Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 382

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 382
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 are settled either by the

issuance of shares by the relevant parent company; the purchase of

shares on market; or the use of shares held in treasury. If the cost of

shares acquired to satisfy the plans differs from the expense charged,

the difference is taken to retained earnings or other reserves, as

appropriate.

The charge that has been recognised in the income statement for Rio Tinto’s share-based incentive plans, and the related liability (for cash-

settled awards), is set out in the table below.

|                       | Charge recognised for the year |          |          | Liability at the end of the year |          |
|                       |                       2024US$m | 2023US$m | 2022US$m |                         2024US$m | 2023US$m |
| Equity-settled awards |                            170 |      140 |      117 |                                – |        – |
| Cash-settled awards   |                              2 |        4 |        5 |                                5 |        6 |
| Total                 |                            172 |      144 |      122 |                                5 |        6 |

| Annual Report on Form 20-F 2024 | 210 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

27 Share-based payments continued

Performance Share Awards (granted under either the Performance Share Plans or the Equity Incentive Plans)

|                                | Rio Tinto plc awards |                                             |            |                                             | Rio Tinto Limited awards |                                              |            |                                              |
|                                |           2024number | Weightedaverage fairvalue at grantdate2024£ | 2023number | Weightedaverage fairvalue at grantdate2023£ |               2024number | Weightedaverage fairvalue at grantdate2024A$ | 2023number | Weightedaverage fairvalue at grantdate2023A$ |
| Unvested awards at 1 January   |            2,596,811 |                                       24.34 |  2,903,449 |                                       24.36 |                1,011,192 |                                        54.74 |  1,040,240 |                                        52.51 |
| Awarded                        |            1,077,110 |                                       28.22 |    562,747 |                                       28.40 |                  579,982 |                                        67.34 |    287,