41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 138
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
REMUNERATION COMMITTEE continued
2022 Remuneration at a glance
2022 Single total figure of remuneration for current Executive Directors
Salary
(£)
Taxable
benefits
(£)
Pension
(£)
Annual
bonus
(£)
LTIP
(£)
Other
(£)
Total
(£)
Richard Smith
522,500
16,123
59,550
263,340
0
4,498
866,011
Joe Lister
411,250
16,854
46,918
207,270
0
0
682,292
Threshold
On-target
Maximum
Measure
Weight
30% of max
50% of max
100% of max
Actual
Outcome
(% of max)
Adjusted EPS
25.0%
40.5p
42.5p
44.5p
40.9p
34%
TAR per share
25.0%
75.2p
83.6p
96.1p
71.2p
0%
Loan to Value
20.0%
35.0%
34.1%
32.0%
31.0%
100%
7.5%
36
37
38
38
100%
2022 Annual bonus outcomes
Customer satisfaction
University reputation
7.5%
21
22
23
7
0%
GRESB rating
7.5%
85
86
88
84
0%
Employee engagement
7.5%
73
75
77
65
0%
Max opportunity
(% of salary)
Overall outcome
(% of maximum)
Overall outcome
(% of salary)
Overall outcome
(£)
Richard Smith
140.0%
36.0%
50.4%
263,340
Joe Lister
140.0%
36.0%
50.4%
207,270
Executive
2020–2022 LTIP outcomes
Measure
Weight
Threshold
Stretch
25% vest
100% vest
Actual
Vesting
(% of max)
2022 Adjusted EPS
1/3
51.1p
58.7p
40.9p
0.0%
Relative TSR performance
1/3
Median
-17.4%
Upper quartile
-2.7%
Just below median
-19.8%
0.0%
Relative TAR performance
1/3
Median
Upper quartile
Current estimate*:
Just below median
0.0%
Executive
Richard Smith
Joe Lister
Estimated*
overall vesting
(% of maximum)
0.0%
Estimated*
interests
vesting
0
0
Date vesting*
23 April 2023 (holding period
applies until 23 April 2025)
Estimated*
value (incl.
dividends)
£0
£0
* Vesting of the relative TAR element will be finalised following the publication of March year-end comparator results over the coming months, with Unite’s TAR
currently estimated to rank just below median (based on performance after two full financial years). Details of the final vesting outcome will be provided in next
year’s report.
