage change in remuneration of Chief Executive Officer
The table below shows the percentage change in the remuneration of the Chief Executive Officer compared with UK employees between
2013 and 2014:
Chief Executive Officer UK employees
Salary +3.5% +3.0%1
Taxable benefits2-11.8% +4.5%
Annual incentive +2.7% +7.6%
1 The percentage change for UK employees shown is the budget for the 2014
annual pay review and promotions/market adjustments during 2014.
2 Based on P11D taxable benefits for tax year ending 5 April in relevant year.
We believe that an appropriate comparator group for salary and
taxable benefits comparison is UK-based employees because the
structure and composition of remuneration for that group most
closely reflects that of the UK-based Chief Executive Officer.
Therefore, the same UK market dynamics will apply to salary
movements providing a like-for-like comparison.
For the annual incentive, the comparator group used is the
grade of executives at and immediately below Executive
Committee level, who are subject to the same performance
measures as the Chief Executive Officer, and with a “very good”
individual performance rating.
Statement of Directors’ shareholdings and share interests (audited information)
The Committee believes that share ownership by Executive Directors and senior executives strengthens the link between the individual’s
personal interests and those of shareholders.
Guideline Executive Director shareholding requirement
Executive Directors are expected to hold all shares earned (net of any share sales required to meet personal tax liabilities), until the
guideline shareholding requirement is achieved. As can be seen from the graph below, with the exception of Paul Edgecliffe-Johnson,
the shareholdings for the other Executive Directors are substantial and the guideline requirement exceeded. Percentages are based
on shareholding and a share price of 2,595p per share as at 31 December 2014.
Annual Report on Directors’ Remuneration continued
IHG Annual Report and Form 20-F 2014
88
continuedDirectors’ Remuneration Report