CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION Share Options – 2024 Financial Year Movement The table below outlines the movement of the Share Options held by each Senior Executive KMP during the 2024 financial year: Name Opening Balance Granted Lapsed Exercised Closing Balance Vested & exercisable B Griffin1 587,365 294,118 – – 881,483 – M Di Silvio 533,906 171,397 – – 705,303 – 1,121,271 465,515 – – 1,586,786 – Note 1: Mr Griffin serves as Executive Chair of Sheffield. Options are being held by Farview Solutions Limited (Farview). Mr Griffin is a Director and controlling shareholder of Farview. The grant of Share Options to Senior Executive KMPs described in the above table are aligned with relative Compound Annual Growth Rate (CAGR) share price performance compared to the S&P/ASX300 Materials Index, spanning a three year period. Performance Rights – 2024 Financial Year Movement The table below outlines the movement of the Performance Rights held by each Senior Executive KMP during the 2024 financial year: Name Opening Balance Granted Lapsed Exercised Closing Balance Vested & exercisable B Griffin1 1,776,195 183,824 (13,455) (126,376) 1,820,188 – M Di Silvio 2,319,805 114,265 (12,672) – 2,421,398 625,315 4,096,000 298,089 (26,127) (126,376) 4,241,586 625,315 Note 1: Mr Griffin serves as Executive Chair of Sheffield. Performance Rights are being held by Farview Solutions Limited (Farview). Mr Griffin is a Director and controlling shareholder of Farview. Detail relating to the Performance Rights: 298,089 Performance Rights were granted to Senior Executive KMPs, in the form of Short Term Incentives for the 2024 financial year. No Long Term Incentive Performance Rights were granted to Senior Executive KMPs during the year, with the triennium cycle ending on 30 June 2024 and the next grant of Long Term Incentive Performance Rights scheduled in the 2025 financial year. 245,399 Short Term Incentive Performance Rights vested in favour of Senior Executive KMPs, following the measurement of the 2023 financial year performance outcomes. Of this amount, 126,376 Performance Rights were exercised, with a further 119,023 made available for exercise. The next LTI Performance Right and Share Option vesting event is subject to testing, following the completion of the 2024 financial year. SECTON 7: NON-EXECUTIVE DIRECTORS’ REMUNERATION The structure of Non-Executive Director and Senior Executive KMP remuneration is separate and distinct. Shareholders approve the aggregate or total fees payable to Non-Executive Directors, with the current approved limit being $600,000 (excluding share-based payments). The fees paid to Non-Executive Directors are set at levels that reflect both the responsibilities of, and the time commitments required from each Non-Executive Director to discharge their duties and are not linked to the performance of the Company. All Non-Executive Directors have their indemnity insurance paid by the Company. Non-Executive Directors receive fixed remuneration consisting of a base fee and any applicable statutory superannuation contributions as set out below: 2024 $ 2023 $ Base fees, including statutory superannuation Lead Independent Non-Executive Director 111,000 110,500 Other Non-Executive Directors 88,800 88,400 33 Sheffield Resources Limited Annual Report 2024
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