Marks and Spencer 2016 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2016 Marks and Spencer 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.

Page out of 132

  • 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

66
MARKS AND SPENCER GROUP PLC
DIRECTORS’ REPORT: GOVERNANCE
FIGURE 23: EXECUTIVE DIRECTORS’ INTERESTS IN THE COMPANY’S SHARE SCHEMES (audited) (continued)
Date
of grant
Maximum
receivable at
29 March 2015
(or date of
appointment)
Awarded
during
the year
Exercised
during
the year
Lapsed
during
the year
Maximum
receivable at
2 April 2016
(or date of
retirement)
Option
price
(p)
Share
price
on date
of grant
(p)
Share
price on
date of
exercise
(p)
Exercise period/
vesting date
Steve Rowe
Performance Share Plan118/06/12 232,912 – 10,946 221,966 – 0.0 325.1 543.5 –
24/06/13 300,343 – – – 300,343 0.0 437.0 – 24/06/16 – 23/06/23
23/06/14 300,343 – – – 300,343 0.0 437.0 – 23/06/17 – 22/06/24
24/07/15 – 260,826 – – 260,826 0.0 533.4 24/07/18 – 23/07/25
Deferred Share Bonus Plan 18/06/12 32,753 – 32,753 – – 0.0 325.1 543.5 –
24/06/13 50,457 – – – 50,457 0.0 437.0 – 24/06/16 – 23/06/23
19/06/15 – 59,556 – – 59,556 0.0 548.3 – 19/06/18 – 18/06/25
SAYE 21/11/13 2,222 – – – 2,222 405.0 505.6 – 01/01/17 – 30/06/17
Total 919,030 320,382 43,699 221,966 973,747
Laura Wade-Gery
Performance Share Plan118/06/12 416,025 – – 396,472 19,553 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 315,789 – – – 315,789 0.0 437.0 – 24/06/16 – 23/06/23
23/06/14 315,789 – – – 315,789 0.0 437.0 – 23/06/17 – 22/06/24
24/07/15 – 266,451 – – 266,451 0.0 533.4 – 24/07/18 – 23/07/25
Deferred Share Bonus Plan 18/06/12 37,442 – – – 37,442 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 53,684 – – – 53,684 0.0 437.0 – 24/06/16 – 23/06/23
19/06/15 – 19,938 – – 19,938 0.0 548.3 – 19/06/18 – 18/06/25
Total 1,138,729 286,389 – 396,472 1,028,646
Helen Weir
Performance Share Plan1 24/07/15 – 276,527 – – 276,527 0.0 533.4 – 24/07/18 – 23/07/25
SAYE 19/11/15 – 2,083 – – 2,083 432.0 539.2 – 01/01/19 – 30/06/19
Total – 278,610 – – 278,610
1. The number of options/conditional shares shown under the Performance Share Plan is the maximum (100%) number that could be receivable by the executive director if the
performance conditions are fully met. The 2012 award vested in June 2015 at 4.7% (December 2015 for Patrick Bousquet-Chavanne). 4.8% ofthe 2013 award will vest in June 2016,
as set out on page 62.
2. Patrick Bousquet-Chavanne’s awards are structured as conditional shares. His RSP award was made prior to his appointment to executive director.
3. John Dixon resigned from the Board on 16 July 2015 and left the Company on 16 January 2016. Details of his leaving arrangements are set out on page 68. All awards made in 2013,
2014 and 2015 and his SAYE award lapsed on leaving the Company. For transparency, these are shown in the ‘lapsed during the year’ column.
The aggregate gains of directors arising in the year from the exercise of options granted under the PSP, DSBP, RSP and SAYE totalled £2,364,978.
The market price of the shares at the end of the fi nancial year was 407.3p; the highest and lowest share price during the fi nancial year were 596.5p and 392.5p respectively.
EXECUTIVE DIRECTORS’ REMUNERATION CONTINUED
REMUNERATION REPORT
CONTINUED