Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 297

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 297
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 support the key strategic objectives of the Group. In support of our new DRP, and reflecting shareholder feedback, several changes were made to the 2025 annual bonus measures compared to those for 2024, to more closely align these with the priorities set out under our three-year plan. For the 2025 annual bonus, the amendments made to the performance measures (compared to the 2024 annual bonus) include: &#8211; Increasing the overall weighting of Financial measures from 60% to 65%, and within the Financial measures: &#8211; Increasing the weighting of Profit before tax from 50% to 55%, since it is a principal financial measure and key building block to RoTE. &#8211; Replacing total operating expenses with cost: income ratio, at the same 10% weighting, which is a secondary target for the Group as set out in the three-year plan. &#8211; Replacing Personal objectives with Strategic objectives, focused on the priorities set out as part of our three-year plan, with an increase in weighting from 15% to 20%. &#8211; The above changes have been achieved by reducing the weighting of Strategic non-financial measures from 25% to 15%, and within the Strategic non-financial measures: &#8211; Removing the climate / sustainability category (previously 5%) from the annual bonus, so Sustainability measures are now focused in the LTIP, as progress on these is best assessed over a multi-year period. &#8211; Reducing the weighting of the Risk & operational excellence measure from 10% to 5%. The performance measures and weightings that result are shown below: Financial measures Profit before tax (with CET1 underpin1) (excluding material items2) 55% A performance target range has been set for this financial measure, which will be disclosed in the next Remuneration report. Cost: income ratio (excluding material items)2 10% A performance target range has been set for this financial measure, which will be disclosed in the next Remuneration report. 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 15%. The measures are organised around two categories and will likely include the following: Customers, clients & colleagues 10% Driving world-class outcomes for customers and clients &#