41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 156
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
REMUNERATION COMMITTEE continued
Vesting of the relative TAR element will be finalised following the publication of comparator results over the coming months,
with Unite currently estimated to rank below median, equating to 0% vesting under this element, and overall. No discretion
has been exercised in respect of the 2020 LTIP to-date; the Committee will confirm this position once final vesting of the
relative TAR element has been approved later in 2023.
Executive
Interests
held
Richard Smith
118,129
Joe Lister
96,256
Estimated
vesting %
Estimated
interests
vesting
Date
vesting
Assumed
market
price
Estimated
value...
...of which,
value due
to share
price
growth
£0
n/a
£0
n/a
Note 1
0
0.0%
0
After TAR
assessment
( June/July)
n/a
1. In each case, interests held includes 746 HMRC-approved options under the ESOS.
Percentage change in remuneration of Directors and employees
This table is voluntarily produced in accordance with the Companies (Directors’ Remuneration Policy and Directors’
Remuneration Report) Regulations 2019 and shows the change in remuneration of Unite Directors and employees over time.
Executive Director remuneration includes base salary, taxable benefits and annual bonus (where eligible). Non-Executive
Director remuneration includes base fee and any additional fees paid, and taxable benefits. In 2022, we have transitioned to
presenting pay for all employees using the increase in the earnings of employees on a full-time equivalent basis. Previously
the analysis excluded part-time employees. Growth rates are based on a consistent set of employees, i.e. the same
individuals appear in the 2022 and 2021 populations for the 2022 analysis and so on.
Director 1
Taxable benefits 2
Basic salary/total fee
Annual bonus 3
Note 1
2021–22
2020–21
2019–20
2021–22
2020–21
2019–20
2021–22
2020–21
2019–20
R Smith
10.6%
11.1%
(6.9)%
(6.5)%
6.4%
0.0%
(45.7)%
n/m
(100.0)%
7.0%
11.1%
(6.9)%
(2.4)%
(1.3)%
3.4%
(47.5)%
n/m
(100.0)%
J Lister
28.0%
266.3%
n/a
(100.0)%
n/m
n/a
n/a
n/a
n/a
E McMeikan
3.0%
11.1%
(7.3)%
589.6%
(70.5)%
(60.2)%
n/a
n/a
n/a
R Paterson
3.0%
11.1%
(7.3)% 1,190.0%
(71.1)%
100.0%
n/a
n/a
n/a
I Beato
3.0%
11.1%
(7.3)% 1,400.0%
n/m
(100.0)%
n/a
n/a
n/a
S Pearce
6.6%
29.7%
(7.3)% 1,400.0%
(71.1)%
100.0%
n/a
n/a
n/a
R Huntingford
T Jackson
S Smith
N Dulieu
All employees
n/a
n/a
n/a
(100.0)%
n/m
n/a
n/a
n/a
n/a
3.0%
17.0%
n/a
2.0%
n/m
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
3.6%
2.9%
4.4%
3.2%
2.3%
2.3%
(52.8)%
285.0%
(67.8)%
1. Changes in Directors and responsibilities during the 2021 and 2022 financial years which are relevant to the calculations above are as follows:
− Richard Huntingford joined the Board as Chair Designate on 1 December 2020 and assumed the role of Chair on 1 April 2021.
− Dame Shirley Pearce became Chair of the new Sustainability Committee from 12 March 2021.
− Nicky Dulieu joined the Board with effect from 1 September 2022.
2. For Executive Directors, taxable benefits consist primarily of company car or car allowance and private health care insurance. For Non-Executive Directors,
taxable benefits relate primarily to certain travel expenses and accommodation which, given the relatively small numbers involved, can produce sizeable %
changes from year to year.
3. The figures shown are reflective of any bonus earned during the respective financial year. Non-Executive Directors are not eligible to participate in the annual
bonus scheme.
