My take on it was that his $650k salary & super was the fixed...

My take on it was that his $650k salary & super was the fixed component (45%) of his total remuneration package. Don't forget the $100,000 worth of shares they threw in to sweeten the deal for him too. This is from the company announcement:

• Total fixed remuneration $650,000 per annum (including base salary and statutory superannuation)

• Commencement incentive of the issue of $100,000 of St Barbara fully paid ordinary shares (valued at the five day Volume Weighted Average Price prior to 1 July 2014) to be issued within 30 days of shareholder approval at the Annual General Meeting, scheduled to be held on 25 November 2014

• Participation in the Company’s Short Term Incentive (STI) Plan and the Long Term Incentive (LTI) Plan (as described in the 2013 Annual Report and Notice of 2013 Annual General Meeting). The mix of fixed and at risk remuneration for Mr Vassie is: fixed remuneration 45%, STI 22%, LTI 33%. The STI is shown at ‘target’ performance and the LTI is a fixed grant (the proportion of the grant that subsequently vests, if any, is subject to performance measurement under the relevant LTI Plan).