Experian 2011 Annual Report Download - page 89

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87
Governance Report on directors’ remuneration
Performance Share Plan
Details of awards made to directors under the PSP are set out in the table below.
Date of
award
Plan
shares
held at
1 April
2010
Plan
shares
awarded
during the
year
Plan
shares
vested
during the
year
Plan
shares
lapsed
during the
year
Experian
share
price on
date of
award
Total
plan
shares at
31 March
2011
Normal
vesting
date
Don Robert 11.10.06 199,084 – – – 560.0p 11.10.11
18.06.09 552,453 – – – 464.0p 18.06.12
03.06.10 – 317,316 – – 636.0p 03.06.13
1,068,853
Paul Brooks 11.10.06 107,198 – – – 560.0p 11.10.11
18.06.09 198,275 – – – 464.0p 18.06.12
03.06.10 – 151,515 – – 636.0p 03.06.13
456,988
Chris Callero 11.10.06 114,855 – – – 560.0p 11.10.11
18.06.09 236,765 – – – 464.0p 18.06.12
03.06.10 – 203,519 – – 636.0p 03.06.13
555,139
Notes:
1 Awards made in October 2006 were subject to performance conditions with a performance period which ended in October 2009. As detailed in last year's report, the outcome of these
performance conditions was such that 80.7% of these awards will vest on 11 October 2011. This outcome is reflected in the number of shares shown in the table above.
2 The awards granted in June 2009 are subject to performance conditions measured over the three years ending on 31 March 2012. 75% of an award will vest subject to the achievement
of a growth in PBT target: 25% of this part of an award will vest if growth in PBT is at least 4% p.a. on average. Vesting increases on a straight-line basis such that this part of the
award will vest in full if growth in PBT is at least 8% p.a. on average. 25% of an award will vest subject to the achievement of a TSR target: 25% of this part of an award will vest if the
TSR of Experian is at least equal to that of the FTSE 100 Index. Vesting increases on a straight-line basis such that this part of the award will vest in full if Experian's TSR exceeds that
of the FTSE 100 Index by at least 25%. Vesting of these awards is also subject to satisfactory ROCE performance.
3 The performance period in respect of the awards made in June 2010 is 1 April 2010 to 31 March 2013 and the performance conditions attached to this award are detailed in the section
entitled ‘PSP awards made in the year ended 31 March 2011’.
Executive directors’ pension arrangements
Don Robert is provided with benefits through a Supplementary Executive Retirement Plan (‘SERP’) which is a defined benefit arrangement
in the US. The figures in the table overleaf are in respect of his SERP entitlement. He is also entitled to participate in the US defined
contribution arrangement (401k Plan). The employer contributions to this arrangement during the year were nil (2010: nil).
Paul Brooks is a member of the registered Experian UK pension scheme. His benefits are restricted by an earnings cap. However, benefits in
excess of this cap are provided for through the Experian Limited SURBS. The pension figures in the table overleaf reflect both his registered
and non-registered entitlement.
Chris Callero is a participant in the US defined contribution arrangement (401k Plan) and during the year the employer contributions to this
arrangement were US$ 6,882 (2010: nil).
80