Marks and Spencer 2009 Annual Report Download - page 74

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70 Marks and Spencer Group plc Annual report and financial statements 2009 Directors’ report
Directors’ long-term incentive schemes
Share Schemes
Shares Shares Shares Maximum shares Market value Market value
Maximum shares awarded vested lapsed receivable at on date of on date of
receivable at during during during 28 March 2009 award vesting Date of
Date of award 30 March 2008 the year the year the year or date of leaving (p) (p) vesting
Chairman
Sir Stuart Rose
Performance Share Plan125/07/05 473,868 – 473,868 – – 358.75 259.75 25/07/08
19/07/06 663,755 – – – 663,755 572.5 – 19/07/09
05/06/07 594,395 – – – 594,395 706.6 – 05/06/10
09/06/08 – 1,184,486 – – 1,184,486 381.6 – 09/06/11
Deferred Share Bonus Plan205/06/06 35,125 – – – 35,125 550.0 – 05/06/09
05/06/07 222,898 – – – 222,898 706.6 – 05/06/10
Total 1,990,041 1,184,486 473,868 – 2,700,659
Executive directors
Kate Bostock
Performance Share Plan125/07/05 117,073 – 117,073 – – 358.75 259.75 25/07/08
19/07/06 157,205 – – – 157,205 572.5 – 19/07/09
05/06/07 169,827 – – – 169,827 706.6 – 05/06/10
09/06/08 – 262,054 – – 262,054 381.6 – 09/06/11
Deferred Share Bonus Plan205/06/06 25,404 – – – 25,404 550.0 – 05/06/09
05/06/07 28,985 – – – 28,985 706.6 – 05/06/10
Total 498,494 262,054 117,073 – 643,475
Ian Dyson
Performance Share Plan125/07/05 234,146 – 234,146 – – 358.75 259.75 25/07/08
19/07/06 331,878 – – – 331,878 572.5 – 19/07/09
05/06/07 297,197 – – – 297,197 706.6 – 05/06/10
09/06/08 – 530,660 – – 530,660 381.6 – 09/06/11
Deferred Share Bonus Plan205/06/06 48,579 – – – 48,579 550.0 – 05/06/09
05/06/07 111,449 – – – 111,449 706.6 – 05/06/10
Total 1,023,249 530,660 234,146 – 1,319,763
Steven Sharp
Performance Share Plan125/07/05 234,146 – 234,146 – – 358.75 259.75 25/07/08
19/07/06 331,878 – – – 331,878 572.5 – 19/07/09
05/06/07 297,197 – – – 297,197 706.6 – 05/06/10
09/06/08 – 592,243 – – 592,243 381.6 – 09/06/11
Deferred Share Bonus Plan205/06/06 64,772 – – – 64,772 550.0 – 05/06/09
05/06/07 111,449 – – – 111,449 706.6 – 05/06/10
Total 1,039,442 592,243 234,146 – 1,397,539
Directors retiring from the Board during the year
Steven Esom
Performance Share Plan1 4 05/06/07 141,522 – – 141,522 – 706.6 – –
Deferred Share Bonus Plan209/06/08 – 65,513 – – 65,513 381.6 – –
Restricted Share Plan3 4 05/06/07 70,761 – – 70,761 – 706.6 – –
Total 212,283 65,513 – 212,283 65,513
1 The number of performance shares is the maximum (100%) of the award that could be receivable by the executive director if the EPS performance conditions are fully met as
outlined on page 66. The award made in 2006 will lapse on 19 July 2009 as it has not met the minimum EPS target of RPI +5%.
2 Full details of the Deferred Share Bonus Plan are set out on page 97.
3 Steven Esom was awarded shares under the Restricted Share Plan before he was appointed an executive director. Full details of the Restricted Share Plan are set out on
page 97.
4 Steven Esom’s performance and restricted share awards lapsed in full on leaving.
Remuneration report
continued