Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 248

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 248
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. c.12% average RoTE &#8211; would result in payouts of c.&pound;9m for our CEO and c.&pound;5m for our GFD. &#8226; Maximum pay, &pound;14.3m and &pound;8.1m respectively, only for outstanding performance well beyond our external targets, including average RoTE of at least 14%, compared to our external target of greater than 12% RoTE in 2026. The full impact of policy changes will not be realised until 2033, when the final tranche of the first LTIP award made under the new policy is released. Illustrative CEO total compensation outcomes under different performance scenarios (&pound;m)1 2.95 1.59 5.01 4.13 5.78 6.04 7.41 9.22 9.81 14.31 Current Proposed Current Proposed Current Proposed Current Proposed Current Proposed n Fixed pay (excluding pension and benefits) n Bonus n LTIP Notes: 1. &#8216;Proposed&#8217; DRP outcomes reflect changes in pay mix (fixed pay at &pound;1,590k) and performance measures, with target modelled at c.60% and threshold at c.20%. &#8216;Current&#8217; DRP outcomes reflect old pay mix and historic performance measures. 2. The RoTE levels shown as representative of &#8216;threshold&#8217;, &#8216;cross-over&#8217;, &#8216;target&#8217; and &#8216;maximum&#8217; performance are based on the calibration used within the 2025-2027 LTIP. Competitive maximum total compensation opportunities for the Executive Directors The Committee concluded that our Executive Directors&#8217; maximum total compensation opportunities under the current DRP are well below market, and not commensurate with the Executive Directors&#8217; roles given Barclays&#8217; scope and complexity. At the same time, we recognise that some of our peers are larger than Barclays. We also recognise that market pay levels for executive directors of US companies are often higher than those of UK companies. In light of this, in determining the appropriate level of the Executive Directors&#8217; maximum total compensation opportunity under the new DRP, the Committee increased pay opportunity but determined that the competitive positioning should remain below market median &#8211; and very significantly below the