Experian 2016 Annual Report Download - page 97

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The interests of the directors (and their connected persons) in the Company’s ordinary shares are shown below and there have been
no changes between 31 March 2016 and the date of this Report:
Shares held in
Experian plc at
31 March 2016
Shareholding guidelines Share awards subject to
performance conditions
PSP awards
not subject to
performance4
Guideline
(% of
salary/fee)
Shareholding
(% of salary)1
Guideline met? CIP matching
awards2
PSP awards3
Brian Cassin5164,432 300% 227% No 291,628 305,161 31,422
Lloyd Pitchford568,726 200% 154% No 86,820 280,106 –
Kerry Williams6230,303 200% 434% Yes 257,83 4 255,540 –
Don Robert61,414,042 100% 2,934% Yes 431,214 76,828 –
Roger Davis 60,000 100% 532% Yes – – –
Deirdre Mahlan 15,000 100% 127% Yes –––
George Rose 20,000 100% 137% Yes –––
Judith Sprieser 14,402 100% 159% Yes –––
Paul Walker 15,000 100% 165% Yes –––
Luiz Fleury 8,650 100% 95% No –––
1 Shareholding guidelines have been calculated using the closing share price on 31 March 2016 which was £12.45 and exchange rates at 31 March 2016 of
£1:US$1.4368 and £1:€1.2606.
2 Matching shares granted to Brian Cassin and Lloyd Pitchford are in the form of nil-cost options, which are unvested at 31 March 2016. Those granted to
Kerry Williams are conditional share awards.
3 Except for 13,705 shares awarded to Lloyd Pitchford on 17 November 2014 to replace outstanding awards from his previous employer, awards under the PSP
are subject to Benchmark PBT and relative TSR performance conditions measured over the three financial years commencing at the start of the financial
year of grant, and are also subject to a financial performance underpin. The shares awarded to Lloyd Pitchford in November 2014 will vest subject to
satisfactory financial and business performance and the achievement of his individual performance objectives.
4 On 18 May 2012 Brian Cassin was granted a recruitment award as a replacement for outstanding awards received from his previous employer. The
final 31,422 shares comprising the award are due to vest on 25 January 2017. These are not subject to performance conditions and vest subject only to
continued employment.
5 The number of Experian shares held by Brian Cassin at 31 March 2016 includes 77,281 invested shares in the CIP and for Lloyd Pitchford includes 23,007
invested shares in the CIP.
6 The number of Experian shares held by Kerry Williams at 31 March 2016 includes 128,917 shares, and for Don Robert includes 215,607 shares, awarded
to them under the Experian North America Co-investment Plan as a result of their annual bonus deferral elections, in addition to their personal beneficial
shareholding. Kerry Williams and Don Robert have an unconditional right to receive these Experian shares at the end of the relevant three-year deferral
period. These shares do not carry dividend or voting rights prior to receipt.
95
Governance •Report on directors’ remuneration