Sasol Limited Integrated Report 2021 - Book - Page 44
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Report of the Remuneration Committee (CONTINUED)
d. Progress against minimum shareholding requirement (MSR) (Prescribed Officers)
e. Non-Executive Directors’ remuneration
Vested shares subject to continued
employment only until 2022/2025
(excluding accrued dividend equivalents,
including RLTIs)
Prescribed
Officers
Minimum
Shareholding
MSR
Requirement Achievement
(MSR)
period (CY)
HC Brand
R4 270 000
Beneficial
shareholding –
30 June
2021
Beneficial
shareholding
value
Number
(including
of shares
Post tax
September
to vest –
vesting –
2021 post
% MSR 22 September
September
tax vesting) Achieved
2022
20211, 2
Number
of shares
to vest2023/2025
Total
number
Pre-tax
of vested
value of
shares
vested
subject shares subject
only to
only to
continued
continued
employment employment
2026 R4 593 749
R782 091
R5 375 840
126%
2 050
20 076
22 125
BV Griffith
$465 000
2026
–
$107 695
$107 695
23%
2 402
23 048
25 450
$416 355
BE Klingenberg
R5 943 147
2026
–
R1 770 542
R1 770 542
30%
2 723
28 512
31 235
R7 091 201
–
–
BP Mabelane
R5 075 000
2026
–
–
–
–
–
–
CK Mokoena
R4 188 219
2026
R787 340
R457 640
R1 244 980
30%
2 982
20 291
1.
R5 023 076
23 273 R5 283 658
Includes the 2nd tranche of the award made on 26 September 2016. The CPT applied to this award was 47% (EVP – Klingenberg) and 68,19% (SVP-Brand and Griffith).
2. Includes the 1st tranche of the award made on 3 September 2018. The CPT applied to this award is 44,7% (EVP – Klingenberg and Mokoena) and 66,8%
(SVP – Brand and Griffith).
Lead
Board Independent
Meeting
Director Committee
fees
Fees
Fees
Non-Executive Directors
SA Nkosi (Chairman)
MSV Gantsho (former Chairman)6
S Westwell (new Lead Independent Director)
MJN Njeke (former Lead Independent Director)7
C Beggs
MJ Cuambe
MBN Dube
M Flöel
K Harper
GMB Kennealy
NNA Matyumza
ZM Mkhize
MEK Nkeli
PJ Robertson
S Subramoney8
Total
1.
2.
3.
4.
5.
Ad Hoc or
special
purpose
Board
Committee
Total
2021
Total
2020
R’000
R’000
R’000
–
–
1 360
–
515
609
794
822
249
430
458
157
601
790
93
–
–
202
–
259
–
–
122
26
–
141
–
–
209
–
5 326
–
3 960
–
2 470
2 698
2 611
2 761
1 855
2 067
2 295
1 853
2 297
2 732
615
4 756
2 672
4 310
1 385
3 262
3 032
3 055
3 085
528
2 475
2 693
2 232
2 769
3 489
–
6 878
959
33 540
39 743
1, 2, 3, 4, 5
1, 3, 4, 5
1, 3, 4, 5
R’000
R’000
R’000
5 326
–
1 691
–
1 696
2 089
1 817
1 817
1 580
1 637
1 696
1 696
1 696
1 733
522
–
–
707
–
–
–
–
–
–
–
–
–
–
–
–
24 996
707
1, 3, 4, 5
Members of the Board agreed to a voluntary reduction on all fees for Q1 2021 of at least 20%.
Members of the Board agreed to a voluntary reduction of Board fees effective May 2020 of at least 20%.
No change to non-executive director fees for 2021.
Fees include VAT where applicable.
Board and Committee fees are based in US$, thus impacted by rand/US$ foreign exchange rates at date of payment for resident Non-Executive
Directors.
6. Dr Gantsho retired from the Board on 27 November 2019.
7. Mr Njeke retired from the Board on 27 November 2019.
8. Mr Subramoney joined the board on 1 March 2021.
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Sasol Integrated Report 2021