ANNUAL Report June 2024 Directors’ Report 10 Short-term benefits Postemployment benefits $ Share-based payments 2023 Salary & fees $ Nonmonetary benefits $ Leave provisions $ Shares $ Performance rights and options1 $ Total $ % Performance based Directors O. Kleinhempel 48,000 - - - - 37,967 85,967 44.2% S. Layton 48,000 - - - - 19,150 67,150 28.5% R. Morrow 48,000 - - - - 19,150 67,150 28.5% Z.P. Yeo 48,000 - - - - 19,150 67,150 28.5% Executives K.B. MacNeill 300,000 15,661 25,991 - 25,413 367,065 6.9% Total KMP compensation 492,000 15,661 25,991 - - 120,830 654,482 Performance rights and options do not represent cash payment to Directors or senior executives, and performance rights/options granted may or may not be exercised by the Directors or executives. (d) Cash Bonuses No cash bonuses were paid during the reporting period. (e) Equity Instruments The Company rewards Directors and executives for their performance and aligns their remuneration with the creation of shareholder wealth by issuing shares, options or performance rights. Share-based compensation is at the discretion of the Board, and no individual has an unconditional contractual right to participate in any share-based plan or receive any guaranteed benefits. (i) Shareholdings The trading of shares issued pursuant to the Company’s Equity Incentive Plan is subject to the Company’s Securities Trading Policy. Key Management Personnel and employees are encouraged not to trade shares granted to align the Director, Key Management Personnel and employee interests with all shareholders' interests. Details of equity instruments (other than options and rights) held directly, indirectly or beneficially by Key Management Personnel and their related parties are as follows: 30 June 2024 Balance at 1 July 2023 Granted as compensation Received on exercise of Performance Rights/ Options Other Changes Balance at 30 June 2024 Balance held nominally Directors O. Kleinhempel 20,033,600 - 2,000,000 - 22,033,600 - S. Layton 55,431,559 - - - 55,431,559 - R. Morrow 5,991,471 - 1,000,000 - 6,991,471 - S. Weir - - - - - - Z.P. Yeo 71,482,310 - 2,000,000 - 73,482,310 - Executives K.B. MacNeill 4,161,789 - - (690,000) 3,471,789 - 157,100,729 - 5,000,000 (690,000) 161,410,729 - Directors’ Report continued 76 EQ Resources Limited Annual Report 2024
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