Sasol Integrated Report 2024 - Book - Page 159
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
PART IV: REMUNERATION IMPLEMENTATION REPORT 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
15
V Bester
A Gerber14,15
BV Griffith
C Herrmann14,15
BP Mabelane
CK Mokoena
SD Pillay15
H Wenhold
Minimum
Shareholding
Requirement
(MSR)
MSR
Achievement
period (CY)
R4 550 000
$531 200
$465 000
$430 800
R5 075 000
R4 188 219
R4 060 000
R4 970 000
2030
2030
2026
2030
2026
2026
2030
2029
Units
Beneficial
shareholding
– 30 Jun 2024
Post tax vesting
Sept and Oct
20241,2,13
Beneficial
shareholding
value (including
CY2024 post tax
vesting)
–
–
31 135
–
19 566
16 221
3 285
7 756
–
–
$448 279
–
R4 693 492
R4 187 602
R414 403
R1 593 393
–
–
$74 247
$39 316
–
R764 040
R258 866
R1 044 068
–
–
$522 527
$39 316
R4 693 492
R4 951 642
R673 269
R2 637 461
% MSR
Achieved – end
CY202413
Number of
shares to
vest in
CY20253,4,5,6,7,8
0%
0%
112%
9%
92%
118%
17%
53%
3 225
–
41 014
15 648
–
37 697
1 475
26 055
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 retention award made to Mr Wenhold in his previous position as SVP: Sasol Mining, in March 2022. This award is subject to a 3-year time based vesting period.
5
Includes only the restricted portion of the SVP on-appointment award made to Mr Bester in May 2022.
6
Includes the 2nd tranche of the on-appointment award made to Mr Herrmann in November 2020.
7
Includes the restricted award made in December 2020 which is subject to a 5-year time based vesting period.
8
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.
9
Includes the restricted awards made in August 2023 which are subject to a five year time based vesting period.
10
Includes the 2nd tranche of the award made in September 2021. The CPT applied to this award is 83,6%.
11
Includes the restricted awards made in September 2021, November 2022 and August 2023 which are subject to a five year vesting period.
12
Average June 2024 share price used of R126,15 (ADR: $6,92).
13
Once the MSR is achieved, the executive will be allowed to sell vested shares held in excess of the MSR.
14
Ms Gerber and Mr Herrmann’s Euro salaries have been converted to USD at appointment date.
15
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 in FY25.
SASOL INTEGRATED REPORT 2024
157
Number of
shares to
vest CY2026 –
20289,10,11
Total
number of
vested shares
subject only to
continued
employment
Pre-tax value of
vested shares
subject only
to continued
employment
(up to CY2028)12
14 056
–
81 976
29 996
–
52 928
12 898
49 519
17 281
–
122 990
45 643
–
90 625
14 372
75 574
R2 179 998
–
$851 091
$315 851
–
R11 432 344
R1 813 040
R9 533 635
