Barclays 2014 Annual Report Download - page 102

100 I Barclays PLC Annual Report 2014 barclays.com/annualreport
Governance: Remuneration report
Outstanding share plan and long-term incentive plan awards (audited)
Plan
Number of Shares under
Award at 1st January
2014 (maximum)
Number of Shares
awarded in year
(maximum)
Market Price
on award date
Number of Shares
released
Market Price
on release date
Antony Jenkins
Barclays LTIP 2012-2014 1,139,217 – £1.81 – –
Barclays LTIP 2012-2014 1,371,280 – £1.86 – –
Barclays LTIP 2013-2015 1,545,995 – £3.06 – –
Barclays LTIP 2014-2016 – 1,891,740 £2.31 – –
Share Value Plan 2011 154,463 – £2.88 154,463 £2.31
Share Value Plan 2012 664,754 – £2.53 332,377 £2.31
Share Value Plan 2012 2,159,941 – £1.86 1,079,971 £2.31
Tushar Morzaria
Barclays LTIP 2014-2016 – 1,375,811 £2.31 – –
Share Value Plan 2013 1,089,495 – £2.51 355,618 £2.31
Share Value Plan 2014 – 309,557 £2.31 – –
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. Antony Jenkins received 73,415 dividend shares and Tushar Morzaria received 4,824
dividend shares from Share Value Plan (SVP) awards released in 2014.
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 (CCP) awards and Cash Value Plan (CVP) awards (audited)
Plan
Value under Award at
1st January 2014
(maximum)
Value paid in year
£000
Value under Award at
31st December 2014
(maximum)
First scheduled
release date
Last scheduled
release date
Antony Jenkins
Contingent Capital Plan 2011 450 450 – – –
Cash Value Plan 2012 1,500 750 750 18/03/2013 16/03/2015
Executive Directors did not pay for CCP awards or CVP awards.
Deferred cash bonuses granted under CCP in 2011 and CVP in 2012 are dependent on future service and malus conditions. The vesting of the CCP
awards are subject to the condition that the CET1 ratio was equal to or exceeded 7%, which was achieved. In addition to the ‘Value paid in year’
shown in the table above, a coupon of 7% was paid on the CCP amount paid in 2014.
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
original 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.
Additional remuneration disclosures