Directors’ Report
Post employment benefits
Long term benefits
Other benefits Share based payments
Short term benefits
Total
Other benefits and allowances
Long Service Leave
Performance / Restricted Rights 10,11
STVR Cash 8
Salary and Fees
Super- annuation
Termination Payment 9
Performance based
$
$
$
$
$
$
$
%
$
Former Executives S Swanson 3 2023
720,256 188,993 21,377
25,612 15,933
— 39,893 22.62% 1,012,064
G Kerr 5 2023 D Lowe 5 2023
429,611
81,818 14,998 25,373 1,808
— 76,747 25.15% 630,355
365,121
60,333 12,293
25,373 17,710
— 23,088 16.55% 503,918
J McLaughlin 2 2023
265,077
—
— 20,428 (5,530)
262,281
(53,371) (10.92)% 488,885
1 Ceased as General Manager, Licensee Services on 27 November 2021. 2 Ceased as KMP on 1 August 2022 and employment on 31 March 2023. 3 Ceased as Managing Director and KMP on 30 June 2023 (employment was ceased subsequent to that date during the year). During FY24, Mr Swanson received salary and other benefits (including superannuation) of $108,065 and termination payment of $905,657. 4 Appointed as Managing Director effective from 1 July 2023. 5 Ceased to hold a KMP role on 30 June 2023 (employment was ceased subsequent to that date during the year). During FY24, Mr Kerr received salary and other benefits (including superannuation) of $186,234 and termination payment of $435,394. Ms Lowe received salary and other benefits (including superannuation) of $116,046 and termination payment of $390,927. 6 Appointed as Group Executive, Operations effective from 1 July 2023. 7 Appointed as Group Executive, Product and Pricing effective from 1 July 2023. 8 Cash amount of the STVR payable in relation to FY24 and FY23 financial year and accrued as at 30 June 2024 and 2023 respectively. Amount to be paid, will be based on actual fixed remunerations for the year, on approval of the results of the relevant financial year. 9 Payment in lieu of notice, which incorporates statutory notice and severance entitlements. 10 Restricted Rights granted under the CWL Rights Plan covering the LTVR as well as the deferred component of the STVR respectively. Restricted Rights can be settled in cash or equity based on the terms of each award. 11 Reflects the accruals or reversal for all previously granted Restricted Rights that remain unvested following cessation of employment up to the end of each performance period or due to forfeiture. For the unvested LTVR awards, the accrual expense could represent brought forward expenses of awards granted in prior years including those amounts which would otherwise have been included in future years. For forfeited rights that are not vested, accrual from prior years are reversed in the event of an executive KMP departure or failure to meet non-market based conditions.
68
ClearView Annual Report 2024
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