Aviva 2014 Annual Report Download - page 113

Aviva plc Annual report and accounts 2014
109
Non-Executive Directors’ shareholdings (audited information)
Table 21: Non-Executive Directors’ shareholdings1
1 January 201
4
31 December 201
4
Glyn Barker 11,700 11,700
Patricia Cross —7,000
Michael Hawker 10,000 20,000
Gay Huey Evans 5,000 5,000
John McFarlane 10,000 10,000
Michael Mire 7,500 7,500
Sir Adrian Montague 21,503 22,068
Bob Stein 7,000 17,000
Scott Whewa
y
13,579 13,579
Notes
1 This information includes holdings of any connected persons.
Share awards and Share Options (audited information)
Details of the EDs who were in office for any part of the 2014 financial year and hold or held outstanding share awards or options over
ordinary shares of the Company pursuant to the Company’s share based incentive plans are set out in Table 22 below. Savings-related
share options refer to options granted under the HMRC approved Aviva 2007 SAYE Scheme and are normally exercisable during the six
month period following the end of the relevant (3, 5 or 7 year) savings contract.
Table 22: LTIP, ABP, options over Aviva Shares
At 1 January
2014
Number
Options/ Awards
granted
during year1
Number
Options/ Awards
exercised/ vesting
during year
Number
Options/ Awards
lapsing during
year2
Number
At 31
December
20143
Number
Market price
at date
awards
granted4
Penc
e
Exercise
Price(Options)
Pence
Market price at
date awards
vested/ option
exercised
Penc
e
Normal
Vesting
Date/
Exercise Period7
Patrick Regan
A
viva long term incentive plan5, 6
2011 311,059 —
—
311,059
—
435.60
—
Mar-14
2012 425,223 —
—
425,223
—
331.50
—
Mar-15
2013 541,806 —
—
541,806
—
294.20
—
Apr-16
A
viva annual bonus plan
2011 102,741 —
—
102,741
—
435.60
—
Mar-14
2012 151,700 —
—
151,700
—
331.50
—
Mar-15
Savings-related options 20108 2,903 —2,903
—
—
—
310.00 523.009
Dec 13
–
May 14
Mark Wilson
A
viva long term incentive plan5, 6
2013 983,277 —
—
—
983,277 294.20
—
Apr-16
2014 — 601,226
—
—
601,226 476.40
—
Mar-17
A
viva annual bonus plan
2014 — 150,306
—
—
150,306 476.40
—
Mar-17
Savings-related options 20148 — 3,615
—
—
3,615
—
419.00
—
Dec 19
–
May 20
Notes
1 The aggregate net value of share awards granted to the directors in the period was £3.6 million (2013: £4.5 million). The net value has been calculated by reference to the closing
middle-market price of an ordinary share of the Company at the date of grant.
2 Awards lapsed during the year further to Mr Regan’s resignation from the Company effective 28 March 2014.
3 The information given in this column is at 31 December 2014 or the date on which a director ceased to be a director of the Company (Mr Regan: 28 March 2014).
4 The actual price used to calculate the ABP and LTIP awards is based on a three day average closing middle-market price of an ordinary share of the Company, prior to grant date.
These were in 2011: 434 pence, 2012: 336 pence, 2013: 299 pence and 2014: 489 pence.
5 For the 2013 and 2014 LTIP grant, the TSR comparator group consisted of the following companies: Aegon, Allianz, Assicurazioni Generali , Axa, CNP Assurances, Direct Line
Group, Friends Life Group, Legal & General, Met Life, Old Mutual, Prudential, RSA Insurance Group, Standard Life and Zurich Financial. For the 2011 and 2012 LTIP grants the TSR
comparator group consisted of the following companies: Aegon, Allianz, Assicurazioni Generali, Axa, Ageas, Friends Life Group, ING Groep, Legal & General, Lloyds Banking
Group, Prudential, RSA, Royal Bank of Scotland Group, Standard Life and Zurich Financial.
6 The performance periods for these awards begin at the commencement of the financial year in which the award is granted.
7 Any unexercised options will lapse at the end of the exercise period.
8 Options are not subject to performance conditions (the savings related options being granted under the SAYE plan). The option price was fixed by reference to a three day
average closing middle-market price of an ordinary share of the Company, prior to grant date, with a discount of 20% as permitted under the SAYE plan.
9 Mr Regan exercised his options on 12 March 2014.
Governance
Aviva plc Annual report and accounts 2014 |109