This is from the 2023 Annual Report (page 20): hope it is helpful, though why the shares were issued on 20 June 2024 isn't explained:
Key terms of new Chief Executive Officer employment agreement:• Effective: 17 July 2023.• Fixed Annual Remuneration (FAR): $830,000 per annum (including superannuation).• Short term incentives (STI): possible STI in a range from 0% up to 50% (target) to 100% (maximum) of FAR based onachievement of agreed key performance indicators and relevant targets determined by the board.• Long term incentive (LTI): possible LTI in a range from 0% to 50% (target) to 100% (maximum) of FAR based on achievementof relevant key performance indicators and targets determined by the board over defined periods.• Sign-on benefits: to be provided as one-off sign on payments in lieu of STIs and LTIs being forgone and subject to service orvesting requirements:a. $434,000 cash payment over the initial 12 months of service;b. A number of zero priced options equal to the value of $437,500 to be determined by a VWAP calculation method vesting in October 2023 and October 2024; andc. A number of zero priced options equal to the value of $699,000 to be determined by a VWAP calculation method
vesting in October 2026.• Ancillary items: The employment agreement provides for usual ancillary items in addition to remuneration, being phone, laptopand car allowance ($20,000).• Termination: Other than for serious misconduct, either party may terminate the employment agreement by giving 6 months’notice
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This is from the 2023 Annual Report (page 20): hope it is...
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