RBS 2013 Annual Report Download - page 83
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Annual report on remuneration
81
Share options
Options held at
31 December 2013
Share Plan
Options held
at 1 January
2013 (or date o
f
appointment if later)
Number o
f
options
lapsed in 2013
Option
price
£ Numbe
r
Exercise period
Nathan Bostock (5) Executive Share Option Plan 207,467 — 4.62 207,467 17.08.12 – 16.08.19
Sharesave Plan 3,556 3,556 4.34 — —
211,023 3,556 207,467
Medium-Term Performance Plan (MPP)
Scheme interests
(nil cost option)
at 1 January 2013 (o
r
date of appointment
if later)
Award price
£
Awards
exercised in
2013
Scheme interests
(share equivalents)
at 31 December 2013
End of period for
qualifying conditions
to be fulfilled
Nathan Bostock (5) 117,809 4.52 — 117,809 17.08.12
For the notes to this table refer to the previous page.
Total Shareholder Return (TSR) performance
The graph below shows the performance of RBS over the past five years in terms of TSR compared with that of the companies comprising the FTSE
100 Index. This index has been selected because it represents a cross-section of leading UK companies. The TSR for FTSE UK banks for the same
period has been added for comparison. The TSR for the company and the indices have been rebased to 100 at 1 January 2009. Source: Datastream
Historic Group Chief Executive pay over same period
2009 2010 2011 2012 2013(1)
Group Chief Executive single figure
of total remuneration (£000s)
1,647
—
3,687
—
1,646
—
1,646
—
1,235 (SH)
378 (RM)
Annual variable award
against max opportunity
0%
—
85%
—
0%
—
0%
—
0% (SH)
0% (RM)
LTIP vesting rates
against max opportunity
0%
—
0%
—
0%
—
0%
—
0% (SH)
0% (RM)
Note:
(1) Stephen Hester (SH) stepped down from the Board on 30 September 2013 and Ross McEwan (RM) became Group Chief Executive with effect from 1 October 2013.
Change in Group Chief Executive pay compared to employees
The table below shows the percentage change in remuneration for the Group Chief Executive between 2013 and 2012 compared with the percentage
change in the average remuneration of RBS employees on a global basis. In each case, remuneration is based on salary, benefits and annual bonus.
The Group Chief Executive remuneration reflects the change in remuneration arrangements for the new Group Chief Executive with effect from 1
October 2013 compared to the previous Group Chief Executive.
Salary Benefits Annual Bonus
2013 to 2012 change 2013 to 2012 change 2013 to 2012 change
Group Chief Executive (16.7%) — —
All employees 2.1% 2.1% (16.6%)
Note:
(1) No bonus was paid to the Group Chief Executive in respect of 2012 or 2013 performance. Standard benefit funding for executive directors remained unchanged between 2012 and 2013. The benefits
for the Group Chief Executive excludes the relocation expenses provided to Ross McEwan as part of his recruitment as CEO UK Retail in 2012 and which will last for a set three year period other
than an entitlement to two return business class flights which applies from year three onwards. The value of relocation benefits will be disclosed each year in the total remuneration table.