Sasol Integrated Report 2024 - Book - Page 156
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
PART IV: REMUNERATION IMPLEMENTATION REPORT continued
Executive Directors
continued
C. Progress against Minimum Shareholding Requirement (MSR)
Outstanding shares subject to continued employment only until 2028
(excluding accrued dividend equivalents includes RLTIs)
Beneficial Shareholding
11
S Baloyi
FR Grobler
HA Rossouw
VD Kahla
Minimum
Shareholding
Requirement
(MSR)
MSR
Achievement
period (CY)
R25 200 000
R22 050 000
R11 200 000
R5 098 706
2029
2024
2027
2025
Units
Beneficial
shareholding
– 30 Jun 2024
Post tax vesting
Sept and Oct
20241,2,9
Beneficial
shareholding
value (including
CY2024 post tax
vesting)
7 430
68 930
–
18 489
R1 769 961
R19 059 315
–
R5 158 042
R737 536
R1 828 506
–
R930 072
R2 507 497
R20 887 821
–
R6 088 115
% MSR
Achieved – end
CY20249
Number of
shares to
vest in
CY20253,4,5
10%
95%
0%
119%
7 691
110 008
–
47 021
Number of
shares to
vest CY2026
– 20286,7,8
Total
number of
vested shares
subject only to
continued
employment6,7,8
Pre-tax value of
vested shares
subject only
to continued
employment (up
to CY2028)10
22 925
85 543
24 683
41 608
30 616
195 551
24 683
88 629
R3 862 208
R24 668 759
R3 113 760
R11 180 548
Notes
1
Includes the 2nd tranche of the award made in October 2019. The CPT applied to this award was 54,31%.
2
Includes the 1st tranche of the award made in September 2021. The CPT applied to this award is 83,6%.
3
Includes the 2nd tranche of the award made in March 2020. The CPT applied to this award is 54,31%.
4
Includes the Restricted award made in December 2020. This award is only subject to a 5-year vesting period.
5
Includes the 2nd tranche of the award made in December 2020 when the annual September 2020 award was delayed to December 2020 due to the precautionary trading period at the time. The CPT applied to this award is 67,34%.
6
Includes the Restricted awards made in September 2021, November 2022 and August 2023. These awards are only subject to a 5-year vesting period.
7
Includes the 2nd tranche of the award made in September 2021. The CPT applied to this award is 83,6%.
8
Includes the Restricted portion of the on-appointment awards made to Messrs Rossouw and Baloyi in May 2022. These awards are subject to a 5 year time based vesting period.
9
Once the MSR has been achieved, the executive will be allowed to sell vested shares held in excess of the MSR.
10
Average June 2024 share price used of R126,15.
11
On-appointment award could not be made in May 2024, due to the precautionary closed period and this award will be combined with the annual award, when the closed period is lifted.
SASOL INTEGRATED REPORT 2024
154
