Unilever 2014 Annual Report Download - page 35

On 13 February 2015, Paul Polman and Jean-Marc Hut nvested 60% and 25% respectvely of ther annual bonus earned n respect of
2014 and pad n 2015 n the MIP Ths resulted n 29,128 NV nvestment shares for Paul Polman and 2,839 NV and 2,839 PL nvestment
shares for Jean-Marc Hut They each receved a correspondng award of performance-related NV and PL shares under the terms of
the MIP
The 17 February 2012 MIP and SIP grants vested on 17 February at 121% In accordance wth Unlever’s Remuneraton Polcy
(wwwunlevercom/ara2014/downloads) Paul Polman elected for share choce and chose to receve hs shares n the form of 100% NV
shares Therefore, on vestng hs PL awards were cancelled and converted as 24,744 NV shares for MIP and 53,847 NV shares for
SIP, resultng n a total vestng for hs MIP award of 48,675 NV shares and 105,926 NV shares for hs SIP award For Jean-Marc Hut
ths resulted n 4,914 NV shares and 4,960 PL shares under MIP and 40,125 NV shares and 40,496 PL shares under SIP
The votng rghts of the Drectors who hold nterests n the share captal of NV and PL are the same as for other holders of the class
of shares ndcated None of the Drectors’ (Executve and Non-Executve) or other executve offcers’ shareholdngs amounts to more
than 1% of the ssued shares n that class of share, excludng the holdngs of the Leverhulme Trust and the Leverhulme Trade hartes
Trust, whch amount to 55% All shareholdngs n the table above are benefcal In addton, 68,531,182 shares are held by the
Leverhulme Trust and 2,035,582 shares are held by the Leverhulme Trade hartes Trust, of whch Paul Polman s a drector and s
therefore treated as nterested n those shares
INFORMATION IN RELATION TO OUTSTANDIN SHARE INENTIVE AWARDS
As at 31 December 2014, Paul Polman held awards over a total of 392,921 shares whch are subect to performance condtons
Jean-Marc Hut held awards over a total of 202,142 shares whch are subect to performance condtons There are no awards of shares
wthout performance condtons and no awards n the form of optons
SHARE MATHIN PLAN (AUDITED)
Balance of
condtonal shares
at 1 January 2014
ondtonal
shares vested
n 2014(a)
Balance of
condtonal shares at
31 December 2014
Share type No of shares No of shares Prce at award No of shares
Paul Polman NV 9,932(b) 9,932 2159 0
PL 9,932(b) 9,932 £1835 0
Jean-Marc Hut NV 5,047(c) 5,047 2159 0
PL 5,047(c) 5,047 £1835 0
(a) Each award of matchng shares s condtonal and vests three years after the date of the award subect to contnued employment and mantenance of the
underlyng bonus shares These awards were not subect to further performance condtons
(b) Awarded on 14 March 2011 and vested on 14 March 2014
(c) Awarded on 14 March 2011 and vested on 14 March 2014
There are no further outstandng awards under ths plan and no further awards wll be granted
MANAEMENT OINVESTMENT PLAN (AUDITED)
The followng condtonal shares were granted durng 2014 and were outstandng at 31 December 2014 under the MIP
Balance of
condtonal shares
at 1 January 2014
ondtonal shares
awarded n 2014(a)
Balance of
condtonal shares
at 31 December 2014
Share
type Orgnal award
Performance perod
1 January 2014 to
31 December 2016
Prce at
award
Dvdend shares
accrued durng
the year(d)
Paul Polman NV 42,719(b) 41,775 2770 2,688 87,182
PL 42,912(b) 0 – 1,688 44,600
Jean-Marc Hut NV 9,218(c) 4,036 2770 447 13,701
PL 9,259(c) 4,036 £2349 480 13,775
(a)Each award of condtonal matchng shares vests three years after the date of the award, subect to performance condtons (further detals can be found
on pages 65 to 66) Awards are all subect to contnued employment and mantenance of the underlyng nvestment shares Under MIP, Executve Drectors
are able to choose whether they nvest n PL or NV shares or a 50/50 mx Executve Drectors receve a correspondng number of performance-related
matchng shares Matchng shares wll be awarded n the same form as the nvestment shares (e n PL or NV shares or a 50/50 mx) On 14 February 2014,
Paul Polman and Jean-Marc Hut nvested n the MIP 60% and 25% respectvely of ther annual bonus earned durng 2013 and pad n 2014 and receved a
correspondng award of matchng shares whch wll vest, subect to performance, on 14 February 2017
(b) Ths ncludes 17,772 NV and PL shares granted on 17 February 2012 and 641 NV shares and 706 PL shares from renvested dvdends accrued n 2012 and 664
NV shares and 727 PL shares from renvested dvdends accrued n 2013 These shares were subect to performance condtons over the three-year perod to
31 December 2014 and 121% of the award vested on 17 February 2015 Ths also ncludes 22,999 NV and PL shares granted on 18 February 2013 and 643 NV
shares and 708 PL shares from renvested dvdends accrued n 2013 These shares wll vest, subect to performance condtons, on 18 February 2016
(c) Ths ncludes 3,649 NV and PL shares granted on 17 February 2012 and 132 NV shares and 145 PL shares from renvested dvdends accrued n 2012 and 136
NV shares and 149 PL shares from renvested dvdends accrued n 2013 These shares were subect to performance condtons over the three-year perod to
31 December 2014 and 121% of the award vested on 17 February 2015 Ths also ncludes 5,157 NV and PL shares granted on 18 February 2013 and 144 NV
shares and 159 PL shares from renvested dvdends accrued n 2013 These shares wll vest, subect to performance condtons, on 18 February 2016
(d) Reflects renvested dvdend equvalents accrued durng 2014 and subect to the same performance condtons as the underlyng matchng shares
72 Unilever Annual Report and Accounts 2014Governance
DIRETORS’ REMUNERATION
REPORT ONTINUED