Governance
Financial Statements
Additional Information
Strategic Report
The single figure of remuneration for the Directors for the year 2023/24 (in £ thousands) is:
Chief Executive
Finance Director
Non-Executive Directors
7
87
145
882
590
294
380
288
302
441
441
259
296
201
4
4
57
39
287
Salary Benefits
Pension Annual bonus
Long-term incentive pay (LTIP)
Total fixed Total variable
The potential remuneration of the Executive Directors, excluding buy-out awards, for the year to 31 March 2025 is:
Chief Executive
Chief Financial Officer
The following charts show the composition of the Executive Directors’ remuneration at three performance levels: / Fixed pay – base salary from 1 April 2024, benefits and pension salary supplement of 15% of base salary / On target – fixed pay plus target vesting for the annual bonus (at 50% of maximum opportunity for illustrative purposes) and threshold vesting for the LTIP (at 25% of maximum award) / Maximum – fixed pay plus maximum vesting for both the annual bonus (145% of base salary) and the LTIP (93.75% (Chief Executive) of base salary) / Maximum with share price growth – maximum scenario incorporating assumption of 50% share price growth during LTIP vesting period
£276K
£441K
100%
100%
£450K
£806K
55% 34% 11%
61%
39%
£624K
£1,348K
26%
33% 41%
44%
56%
£624K
£1,526K
29% 36%
23% 12%
44%
56%
Other than where stated, the charts do not incorporate share price growth or dividend equivalent awards.
Total fixed Annual bonus
Long-term incentive pay (LTIP)
Share growth
Picton Property Income Limited / Annual Report 2024
115
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