Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 243

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 243
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 December 2024 (including dividend equivalents accrued throughout the vesting period), valued at the share price on the grant date. Any impact of share price movement over the vesting period is shown under the share price appreciation column. The decrease in values for LTIP award vesting for the Executive Directors reflects the lower vesting outcomes for the 2020 PSA relative to the 2019 PSA. The 2024 face value and the share price appreciation figures shown above are estimates of both the number of shares that will ultimately vest and the share price on vesting. Once actual values are known these estimates will be restated in the following year. Refer to page 134 for further detail. Fixed remuneration Base salary In 2024, a comprehensive review of base salaries was undertaken for the Executive Committee to ensure they remain competitive in the market. The Chief Executive’s March 2025 salary increase is at a premium of 6.8% to the 3% general increase awarded to UK employees. Further detail is set out in the Annual statement by the People & Remuneration Committee Chair. The Chief Financial Officer’s base salary increase is in line with that awarded to the wider UK employee population in 2025 of 3%. Base salaries are reviewed with a 1 March effective date.

| Executive Director | Annual base salary 1 March2024 £'000 | Annual base salary 1 March2025 £'000 | % change |
| Jakob Stausholm    |                                1,285 |                                1,411 | 9.8%     |
| Peter Cunningham   |                                  761 |                                  784 | 3.0%     |

Benefits (2024) Include healthcare, allowance for professional tax compliance services, occasional spouse travel in support of the business which is deemed to be taxable to the individual, and non-performance based awards under the all-employee share plans. Pension (2024) Pension benefits can either be paid as contributions to Rio Tinto’s company pension fund, as a cash allowance, or both.

| Executive Director | Pension contributions paid tothe Rio Tinto pension fund £'000 | Cash in lieu of pensioncontributions paid £'000 | Total £'000 | Pension provision(% of base salary) |
| Jakob Stausholm    |                                                            10 |                                             169 |         179 | 14%                                 |
| Peter Cunningham   |                                                            10 |                                              96 |         106 | 14%                                 |

Short-term incentive plan (