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Name | Symbol | Market | Type |
---|---|---|---|
Lloyds Banking Group Plc | NYSE:LYG | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.01 | 0.39% | 2.57 | 2.59 | 2.56 | 2.56 | 1,383,659 | 14:57:32 |
Name
|
Number of
Shares
awarded
(1)(2)
|
António
Horta-Osório
|
956,416
|
George
Culmer
|
449,581
|
Juan
Colombás
|
452,212
|
Andrew
Bester
|
370,286
|
Karin
Cook
|
300,497
|
Simon
Davies
|
291,676
|
Antonio
Lorenzo
|
428,277
|
Vim
Maru
|
354,731
|
Zak
Mian
|
239,786
|
David
Oldfield
|
467,659
|
Matt
Young
|
168,706
|
1
|
Based
on an assumed share price of 67.47 pence. The actual number of
shares awarded will be determined by the average of the closing
share price of the five trading days prior to the date of
award.
|
2
|
The
number of shares shown is the net amount, after deductions for
estimated income tax and NIC.
|
Name
|
2013
|
2014
|
2015
|
António
Horta-Osório
|
1,085,156
|
-
|
-
|
George
Culmer
|
-
|
328,887
|
-
|
Juan
Colombás
|
-
|
310,249
|
-
|
Andrew
Bester
|
106,612
|
66,307
|
50,505
|
Karin
Cook
|
34,718
|
29,837
|
35,654
|
Antonio
Lorenzo
|
94,068
|
57,329
|
87,242
|
Vim
Maru
|
47,854
|
57,024
|
52,977
|
Zak
Mian
|
19,397
|
14,419
|
11,376
|
David
Oldfield
|
39,712
|
36,727
|
46,238
|
Matt
Young
|
86,938
|
47,843
|
65,094
|
António
Horta-Osório
|
£1,220,000
|
(1
January 2017)
|
George
Culmer
|
£764,070
|
(1
April 2017)
|
Juan
Colombás
|
£753,458
|
(1
January 2017)
|
Name
|
Quarterly
share
awarded
(1)
|
António
Horta-Osório
|
176,745
|
George
Culmer
|
98,977
|
Juan
Colombás
|
97,602
|
Andrew
Bester
|
96,227
|
Karin
Cook
|
79,731
|
Simon
Davies
|
96,227
|
Antonio
Lorenzo
|
98,152
|
Vim
Maru
|
79,731
|
Zak
Mian
|
79,731
|
David
Oldfield
|
89,354
|
Matt
Young
|
68,734
|
1
|
Based
on a share price of 67.47 pence. The actual number of shares
awarded will be determined by the share price on the date of
award.
|
|
Threshold
|
Maximum
|
Actual
performance
|
Weighted
payout
|
Economic
profit(30% of award)
|
£2,154m
|
£3,231m
|
£3,377m
|
30%
|
Absolute
total shareholder return (30% of award)
|
8% per
annum
|
16% per
annum
|
(5%)
|
0%
|
Cost:income
Ratio
(10% of
award)
1
|
48.9%
|
46.5%
|
50.5%
|
0%
|
Customer
satisfaction(10% of award)
2
|
0.54
|
0.50
|
0.46
|
10%
|
Net
promotor score(10% of award)
|
3
rd
place
|
1
st
place
|
1
st
place
|
10%
|
SME
lending
(5% of
award)
|
14%
|
18%
|
13.4%
|
0%
|
Share
of first-time buyer market (5% of award)
|
20%
|
25%
|
25.5%
|
5%
|
1
|
Adjusted
total costs.
|
2
|
FCA
reportable complaints per 1,000 for the period up to and including
H1 2016 and formally closed FCA complaints per 1,000 accounts for
the period from H2 2016. Both exclude PPI complaints, any
complaints received via Claims Management Companies (CMC) and any
complaints relating to TSB activity. With the introduction of
the FCA guidance contained in PS15/19 applicable from 1 July 2016,
the complaint classification and reporting for the original metric
ceased on 30 June 2016. Accordingly, the Remuneration
Committee has rebased the original 2014 metrics in line with the
new FCA reporting regime. The Remuneration Committee
considers the rebased targets equally stretching.
