Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 299

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 299
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 resources to ensure we comply with governance and regulatory requirements &#8226; Retain focus on the talent and culture agenda across Group Finance Performance measure Weighting Metrics 2025-2027 LTIP awards and performance measures The Committee decided to grant awards under the 2025-2027 LTIP cycle to C.S. Venkatakrishnan and Anna Cross with face values at grant equal to 550% and 500% of their new salaries of &pound;1,590,000 and &pound;950,000 respectively, subject to approval of the new DRP and amendment to the LTIP rules at the 2025 AGM. The grant of these awards will be deferred until after the AGM, so will take place in June 2025. These share-based awards ensure alignment with future performance over the three-year assessment period, as well as share price alignment over the long release period (up to eight years from date of grant). For the 2025-2027 LTIP, changes were made to the financial and non-financial performance measures compared to the 2024-2026 LTIP cycle granted early in 2024, in support of the new DRP. &#8211; Increasing the overall weighting of Financial measures from 70% to 75%, and within the Financial measures: &#8211; Increasing the weighting of the RoTE measure from 30% to 50%, given that it is the Group's principal financial metric and target as set out in the three-year plan. The measure will be based on average RoTE over the period 2026 and 2027. &#8211; Increasing the weighting of relative total shareholder return from 20% to 25%. &#8211; Removing the cost: income ratio measure as it is a supporting target and has been incorporated into the 2025 annual bonus. &#8211; Removing the CET1 ratio measure, which is an important supporting target but considered more of an underpinning measure. The CET1 ratio is used as an underpin to the Profit before tax measure in the 2025 annual bonus. &#8211; Reducing the weighting of Strategic non-financial measures from 30% to 25%, and within the Strategic non-financial measures: &#8211; Focusing the measures to longer-term strategic priorities relating to Sustainability, customers & clients, with an aggregate weighting of 25%. &#8211; The Group's sustainability targets are longer term, through to 2050, and the