41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 159
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
157
OTHER INFORMATION
Review of past performance
The following graph charts the TSR of the Company and the FTSE350 Real Estate Supersector Index over the ten-year period
from 1 January 2013 to 31 December 2022. Whilst there is no comparator index or group of companies that truly reflects
the activities of the Group, the FTSE350 Real Estate Index (the constituent members of which are all property holding and/
or development companies or real estate investment trusts within the UK), was chosen as it reflects trends within the UK
property market generally and tends to be the index against which analysts judge the performance of the Company. The
table below details the Chief Executive’s single figure of remuneration over the same period.
£600
£500
£400
£300
£200
£100
£0
Dec 12
Dec 13
Dec 14
Dec 15
Dec 16
Unite
2013
M Allan
2014
M Allan
Dec 17
Dec 18
Dec 19
Dec 20
Dec 21
Dec 22
FTSE 350 Real Estate Supersector Index
2015
2016
2017
2018
2019
2020
2021
2022
M Allan
M Allan
R Smith
R Smith
R Smith
R Smith
R Smith
R Smith
R Smith
Note 1
Note 2
Note 3
CEO single figure
of remuneration
(£000)
£1,944
£2,987
£2,382
£223
£1,239
£1,456
£2,131
£2,336
£934
£1,428
£866
Annual bonus
outcome
(% of maximum)
84.0%
89.4%
88.2%
n/a
43.4%
63.6%
74.3%
80.9%
n/a
73.3%
36.0%
LTIP outcome
(% of maximum)
83.1%
95.2%
100.0%
n/a
100.0%
96.1%
81.9%
97.1%
33.33%
36.8%
0.0%
1. 2020 annual bonus scheme was cancelled for Executive Directors in April 2020.
2. 2021 CEO single figure of remuneration has been trued-up from last year’s report to reflect the final vesting outcome and market price on the date of vesting for
2019 LTIP awards.
3. 2022 CEO single figure and LTIP outcome are based on an estimate of the vesting of the TAR element, see pages 153–154 for further details.
