CSL Ltd Annual Report 2021

6.4.2 Fair Value of Awards Granted, Vested and Lapsed Equity in 2021 The table below details the fair value at the date of grant for all awards granted 10 , vested and lapsed in 2021. The values are shown in Australian Dollars (AUD). 10 T he grant date of PSUs granted to P Perreault was 14 October 2020. Shareholder approval for the grant of PSUs and any shares to be issued at the time of vesting, was obtained under ASX Listing Rule 10.14 at the 2020 Annual General Meeting. Table 6: Grant Fair Value Security Tranche Grant Date Vest/Lapse Date Fair Value at Grant A$ Option 1 1 Oct 2016 20 Aug 2020 16.14 Right 1 1 Oct 2016 20 Aug 2020 60.07 Right 2/3 1 Oct 2016 20 Aug 2020 100.50 PSU 3 1 Oct 2017 1 Sep 2020 126.78 PSU 2 1 Sep 2018 1 Sep 2020 221.72 PSU 1 1 Sep 2019 1 Sep 2020 232.89 PSU 1 1 Sep 2020 1 Sep 2021 287.79 PSU 2 1 Sep 2020 1 Sep 2022 284.81 PSU 3 1 Sep 2020 1 Sep 2023 281.87 PSU 4 1 Sep 2020 1 Sep 2024 278.95 PSU 1 1 Apr 2021 1 Sep 2021 265.48 Restricted Share Unit (RSU) 1 1 Apr 2021 1 Sep 2021 265.48 RSU 2 1 Apr 2021 1 Mar 2022 264.08 RSU 3 1 Apr 2021 1 Mar 2023 261.26 RSU 4 1 Apr 2021 1 Mar 2024 258.47 6.4.3 Summary of Executive KMP Granted, Vested and Lapsed Equity in 2021 The table below summarises the details of equity awards granted, vested and lapsed in US Dollars (USD) for each Executive KMP. For awards granted, the maximum number of securities that may vest is shown. For accounting purposes, the maximum value of each grant is the fair value of the equity granted multiplied by the number of equity instruments granted, or remaining each year. Ultimately, the maximum value of the equity awards will be equal to the number of securities granted multiplied by the CSL share price at the time of vesting. The minimum number of securities and the value of the equity awards is zero if the equity award is fully lapsed. Details of the performance and service criteria applying to awards granted in prior years are summarised in section 11 and prior Remuneration Reports corresponding to the reporting period in which the awards were granted. On commencement of employment, Ms Linton has been granted a benefit in the form of both hurdled and unhurdled Rights – the grant date of the award was 1 April 2021. This grant is to provide a more competitive reward offering to Ms Linton and compensate for a pro-rata portion of the loss of cash-settled LTI awards held at the time of cessation with her prior employer, Bupa. Bupa awards that had been performance-based were matched with CSL performance hurdled PSU awards, and Bupa awards that had been time-based were matched with CSL RSU time-based awards. The PSU grant is subject to a ROIC performance hurdle, measured over the period 1 July 2014 to 30 June 2021 – in line with the annual PSU hurdle set for grants made in September 2020. Each PSU and RSU is a conditional right to receive a share in CSL (or a cash equivalent payment). No price is payable by Ms Linton on the grant or vesting of PSUs or RSUs awarded as a sign-on award. Further details of how remuneration is determined is set out in section 10.2 and details on the terms of the awards can be found in section 3.2.5 for the PSU grants, and section 12.2 for RSU grants. CSL Limited Annual Report 2020/21 89