Experian 2010 Annual Report Download - page 82
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Experian Annual Report 2010 Governance80
Report on directors’ remuneration (continued)
Performance share plans
Details of awards made to directors under the Experian PSP and GUS PSP are set out in the table below.
Date of
award
Plan
shares
held at
1 April
2009(1)
Plan
shares
awarded
during the
year
Plan
shares
vested
during the
year(4)
Plan
shares
lapsed
during the
year
Experian
share
price on
date of
award
Tot a l
plan
shares at
31 March
2010
Normal
vesting
date
Chairman
John Peace (2) 02.06.06 46,574 –35,396 11,178 560.0p –
Executive directors
Don Robert 02.06.06 133,184 –101,219 31,965 560.0p
11.10.0 6 246,698 – – 47,614 560.0p 11.10.11
18.06.09 –552,453 – – 464.0p 18.0 6.12
751,537
Paul Brooks 02.06.06 27,440 –20,854 6,586 560.0p
11.10.0 6 132,837 – – 25,639 560.0p 11.10.11
18.06.09 –198,275 – – 464.0p 18.06.12
305,473
Chris Callero 02.06.06 38,419 –29,198 9,221 560.0p
11.10.0 6 142,325 – – 27,470 560.0p 11.10.11
18.06.09 –236,765 – – 464.0p 18.06.12
351,620
Non-executive directors
David Tyler (3) 02.06.06 104,585 –79,484 25,101 560.0p –
Notes:
1. On demerger, GUS PSP awards made in 2006 were replaced with equivalent awards over Experian shares.
2. John Peace ceased to be an employee of the Group on 31 March 2007. Under the rules of the GUS PSP all outstanding awards were time pro-rated to 31
March 2007 and the pro-rated gures are shown in the table above.
3. David Tyler’s awards were rolled over on the basis described in note 3 to the share option table.
4. Awards made in June 2006 were subject to the performance condition described in the section titled ‘Outcome of performance testing determined in
2009/10’. The outcome of this performance condition was such that 76% of the shares awarded in June 2006 vested on 12 June 2009 when the Experian share
price was 472.5p. Dividend equivalents were paid to Paul Brooks, Chris Callero, John Peace, Don Robert and David Tyler on their vested shares. They
received £7,221, US$18,259, £12,227, US$63,298 and £27,521 respectively.
5. Awards made in October 2006 were subject to the performance conditions described in the section titled ‘Outcome of performance testing determined in
2009/10’. The outcome of this performance condition was such that 80.7% of the shares awarded in October 2006 will vest on 11 October 2011.
6. The performance period in respect of the awards made in June 2009 runs from 1 April 2009 to 31 March 2012 and the performance conditions attached to this
award are detailed in the section titled ‘Experian performance share plan’.
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