CSL Ltd Annual Report 2019

4.8 Executive KMP 2020 equity vesting opportunity As described earlier in the Report, our legacy LTI programs continue to remain in operation with testing to be completed and outcomes disclosed through until the 2021 Remuneration Report. As a consequence of these legacy plans along with the current LTI framework, in 2020 we will have three different years of awards that will be tested and subsequently vested or lapsed based on CSL performance. In regard to the historical 2016 Right and Option awards, and the 2017 EDIP award (granted 1 October 2015 and 1 October 2016 respectively), based on the exceptionally strong performance of CSL over the performance period and the significant increase of the CSL share price since the grant of this award, the value of any vesting achieved is expected to be high, in alignment with shareholder returns over the same period. It is to be noted that the 2017 EDIP award (granted 1 October 2016) is the final vesting under this program and after 2020 no awards will be outstanding – this legacy LTI plan will cease to operate. The following table sets out a preview of the awards that will be tested in 2020 for Executive KMP with Table 8 providing the specific grant details for each Executive KMP. The face value in Table 7 is provided in Australian Dollars. Table 7: LTI awards to be tested in 2020 Grant Date Security Performance Measure Exercise Price Face Value of a CSL Share at Date of Grant A$ 1 October 2015 Right rTSR – 89.94 1 October 2015 Right EPSg – 89.94 1 October 2015 Option Individual Performance A$89.52 89.94 1 October 2016 Notional Share Individual Performance – 107.00 1 October 2017 Performance Share Unit ROIC – 133.96 1 October 2017 Restricted Share Unit Individual Performance – 133.96 1 September 2018 Performance Share Unit 22 ROIC – 227.31 1 September 2018 Restricted Share Unit 23 Individual Performance – 227.31 Table 8: Executive KMP LTI opportunity to be tested in 2020 Executive Number of Performance Rights Number of Options Number of Notional Shares Number of Performance Share Units Number of Restricted Share Units P Perreault 47,138 147,911 8,559 22,375 – G Boss 8,536 30,909 1,842 3,744 – W Campbell 6,088 – 1,890 4,522 – A Cuthbertson 9,098 – 1,825 4,348 – K Etchberger 7,801 28,245 1,683 3,421 – D Lamont 12,266 – 1,728 3,804 – WMezzanotte – – – 2,728 613 G Naylor 14,748 42,717 1,088 4,492 – V Romberg 9,056 26,233 2,754 3,893 – E Walker – – 1,025 1,937 151 22 WMezzanotte had a portion of his Performance Share Units granted on 1 March 2019 where the face value of a CSL share on the date of grant was A$195.66. 23 E Walker had a portion of her Performance Share Units granted on 1 March 2018 where the face value of a CSL share on the date of grant was A$161.42. CSL Limited Annual Report 2019 73