Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 233

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 233
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 line with the shareholding requirements.

Recruitment policy – No form of “golden hello” will be provided upon recruitment. In the case of internal appointments, existing commitments will be honoured. – Our approach concerning “buy-outs” is to determine a reasonable level of award, on a like- for-like basis, consisting primarily of share-based awards, but also potentially cash, taking into consideration the quantum of forfeited awards, their performance conditions and vesting schedules. – Other elements of remuneration are to be consistent with the Policy applicable to other executives.

Termination policy – An Executive Director’s notice period is normally 12 months, during which they will receive their base salary and other benefits. – Ineligible leavers forfeit their unvested LTIP and STIP entitlements. – An eligible leaver may receive the following: • A discretionary STIP award on a pro-rata basis, payable on the normal STIP payment date in cash. • Any unvested BDA from prior year awards will normally vest on the scheduled vesting date. • Unvested LTIPs will normally be retained and vest on the scheduled vesting date, subject to performance conditions where applicable. – PSA and Management Share Awards (MSA), where applicable, will be reduced if the executive leaves within 36 months of grant. – STIP and LTIP awards are subject to malus, clawback and suspension following termination.

| Annual Report on Form 20-F 2024 | 124 | riotinto.com |

Directors’ report | Remuneration report

Consequence management framework – Under both the malus and clawback provisions, where the Committee determines that an exceptional circumstance has occurred, it may, at its discretion, reduce the number of shares to be received on vesting of an award, or, for a period of 2 years after the vesting, the end of any holding period or payment of a share or cash award, the Committee can claw back value from a participant. – The Committee will apply the consequence management framework, and the circumstances under which the Committee exercises such discretion may include, inter alia: • fraud, misconduct or an exceptional event which has had, or may have, a material effect on the value, or reputation, or social licence of any member of the Group • an error in the Group’s financial statements which requires a material downward restatement • personal performance and leadership behaviour of a participant, of their product group, or of the Group, which does not justify vesting; or where the participant