|
Name
|
Shares
|
António
Horta-Osório
|
1,439,800
|
George
Culmer
|
778,907
|
Juan
Colombás
|
693,444
|
Andrew
Bester
|
757,272
|
Karin
Cook
|
104,246
|
Antonio
Lorenzo
|
709,671
|
Vim
Maru
|
208,986
|
Zak
Mian
|
118,015
|
David
Oldfield
|
186,858
|
Matt
Young
|
540,908
|
Name
|
Maximum
number of
shares
awarded
(1)(2)
|
|
Expected
value
(4)
|
António
Horta-Osório
|
5,424,633
(3)
|
|
£1,830,000
|
George
Culmer
|
3,053,196
|
|
£1,029,996
|
Juan
Colombás
|
3,010,791
|
|
£1,015,691
|
Andrew
Bester
|
2,968,385
|
|
£1,001,385
|
Karin
Cook
|
2,411,293
|
|
£813,450
|
Simon
Davies
|
2,853,119
|
|
£962,500
|
Antonio
Lorenzo
|
3,238,239
|
|
£1,092,420
|
Vim
Maru
|
2,411,293
|
|
£813,450
|
Zak
Mian
|
1,590,336
|
|
£536,500
|
David
Oldfield
|
2,947,976
|
|
£994,500
|
Matt
Young
|
1,927,523
|
|
£650,250
|
1
|
Based
on a share price of 67.47 pence. The actual number of shares
awarded will be determined by the average of the closing share
price of the five trading days prior to the date of
award.
|
2
|
Vesting
determined in 2020 subject to the satisfaction of stretching
performance targets over the performance period ending 31 December
2019.
|
3
|
Based
on Mr Horta-Osório's 'Reference Salary' of £1,220,000 as
at 31 December 2016.
|
4
|
The
values for the LTIP awards are shown at an expected value of
50 per cent of maximum value and before deduction of income
tax and NIC. The actual vesting value will depend on the
achievement of performance conditions and the share price at the
date of vesting. These awards are subject to clawback for at least
seven years from the date of award.
|
Name
|
Shareholding at
31 December
2016
(1)
|
Indicative
Shareholding
at 31 March
2017
(2)
|
António
Horta-Osório
|
17,891,894
|
20,593,595
|
George
Culmer
|
10,545,483
|
11,587,810
|
Juan
Colombás
|
6,361,547
|
7,307,717
|
Andrew
Bester
|
2,881,725
|
3,846,936
|
Karin
Cook
|
1,308,833
|
1,542,913
|
Simon
Davies
|
432,890
|
529,117
|
Antonio
Lorenzo
|
7,187,759
|
8,114,902
|
Vim
Maru
|
3,122,442
|
3,490,088
|
Zak
Mian
|
812,172
|
1,042,213
|
David
Oldfield
|
1,929,449
|
2,266,998
|
Matt
Young
|
2,347,610
|
3,057,190
|
1
|
Includes
shares owned outright reduced by forfeitable Matching Shares under
the Share Incentive Plan, plus the estimated net number of vested
unexercised options.
|
2
|
Includes
vested 2014 LTIP, Deferred Bonus releases and Fixed Share
Awards.
