36 2022 ANNUAL REPORT 12. REMUNERATION REPORT (AUDITED) (cont.) 12.5.2 FY22 STI outcome (cont.) Based on the above outcomes the following provides further detail for FY22 STI awards. FY22 Executive KMP STI Award Outcomes Target STI Opportunity $ STI awarded % STI outcomes $ Number of Service Rights awarded in the year Mark Williams $412,500 50% $206,250 671,013 Jason Greive $250,000 50% $125,000 406,674 John Tasovac $200,000 50% $100,000 325,340 Total $862,500 50% $431,250 1,403,027 12.5.3FY22 LTI outcome Following the assessment of relevant performance hurdles over the 3 years ended 30 June 2022, 70% of Rights granted at the start of FY20 vested. The FY20 Rights was assessed as follows (noting back in FY20 different LTI hurdles and gateway were adopted for determining the vesting level). FY20 LTI Performance Hurdles and Outcomes KPI KPI Weighting Performance Outcomes Vesting Outcomes Relative TSR (against the S&P/ASX All Ordinaries Gold Index) 50% Stretch met 50% Growth in ore reserves excluding 50% of acquired ore reserves, 20% Stretch met 20% AISC (as a percentage of operating costs per ounce of AISC) 20% Below threshold 0% Safety compliance criteria (no fatalities, maintenance of the ISO14001 and ISO 18001 certifications, and year on year improvement in safety 10% Below threshold 0% Gateways: \ \ Positive TSR; and \ \ 80% of budget gold production Gateway Both gateways satisfied (TSR = +19.92% and gold production = 81.1%) 4 Total level of LTI vesting (FY20 awards): 70% In accordance with the terms of the Red 5 Rights Plan, 2,003,062 Rights (out of a total of 2,861,517 Rights issued in FY20) vested following the 70% vesting level as at the date of this Report. A balance of 858,455 Rights held by executive KMP were forfeited. The following table outlines the LTI awarded by executive. Executive KMP – FY20 LTI Awards Vesting Outcomes Executive KMP Maximum LTI Opportunity $ Number of LTI Rights granted LTI Rights vested % LTI Rights vested $ Number of Rights vested during FY22 Mark Williams $514,619 2,030,056 70% $358,711 1,421,039 Jason Greive (a) Not eligible Not eligible Not eligible Not eligible Not eligible John Tasovac $210,775 831,461 70% $146,919 582,023 Total $725,395 2,861,517 70% $505,630 2,003,062 (a) Jason Greive was appointed Chief Operating Officer on 30 November 2020, subsequent to the performance rights being issued in FY20. Details regarding FY22 LTI performance rights issued during the year are shown in Section 11.9. DIRECTORS’ Report (cont.) <+Index >10% >20% 15% 20% 35% 95% 90% 80% Threshold Target Stretch Threshold Target Stretch FY22 Actual
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