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TNG CONSIDERED COMMENTS, page-70

  1. 903 Posts.
    lightbulb Created with Sketch. 241

    It's possible I confused what happened

    There were two tables circulated for NED and KMP rights because they revised % splits and targets, not sure if the one you presented is the latest one but couldn't match the 4.2m and 20.3m performance rights granted below (from annual report)

    https://hotcopper.com.au/data/attachments/3819/3819703-50b35f81b14d324b34bf57fb8deff4b0.jpg

    Guessing share based payments is just the value of the rights in this case

    https://hotcopper.com.au/data/attachments/3819/3819719-4ec050a85d8c6373c5977d03a2942d86.jpg


    note also the $26k kickback for buying shares during the previous SPP, in lieu of fees reduction for reduced workload during Covid.
    >> At the same time PB gets $103k for leave not taken which is additional to the $709k

    https://hotcopper.com.au/data/attachments/3819/3819775-51708e9d5197f87852dd2e98d1056f79.jpg

    So reduced the workload (i.e. taken time off), taken payment in SPP shares instead of an actual pay cut for not working, then charged full rate for holidays not taken

    Yet another way to milk it

 
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