|
|
Executive
|
|||||||
|
8
|
7
|
6
|
5
|
4
|
3
|
2
|
1
|
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
£000
|
Fixed
|
|
|
|
|
|
|
|
|
Cash
Based
|
305
|
589
|
300
|
740
|
799
|
315
|
330
|
420
|
Shares
Based
|
200
|
406
|
250
|
490
|
500
|
500
|
740
|
650
|
Total
Fixed
|
505
|
995
|
550
|
1,230
|
1,299
|
815
|
1,070
|
1,070
|
|
|
|
|
|
|
|
|
|
Variable
|
|
|
|
|
|
|
|
|
Upfront
Cash
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
Deferred
Cash
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Upfront
Shares
|
273
|
152
|
416
|
187
|
217
|
462
|
658
|
238
|
Deferred
Shares
|
213
|
231
|
432
|
284
|
328
|
196
|
165
|
360
|
Long
term incentive plan
2
|
1,042
|
744
|
884
|
833
|
780
|
2,020
|
2,571
|
2,886
|
|
|
|
|
|
|
|
|
|
Total
variable pay
|
1,530
|
1,129
|
1,734
|
1,306
|
1,327
|
2,680
|
3,396
|
3,486
|
Pension
cost
3
|
46
|
147
|
45
|
181
|
182
|
63
|
66
|
84
|
Total Remuneration
|
2,081
|
2,271
|
2,329
|
2,717
|
2,808
|
3,558
|
4,532
|
4,640
|
Number of MRTs paid €1 million
(1)(2)
or more for
2016
|
December 2016 MRTs
(3)
|
€1m
- €1.5m
|
31
|
€1.5m
- €2m
|
8
|
€2m
- €2.5m
|
4
|
€2.5m
- €3m
|
3
|
€3m
- €3.5m
|
3
|
€3.5m
- €4m
|
3
|
€4m
- €4.5m
|
-
|
€4.5m
- €5m
|
-
|
€5m
- €5.5m
|
-
|
€5.5m
- €6m
|
-
|
€6m
- €6.5m
|
-
|
€6.5m
- €7m
|
1
|
€7m
- €7.5m
|
-
|
Total
|
53
|
|
António Horta-Osório
1
|
George Culmer
|
Juan Colombás
|
Totals
|
||||
£000
|
2016
|
2015
|
2016
|
2015
|
2016
|
2015
|
2016
|
2015
|
Base
salary
|
1,125
|
1,061
|
745
|
731
|
739
|
724
|
2,609
|
2,516
|
Fixed
share award
|
900
|
900
|
504
|
504
|
497
|
497
|
1,901
|
1,901
|
Benefits
|
143
|
140
|
42
|
41
|
70
|
73
|
255
|
254
|
Other
remuneration
2
|
1
|
2
|
1
|
2
|
1
|
2
|
3
|
6
|
Annual
bonus
|
1,220
|
850
|
574
|
462
|
578
|
455
|
2,372
|
1,767
|
Long-term
incentive
3
|
1,584
|
5,183
|
857
|
2,804
|
763
|
2,496
|
3,204
|
10,483
|
Pension
allowance
4
|
568
|
568
|
186
|
182
|
185
|
181
|
939
|
931
|
Total
remuneration
|
5,541
|
8,704
|
2,909
|
4.726
|
2,833
|
4,428
|
11,283
|
17,858
|
Less:
performance adjustment
5
|
-
|
(234)
|
-
|
(65)
|
-
|
(3)
|
-
|
(302)
|
Total
remuneration less performance adjustment
|
5,541
|
8,470
|
2,909
|
4,661
|
2,833
|
4,425
|
11,283
|
17,556
|
1
|
2016
base salary increase: 6 per cent (2 per cent in cash, 4 per cent in
shares required to be held until the Government has sold its
shareholding in the Group).
|
2
|
Other
remuneration payments comprise income from all employee share
plans, which arises through employer matching or discounting of
employee purchases.
|
3
|
The
LTIP vesting and dividend equivalents awarded in shares were
confirmed by the Remuneration Committee at its meeting on 15
February 2017. The average share price between 1 October 2016 and
31 December 2016 (58.30 pence) has been used to indicate the value.
The shares were awarded in 2014 based on a share price of 78.878
pence. LTIP and dividend equivalent figures for 2015 have been
adjusted for the share price on the date of vesting (72.75
pence).
|
4
|
Following
changes to the amount of tax relief available on pension
contributions in each year, Executive Directors may elect to
receive some or all of their allowances as cash. The breakdown of
payments made in cash and contributions into the pension scheme are
shown below.
|
5
|
In June
2015, the Group reached a settlement with the Financial Conduct
Authority (FCA) with regard to aspects of its Payment Protection
Insurance (PPI) complaint handling process during the period March
2012 to May 2013. As a result, the Committee decided to make
performance adjustments in respect of bonuses awarded in 2012 and
2013 to the Group Executive Committee and some other senior
executives given their ultimate oversight of the PPI operations.
The number of shares adjusted was 409,039 for the GCE, 109,464 for
the Chief Financial Officer (CFO) and 376,055 for the Chief Risk
Officer (CRO) (pro-rated in the above table to reflect his
appointment to Executive Director on 29 November 2013). The share
price used for the valuation was the market price for a share in
the Group at the award dates, 49.29 pence and 78.878 pence,
respectively.
|
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