Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 46
1
2
3
4
SASOL LIMITED GROUP
Report of the Remuneration Committee continued
b. Unvested LTI holdings (number)
Effect of
corporate
Granted performance
targets
in 20202
Cumulative
balance at
beginning
of year
Prescribed Officers
HC Brand
BV Griffith
JR Harris
BE Klingenberg
BP Mabelane1
CK Mokoena
M Radebe
Total
Dividend
equivalents
Long-term
incentives
settled
Effect of
change in
Prescribed
Officers
Cumulative
balance at
the end of
the year
74 002
63 515
74 267
93 213
–
58 662
65 447
51 781
60 532
–
72 072
88 393
50 790
–
(3 222)
(3 776)
(12 872)
(15 501)
–
(5 874)
(10 158)
626
655
616
1 138
–
2 113
776
(5 117)
(5 498)
(2 876)
(10 243)
–
(6 668)
(7 390)
–
–
(59 135)
–
–
–
(48 675)
118 070
115 428
–
140 679
88 393
99 023
–
429 106
323 568
(51 403)
5 924
(37 792)
(107 810)
561 593
1. On-appointment award on 6 October 2020.
2. Apart from the on-appointment award to Ms Mabelane, the numbers refer to the annual LTI award made on 4 December 2020.
c. Unvested LTI holdings (Intrinsic value)
Prescribed Officers
Cumulative
intrinsic
value at
beginning
of year3
’000
Intrinsic
value of
awards
made
during
the year2
’000
Change in
intrinsic
value for
the year4
’000
R9 783
$490
$573
R12 323
–
R7 755
R8 652
R6 939
$541
–
R9 658
R11 845
R6 806
–
R10 099
$816
$492
R12 373
R7 426
R8 482
R4 453
HC Brand
BV Griffith
JR Harris1
BE Klingenberg
BP Mabelane1
CK Mokoena
M Radebe1
Effect of
corporate
perforDividend
mance
targets equivalents
’000
’000
(R544)
($42)
($144)
(R2 617)
–
(R992)
(R1 715)
R106
$7
$7
R192
–
R357
R131
LTIs
settled5
’000
(R643)
($42)
($21)
(R1 260)
–
(R820)
(R909)
Effect of
change in
Prescribed
Officers
’000
–
–
($907)
–
–
–
(10 612)
Cumulative
intrinsic
value
at end
of year3
’000
R25 740
$1 770
$0
R30 669
R19 271
R21 588
R0
1. M Radebe and JR Harris left Sasol’s employment on 30 September 2020 and 17 January 2021 respectively. P Mabelane was appointed to the GEC on
1 September 2020.
2. LTIs granted on 4 December 2020, in respect of the annual LTI award; or on-appointment award to Ms Mabelane on 6 October 2020.
3. Intrinsic values at the beginning and end of the year have been determined using the closing price of:
30 June 2021 R218,01 ($15,33)
30 June 2020 R132,20 ($7,71)
4. Change in intrinsic value for the year results from changes in share price.
5. Long-term incentives settled represent long-term incentives that vested with reference to the group results for 2020 that was settled in the 2021
financial year. Difference between the long-term incentive gains disclosed in 2020 and the amount settled in 2021 is due to difference in actual share
price at vesting date and the share price at date of disclosure.
d. Share appreciation right (SAR) holdings – outstanding (vested)1
Balance at
beginning
of year
(number)
Prescribed Officers
Effect of
SARs
expired
(number)
Balance at
end of year
(number)
HC Brand
BV Griffith
BE Klingenberg
16 724
21 988
83 442
(4 711)
–
(52 245)
12 013
21 988
31 197
Total
122 154
(56 956)
65 198
1. Plan closed since 2015.
44
Sasol Annual Financial Statements 2021