Ann: Appendix 3B, page-11

I'm suggesting that they chose the days when the share price was up around 36-38c to assess them and ran from there.
That suits their interests and in my experience "never argue against self-interest!"
For the Peer return the clause looks like it references general market returns and I did a back of envelope TSR calc for ASX 200 for the periods listed in the clauses to set a 50th TSR and the 75th has got to be lower than that (or is 75th percentile beating 75%? if so, I suspect they might have beaten that as measured on their best day)
These people are only in it for themselves. Hopefully now that they've locked-in these shares they'll start acting in the interests of all shareholders.