CSL Ltd Annual Report 2021

Table 17: Non-Executive Director Shareholdings KMP Balance at 1 July 2020 Number of shares acquired on exercise of Rights during year Value of shares acquired on exercise of Rights during year US$ 41 Number of (Shares Sold)/ Purchased Balance at 30 June 2021 Non-Executive Director B McNamee 161,057 624 131,250 – 161,681 B Brook 5,322 282 60,216 – 5,604 M Clark 3,224 181 38,064 – 3,405 C Hewson 174 590 125,326 – 764 M McDonald 2,983 272 57,214 – 3,255 Former Non-Executive Director A Hussain 42 41 – – 340 381 C O’Reilly 43 3,692 151 33,118 – 3,843 P Soriot 44, 45 1,000 – – – 1,000 41 T he value at exercise date has been determined by the share price at the close of business on the exercise date multiplied by the number of Rights exercised during 2021. The AUD value was converted to USD at an average rate for the year of 1.34557. 42 The closing balance for A Hussain is 25 June 2021 being the date A Hussain ceased to be a Non-Executive Director and KMP. 43 The closing balance for C O’Reilly is 14 October 2020 being the date C O’Reilly ceased to be a Non-Executive Director and KMP. 44 The opening balance for P Soriot is 19 August 2020 being the date P Soriot became a Non-Executive Director and KMP. 45 The closing balance for P Soriot is 31 January 2021 being the date P Soriot ceased to be a Non-Executive Director and KMP. 46 T he number of Rights granted is determined by dividing the NEDs elected percentage of pre-tax base fee (minimum 20%) by the five day volume weighted average price at which CSL shares were traded on the ASX ending on (and including) the last ASX trading day prior to the date of grant of the Rights being 26 August 2020 of A$295.05. The Rights were granted on 27 August 2020 in two tranches. Tranche one had a vesting date of 23 February 2021 and tranche two vests 23 August 2021. 47 T he value at grant date has been determined by the share price at the close of business on the grant date of 27 August 2020 being A$293.55 multiplied by the number of Rights granted during 2021. The AUD value was converted to USD at an average exchange rate for the year of 1.34557. 48 T he value of Rights is calculated based on an assessment of the fair market value of the instruments in accordance with the accounting standards (refer to Note 18 in the Financial Statements). The fair value of each Right granted on 27 August 2020 was Tranche 1: A$293.64 and Tranche 2: A$292.16 multiplied by the number of Rights granted during 2021. 49 T he value at exercise date has been determined by the share price at the close of business on the exercise date multiplied by the number of Rights exercised during 2021. The AUD value was converted to USD at an average exchange rate for the year of 1.34557. Australian based NEDs have Rights exercised at the vesting date and a holding lock is placed on the shares for a period of three to fifteen years as elected by the NED. The UK based NEDs hold vested but unexercisable Rights until the end of the nominated restriction period. 50 V ested Rights are exercisable to the NED at the end of the nominated restriction period. All vested Rights are currently unexercisable until the end of the nominated restriction period. 51 The closing balance for A Hussain is 25 June 2021 being the date A Hussain ceased to be a Non-Executive Director and KMP. 52 The closing balance for C O’Reilly is 14 October 2020 being the date C O’Reilly ceased to be a Non-Executive Director and KMP. 53 The closing balance for P Soriot is 31 January 2021 being the date P Soriot ceased to be a Non-Executive Director and KMP. There have been no movements in shareholdings of NEDs between 30 June 2021 and the date of this Report. Table 18: Non-Executive Director Right Holdings KMP Security Balance at 1 July 2020 Number Granted 46 Face Value of Rights Granted US$ 47 Fair Value of Rights Granted US$ 48 Number Exercised Value of Rights Exercised US$ 49 Number Lapsed Balance at 30 June 2021 Number Vested During Year Balance at 30 June 2021 Vested 50 Unvested Non-Executive Director B McNamee Right 346 556 121,297 121,028 624 131,250 – 278 624 – 278 B Brook Right 201 161 35,124 35,047 282 60,216 – 80 282 – 80 M Clark Right 100 161 35,124 35,047 181 38,064 – 80 181 – 80 C Hewson Right 388 404 88,137 87,942 590 125,326 – 202 590 – 202 M McDonald Right 151 242 52,795 52,678 272 57,214 – 121 272 – 121 Former Non-Executive Director A Hussain 51 Right 411 161 35,124 35,047 – – – 572 181 492 80 C O’Reilly 52 Right 151 404 88,137 87,942 151 33,118 – 404 151 – 404 P Soriot 53 Right – 139 30,324 30,258 – – – 139 – – 139 CSL Limited Annual Report 2020/21 100 Directors’ Report