47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 102
A.G. BARR p.l.c. Annual Report and Accounts 2025
D I R E C TO R S ’
R E M U N E R ATI O N R E P O R T
CO N TI N U ED
For the purposes of assessing the extent to which the share ownership guidelines have been met by the executive directors, the following shares are included:
wholly owned shares (including those owned by a director’s spouse), LTIP shares that are in the holding period, and unvested deferred bonus shares provided
there are no further performance conditions.
At the year end, Euan Sutherland did not meet the 200% base salary requirement applicable for the year ended 25 January 2025, with a shareholding
equal to 11% of base salary as at 25 January 2025. Stuart Lorimer met the 150% base salary requirement applicable for the year ended 25 January 2025,
with a shareholding equal to 306% of base salary as at 25 January 2025.
The interests of each executive director of the Company as at 25 January 2025 (including those held by their connected persons) are as set out below.
There were no changes to these interests between 25 January 2025 and 24 March 2025 with the exception of the following changes:
• an increase in Euan Sutherland’s holding of 74 shares; and
• an increase in Stuart Lorimer’s holding of 74 shares.
Unvested
Director
Type
Subject to
performance
conditions
Not subject to
performance
condition
Owned outright
Exercised during
the year
11,994
–
–
–
11,994
–
–
171,957
–
171,957
Total at
25 January 2025
Executive
Euan Sutherland
Shares
LTIP share options
AESOP matching shares
Stuart Lorimer
–
–
–
12
12
179,992
–
–
–
179,992
LTIP share options
–
(98,663)
299,271
–
299,271
SAYE options
–
(3,925)
–
3,635
3,635
Deferred bonus held in shares
–
–
15,437
–
15,437
AESOP matching shares
–
(132)
861
861
Shares – connected persons’ holding*
–
–
–
–
650,463
Shares
Non-executive
Mark Allen
Shares
10,000
–
–
–
10,000
Julie Barr
Shares
1,671,306
–
–
–
1,671,306
Zoe Howorth
Shares
5,631
–
–
–
5,631
Louise Smalley
Shares
10,200
–
–
–
10,200
Nick Wharton
Shares
1,597
–
–
–
1,597
*
Stuart Lorimer’s connected persons’ shareholding includes shares related to his position as director of Robert Barr Ltd, the trustee of various employee benefit trusts.
The ‘Owned outright’ shares set out in the table above are the shares owned outright by the directors. These include any AESOP free shares awarded
during the year and any shares retained during the year following the exercise of LTIP awards and SAYE options.
The number of AESOP free shares awarded and share options exercised under the LTIP and SAYE in the year are included in the ‘Exercised during the year’
column.
100
