What did Directors earn in 2005?
The aggregate emoluments and other benefits of the Directors of Barclays PLC are set out below.
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‘FIXED' |
|
‘AT RISK' |
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|
|
Performance bonus |
PSP |
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|
|
(Maximum) |
Fair Value |
| |
Base salary |
|
Cash |
Shares |
(Maximum) |
| Chief Executive and |
|
|
|
|
| typical executive Director |
20% |
|
37.5% |
12.5% |
30% |
| Robert E Diamond Jr |
2% |
|
49% |
16% |
33% |
| PSP Performance Scale |
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|
|
| Barclays TSR ranking in the peer group of 12(a) |
|
Multiplier applying to the initial allocation |
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| 1st place |
|
3 x initial allocation |
| 2nd place |
|
2.5 x initial allocation |
| 3rd place |
|
2 x initial allocation |
| 4th place |
|
1.5 x initial allocation |
| 5th place |
|
1.25 x initial allocation |
| 6th place |
|
1 x initial allocation |
| 7th or below |
|
Zero |
Note
- The peer group for the 2005 PSP is HBOS, HSBC, Lloyds TSB, RBS, ABN Amro, BBVA, BNP Paribas, Deutsche Bank, UBS, Citigroup and JP Morgan Chase.
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2005 |
2004 |
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£000 |
£000 |
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|
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| Number of Directors – 18 (2004: 18) |
|
|
| Aggregate emoluments |
17,300 |
16,229 |
| Gains made on the exercise of share options |
345 |
928 |
| Amounts paid under long-term incentive schemes |
– |
– |
| Actual pension contribution to money purchase schemes (2005: two Directors and 2004: one Director) |
115 |
115 |
| Notional pension contributions to money purchase schemes (2005: no Directors and 2004: one Director) |
– |
990 |
| Four Directors are accruing retirement benefits under a defined benefit scheme (2004: four Directors). |