BP 2007 Annual Report Download - page 67

Summary of remuneration of executive directors in 2007a
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Annual remuneration Long-term remuneration
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
b
Share element of EDIP
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2004-2006 plan 2005-2007 plan 2007-2009 plan
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(vested in (vested in
Feb 2007) Feb 2008)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Annual Non-cash benefits Potential
Salary performance bonus and other emoluments Total Actual Actual maximum
c d
(thousand) (thousand) (thousand) (thousand) shares Value shares Value performancee
2006 2007 2006 2007 2006 2007 2006 2007 vested (thousand) vested (thousand) shares
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Dr A B Hayward £463 £877 £250 £1,262 £20 £14 £733 £2,153 112,941 £606 0 0 706,311
Dr D C Allen £463 £500 £250 £539 £13 £13 £726 £1,052 112,941 £606 0 0 456,748
I C Conn £463 £581 £250 £698 £42 £45 £755 £1,324 54,600 £293 0 0 456,748
Dr B E Grote $973 $1,175 $525 $1,551 $1 $10 $1,499 $2,736 127,601 $1,338 0 0 491,640
f
A G Inglis n/a £556 n/a £800 n/a £188 n/a £1,544 30,090 £162 0 0 400,243
Directors leaving the board in 2007
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
g
Lord Browne £1,531 £531 £900 £621 £95 £85 £2,526 £1,237 380,668 £2,044 80,000 £436 0
h
J A Manzoni £463 £323 £250 £311 £45 £33 £758 £667 112,941 £606 0 0 0
---------------
-- --
-- --
-----
--- ---
-- --
-----
--- ---
--- ---
--- --- --- ---
-- --
--- --- --- ---
-----
--- ---
---- ---- ---- ----
----
-- --
-
--- ---
---- ---- ---- ----
-----
-- --
-- --
---- ---- ---- ----
-----
-- --
-- --
------ ------ ------ ------
--- ---
-----
-- --
--- ---
---- ---- ---- ----
-----
-- --
--- --- --- ---
--- ---
---- ---- ---- ----
-----
-- --
--- ---
---- ---- ---- ----
-----
--- ---
-- --
--- --- --- ---
--- -- --
---- ---- ---- ----
----------
-----
-----
------
------ ------
------
----- -----
Amounts shown are in the currency received by executive directors. Annual bonuses are shown in the year they were earned.
aThis information has been subject to audit.
bOr equivalent plans in which the individual participated prior to joining the board.
cBased on market price on vesting date (£5.37 per share/$62.91 per ADS).
dBased on market price on vesting date (£5.45 per share).
eMaximum potential shares that could vest at the end of the three-year period depending on performance.
fAppointed to the board on 1 February 2007.
gLord Browne resigned from the board on 1 May 2007. In addition to the above, he was awarded a lump sum ex gratia superannuation payment of one year’s
salary (£1,575,000).
hMr Manzoni resigned from the board on 31 August 2007. In addition to the above, he was awarded compensation for loss of office equal to one year’s salary
(£485,000). He also received £30,000 in respect of statutory rights and retained his company car.
Remuneration of non-executive directors in 2007a
------------------------------------------------------------------------------------------------------------------------
£thousand
------------------------------------------------------------------------------------------------------------------------
2006 2007
------------------------------------------------------------------------------------------------------------------------
A Burgmans 85 86
Sir William Castell 39 87
b
C B Carroll n/a 43
E B Davis, Jr 100 107
D J Flint 100 86
Dr D S Julius 105 106
Sir Tom McKillop 85 87
Dr W E Massey 130 133
Sir Ian Prosser 130 137
P D Sutherland 500 517
Directors leaving the board in 2007
------------------------------------------------------------------------------------------------------------------------
c
J H Bryan 110 45
aThis information has been subject to audit.
bAppointed on 6 June 2007.
cAlso received a superannuation gratuity of £21,000.
Pensions
All executive directors are part of a final salary pension scheme.
Accrued annual pension earned as at 31 December 2007 is £488,000
for Dr Hayward, £248,000 for Dr Allen, £238,000 for Mr Conn,
$778,000 for Dr Grote and £296,000 for Mr Inglis.
Historical TSR performance
This graph shows the growth in value of a hypothetical £100 holding in
BP p.l.c. ordinary shares over five years, relative to the FTSE 100 Index
(of which the company is a constituent). The values of the hypothetical
£100 holdings at the end of the five-year period were £172.09 and
£188.23 respectively.
300
250
200
150
100
50
ypothetical £100 holdingValue of h
Dec 02 Dec 03 Dec 04 Dec 05 Dec 06 Dec 07
BP ANNUAL REPORT AND ACCOUNTS 2007 65