With Macquarie Group’s release of its 2016 Annual Report and full year results comes some interesting reporting of Nicholas Moore’s remuneration. I set out my calculations – salary plus super is $819,337. Cash profit share for FY16 performance was $5,316,428 and as this represents 30% of the total profit share, his total profit share is $17,721,650. Some of this will be invested in a notional basket of Macquarie Group managed funds (RPS) but the bulk is invested in Restricted Stock Units (RSUs). Given the RPS amount of $1,240,523 disclosed in the 2016 Annual Report, the equities granted should be around $11,164,709 by my calculation. On top of this we have $251,274 earned on prior years’ RPS, $6,980,127 in value on vesting of performance share units granted in prior years under the LTI scheme, $11,766,648 representing 149,077 RSUs vested and exercised on 14 August 2015 (CSP of $78.93 on that date). So add that up how you’d like but salary plus total profit share plus earnings on prior year RPS is $18,792,261 and the vested shares come in at $18,746,775.
With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
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