47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 96
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
Annual bonus for 2025/26
For the 2025/26 financial year, 80% of bonus potential will be assessed against growth in Adjusted PBT*, which is an important indicator of the success of
the Company’s strategy. Performance targets will be set at challenging levels, with 50% of this element of the annual bonus being earned for on-target
performance. The remainder of the annual bonus (20% of bonus potential) will be assessed against individual strategic objectives to align the reward
structure with key strategic priorities, and to encourage behaviours which facilitate profitable growth and the future development of the business. The actual
performance targets are not disclosed as they are considered to be commercially sensitive at this time and should therefore remain confidential to the
Company. The Remuneration Committee will continue to disclose how the bonus earned relates to performance against the targets on a retrospective basis,
meaning this information will be disclosed in the Annual Report on Remuneration for the year ending 31 January 2026.
Long term incentives – audited information
Awards vesting in respect of the financial period
LTIP awards granted in April 2022 were subject to the following EPS, TSR and environmental sustainability performance measures:
% of maximum
opportunity
Cumulative EPS for the period including 2022/23, 2023/24 and 2024/25
Threshold
Maximum
vesting at 20% of vesting at 100% of
the maximum
the maximum
award
award
60%
Actual result
for period
Actual vesting
(as a % of
maximum for
each measure)
86.6p
95.7p
103.31p
100%
82nd
Percentile
100%
TSR* for the period including 2022/23, 2023/24 and 2024/25
30%
Median
Upper
quartile
Environmental sustainability – Science Based Target (carbon tonnes)
for the period including 2022/23, 2023/24 and 2024/25
10%
4,715
4,194
3,942
100%
*
Ranked TSR performance measured against the constituents of the FTSE 250 index (excluding investment trusts and financial services companies).
The salary used in the calculation of the award is the individual director’s salary as at 1 April 2022.
Details of LTIP awards vesting in respect of the financial period are set out below:
Year ended 25 January 2025
Executive director
Total shares
Number
Vesting
%
Shares
awarded*
Number
Share price **
£
LTIP value
£000
Stuart Lorimer
95,187
100%
99,487
5.70
567
95,187
*
**
99,487
567
Shares vesting under the LTIP for the year ended 25 January 2025 include dividend equivalents from the award date for the director.
The long term incentives figure for the year ended 25 January 2025 has been valued using the average closing share price for the three months ended 25 January 2025 as an estimate of the value
of the incentive, as the actual value of the award will not be finalised until the closing share price is known when the incentive vests in April 2025.
An estimate of the amount of LTIP awarded in April 2022 attributable to share price appreciation is set out below:
Executive director
Share price
appreciation
£000
Stuart Lorimer
33
33
94
