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62 DIRECTORS’ REMUNERATION REPORT
Tesco PLC Annual Report and Financial Statements 2009
Table 9 Executive Incentive Plan1
Date of
Share price As at Shares awarded/ Shares released/ As at release/date
Date of on award 23 February options options 28 February from which Expiry
award/grant (pence) 2008 granted exercised 2009 exercisable date3
Richard Brasher 20.05.2005 311.00 102,636 3,229 – 105,865 20.05.2008 20.05.2015
26.05.2006 318.50 172,945 5,491 – 178,436 26.05.2009 26.05.2016
24.05.2007 456.75 145,594 4,622 – 150,216 24.05.2010 24.05.2017
02.05.2008 424.05 – 149,192 – 149,192 02.05.2011 02.05.2018
Total 421,175 162,534 – 583,709
Philip Clarke 20.05.2005 311.00 152,415 4,795 – 157,210 20.05.2008 20.05.2015
26.05.2006 318.50 202,817 6,440 – 209,257 26.05.2009 26.05.2016
24.05.2007 456.75 156,159 4,959 – 161,118 24.05.2010 24.05.2017
02.05.2008 424.05 – 149,192 – 149,192 02.05.2011 02.05.2018
Total 511,391 165,386 – 676,777
Andrew Higginson 20.05.2005 311.00 152,415 4,795 – 157, 210 20.05.2008 20.05.2015
26.05.2006 318.50 202,817 6,440 – 209,257 26.05.2009 26.05.2016
24.05.2007 456.75 156,159 4,959 – 161,118 24.05.2010 24.05.2017
02.05.2008 424.05 – 149,192 – 149,192 02.05.2011 02.05.2018
Total 511,391 165,386 – 676,777
Sir Terry Leahy 20.05.2005 311.00 264,290 8,316 – 272,606 20.05.2008 20.05.2015
26.05.2006 318.50 355,326 11,284 – 366,610 26.05.2009 26.05.2016
24.05.2007 456.75 273,581 8,687 – 282,268 24.05.2010 24.05.2017
02.05.2008 424.05 – 403,030 – 403,030 02.05.2011 02.05.2018
Total 893,197 431,317 – 1,324,514
Tim Mason2 20.05.2005 311.00 152,415 4,795 – 157, 210 20.05.2008 20.05.2015
24.05.2007 456.75 177,470 5,635 – 183,105 24.05.2010 –
02.05.2008 424.05 – 299,078 – 299,078 02.05.2011 –
Total 329,885 309,508 – 639,393
Lucy Neville-Rolfe 24.05.2007 456.75 74,452 2,363 – 76,815 24.05.2010 24.05.2017
02.05.2008 424.05 – 97,957 – 97,957 02.05.2011 02.05.2018
Total 74,452 100,320 – 174,772
David Potts 20.05.2005 311.00 152,415 4,795 – 157, 210 20.05.2008 20.05.2015
26.05.2006 318.50 202,817 6,440 – 209,257 26.05.2009 26.05.2016
24.05.2007 456.75 156,159 4,959 – 161,118 24.05.2010 24.05.2017
02.05.2008 424.05 – 149,192 – 149,192 02.05.2011 02.05.2018
Total 511,391 165,386 – 676,777
Total 3,252,882 1,499,837 – 4,752,719
1 The Executive Incentive Plan replaced the short-term Executive Incentive Scheme. The first award under the new plan was made in 2005. The awards are subject to performance conditions
based on TSR, earnings per share and corporate objectives. The awards are increased to reflect dividend equivalents as each dividend is paid.
2 Since 2007 Tim Mason’s awards have been made in the form of an unfunded promise. His 2005 award was made in the form of nil cost options.
3 No options lapsed in the year under the Executive Incentive Plan.
Directors’ remuneration report continued