Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 295

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 295
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 with an underpin based on average RoTE over the performance period (RoTE excluding material items in each case)1 30% 6% of the award vests for 2026 RoTE of 10.0%, rising on a straight-line basis 30% of the award vests for 2026 RoTE of 14.0% or higher This element is also subject to an underpinning requirement that average RoTE over the performance period is at least 10%. If average RoTE over the period is less than 10%, the Committee will consider the reasons why and determine what portion of this element of the LTIP award should vest, if any Average cost: income ratio (excluding material items)1 10% 0% of the award vests for average cost: income ratio of 62.5%, rising on a straight-line basis 10% of the award vests for average cost: income ratio of 58.0% or lower Maintain CET 1 ratio within the target range2 10% If CET1 is below the target range during the period, the Committee will consider what portion of this element should vest, based on the reasons for the CET1 shortfall If CET1 is above the range and does not make progress towards the range over the period, the Committee will consider what portion of the element should vest, based on the reasons for the elevated levels of CET1 versus target range and the associated impacts 10% vests if either: &#8226; CET1 is within the range during the period or &#8226; CET1 is above but making progress towards the target range Relative total shareholder return3 20% 5% vests for performance at the median of the peer group4, rising on a straight-line basis 20% of award vests for performance at or above the peer group4 upper quartile Strategic non-financial measures The evaluation will focus on a range of key metrics, with a detailed retrospective narrative on progress against each during the year. Performance against the measures will be assessed by the Committee to determine the percentage of the award that may vest between 0% and 30%. The measures are organised around four main categories and measures will likely include the following: Climate & sustainability 15% Progress to be measured against four key objectives: &#8226; Progress towards our Sustainable and Transition Financing target &#8226; Reduce our financed emissions &#8226; Reduce our operational emissions &#8226; Support our communities Customers & clients 5% Drive world class outcomes for customers and clients: &#