Sasol Integrated Report 2024 - Book - Page 158
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
PART IV: REMUNERATION IMPLEMENTATION REPORT continued
Prescribed Officers
continued
B. Unvested long-term incentive holdings (number and intrinsic value)
V Bester6
S Baloyi
Executive Directors
Number
Intrinsic
value1
R’000
Number
C Herrmann6
BV Griffith
Intrinsic
value1
R’000
Number
Intrinsic
value1
$’000
Balance at the beginning
of the year
Awards granted2
Change in value1
Effect of corporate
performance targets
Dividend equivalents
Awards settled3
Awards forfeited
54 763
32 325
–
12 774
7 981
(7 799)
–
–
–
(393)
2 373
(10 064)
–
(75)
451
(1 767)
–
–
–
–
–
–
–
–
–
(3 015)
3 487
(18 597)
–
(31)
35
(196)
–
Effect of changes in
Prescribed Officers4
(79 004)
(11 565)
20 927
3 064
(182 074)
(1 568)
20 927
2 890
Balance at the end
of the year
1
2
3
4
5
6
–
–
–
–
(174)
146 862
53 337
–
–
1 818
703
(761)
–
BP Mabelane
S Pillay6
CK Mokoena
H Wenhold
Number
Intrinsic
value1
$’000
Number
–
–
–
–
–
200
148 998
38 358
–
34 755
9 471
(12 434)
112 126
31 655
–
26 155
7 816
(13 332)
–
–
–
(6)
27
(174)
–
(28 870)
7 865
(37 626)
(38 358)
(5 484)
1 494
(8 958)
(5 615)
(2 530)
3 652
(17 282)
–
(481)
694
(3 228)
–
424
–
–
–
81
–
–
–
70 909
550
(90 367)
(13 229)
58 840
597
(587)
2 634
(14 116)
–
–
Intrinsic
value1
R’000
–
Number
Intrinsic
value1
R’000
Number
Intrinsic
value1
R’000
–
–
(186)
Number
–
33 923
–
Intrinsic
value1
R’000
–
7 650
(10 664)
(608)
3 673
(15 577)
–
(115)
698
(2 734)
–
–
–
19 754
2 892
83 659
19 675
127 621
17 624
20 178
2 787
105 070
14 510
Intrinsic values at the beginning and end of the year have been determined using the closing price of:
30 June 2024 R138,10 ($10,14)
30 June 2023 R233,26 ($12,38)
Change in intrinsic value for the year results from changes in share price.
LTIs granted on 28 August 2023 and 17 November 2023 (H Wenhold only).
Long-term incentives settled represent long-term incentives that vested with reference to the Group results for 2023 that was settled in the 2024 financial year. Difference between the long-term incentive gains disclosed in 2023 and the amount settled in 2024 is due to the
difference in actual share price at vesting date and the share price at date of disclosure.
Mrs Mabelane resigned effective 31 March 2024. In terms of the 2022 LTI Plan rules, her 28 August 2023 award as well as all prior LTI awards, lapsed on resignation.
Includes a total of 22 401 conditional LTIs issued in FY21 for which the renewable energy CPT has been deferred up to 31 December 2026.
On-appointment award for Messrs Bester, Herrmann, Pillay and Ms Gerber could not be made in May 2024, due to the Prescribed Officer being placed in a precautionary closed period and this award will be combined with the annual award, when the closed period is lifted in FY25.
The total IFRS2 charge for LTIs awarded to the Executive Directors and the Prescribed Officers in 2024 amounted to R30 million (30 June 2023: R29 million) and R41 million (30 June 2023: R45 million).
SASOL INTEGRATED REPORT 2024
156
