Barclays 2013 Annual Report Download - page 126

Outstanding share plan and long-term incentive plan awards (audited)
Number of shares
under award/option
at 1 January 2013
(maximum)
Number of shares
awarded in year
(maximum)
Rights Issue
Adjustment
(maximum)
Market price
on award date
Weighted average
exercise price
Antony Jenkins
Executive Share Award Scheme 2007 7,052 – – £4.14 –
Barclays LTIP 2012-2014 1,052,347 – 86,870 £1.81 –
Barclays LTIP 2012-2014 1,266,715 – 104,565 £1.86 –
Barclays LTIP 2013-2015 – 1,428,107 117,888 £3.06 –
Share Value Plan 2010 412,141 – – £3.55 –
Share Value Plan 2011 285,370 – 11,778 £2.88 –
Share Value Plan 2012 1,796,137 – 50,690 £2.53 –
Share Value Plan 2012 1,995,237 – 164,704 £1.86 –
Tushar Morzaria
Share Value Plan 2013 – 1,089,495 – £2.51 –
Chris Lucas
PSP 2010-2012 927,318 – – £3.55 –
Sharesave 2007 3,735 – 308 – £4.35
Sharesave 2012 6,250 – 515 – £1.33
Executive Share Award Scheme 2007 44,006 – – £4.14 –
Executive Share Award Scheme 2009 602,756 – 50,071 £3.55 –
Share Value Plan 2011 130,293 – 5,377 £2.76 –
Share Value Plan 2012 736,877 – 50,690 £2.53 –
Barclays LTIP 2011-2013 1,447,701 – 119,506 £2.76 –
Barclays LTIP 2012-2014 2,158,661 – 178,195 £1.81 –
Barclays LTIP 2013-2015 – 1,038,623 85,737 £3.06 –
The interests shown in the table above are the maximum number of Barclays’ shares that may be received under each plan. Executive Directors do
not pay for any share plan or long-term incentive plan awards (other than Sharesave). Numbers shown for Executive Share Award Scheme (ESAS)
represent provisional allocations that have been awarded and may also include shares under option as at 31 December 2013. Antony Jenkins received
834 dividend shares from ESAS awards released in 2013 and 68,896 dividend shares from SVP awards released in 2013 (market price on release date
was £3.06).
Chris Lucas received 15,369 dividend shares from the PSP award released in 2013 (market price on release date was £3.06) and 6,492 dividend
shares from the SVP award released in 2013 (market price on release date was £3.06 and £3.07). With the exception of Chris Lucas’ SVP 2012
award, SVP awards do not have performance conditions as the awards are deferred share bonuses. Vesting of SVP awards is dependent on future
service and subject to malus conditions. The vesting of 50% of each tranche of Chris Lucas’ SVP 2012 award is subject to the condition that on
vesting return on equity exceeds cost of equity. The vesting of the second and third tranches of Chris Lucas’ SVP 2012 award are also subject to
the Committee being satisfied with progress against the PRA’s capital targets. The highest and lowest Barclays share prices during 2013 were
£3.31 and £2.49 respectively; the share price on 31 December 2013 was £2.72. In relation to Chris Lucas’ PSP 2010-2012 award, the RoRWA
performance measure was not met and the TSR performance measure was partially met. The Committee also considered the underpin and was
satisfied with the underlying health of the Group. As a result, the award vested in March 2013 at 0.7 times the initial award (maximum was three
times). SVP 2013 granted to Tushar Morzaria was granted in respect of awards he forfeited as a result of accepting employment at Barclays. This
award was made in line with the Barclays’ recruitment policy.
Outstanding Contingent Capital Plan awards and Cash Value Plan awards (audited)
Value under
award at
1 January
2013
(maximum)
(£000)
Value
awarded
in year
(maximum)
(£000)
Value
paid
in year
(£000)
Value
lapsed
in year
(£000)
Value under
award at
31 December
2013
(maximum)
(£000)
First scheduled
release date
Last scheduled
release date
Antony Jenkins
Contingent Capital Plan 2011 900 – 450 – 450 15/03/2012 15/03/2014
Cash Value Plan 2012 2,250 – 750 – 1,500 18/03/2013 16/03/2015
Chris Lucas
Contingent Capital Plan 2011 360 – 180 – 180 23/05/2012 23/05/2014
Deferred cash bonuses granted under CCP in 2011 and CVP in 2012 are dependent on future service and vest subject to malus conditions. The
vesting of CCP awards is subject to the condition that the Core Tier 1 ratio is equal to or exceeds 7%. On the vesting of CCP awards, a ‘coupon’
may be added which for the awards shown is 7% on the award amount (on an annualised and non-compounded basis). In addition to the values
paid in year shown in the table above, a coupon of 7% was paid on the CCP amounts paid in 2013. Executive Directors do not pay for CCP awards.
On the vesting of CVP awards, a ‘service credit’ may be added on the third and final vesting amount which for the award shown is 10% on the
award amount. Antony Jenkins received the CVP award as part of his 2011 bonus, which was awarded in respect of performance in his role as CEO
of Retail and Business Banking. He did not pay for the award.
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124 Barclays PLC Annual Report 2013
Remuneration report
Additional remuneration disclosures continued
Schedules to the Annual Report