for the year ended 30 June 2022 FINANCIAL REPORT REMUNERATION REPORT (AUDITED) 44 Westgold Resources Limited Annual Report 2022 Executive Tranche Granted Grant date Fair value per option or right Total value at grant date Vesting date Expiry date Vested Lapsed/ forfeited L Smith 3 16,841 24/11/2020 $1.44 $24,250 30/06/2022 30/06/2022 – 16,841 3 16,841 24/11/2020 $2.15 $18,104 30/06/2022 30/06/2022 16,841 – 4 18,872 24/11/2020 $1.48 $28,006 30/06/2023 30/06/2023 – – 4 18,872 24/11/2020 $1.25 $23,665 30/06/2023 30/06/2023 – – 4 18,872 24/11/2020 $2.17 $40,895 30/06/2023 30/06/2023 – – 4 18,872 24/11/2020 $2.17 $40,895 30/06/2023 30/06/2023 – – 5 23,871 11/10/2021 $1.20 $28,550 30/06/2024 30/06/2024 – – 5 23,871 11/10/2021 $0.95 $22,701 30/06/2024 30/06/2024 – – 5 23,871 11/10/2021 $1.79 $42,705 30/06/2024 30/06/2024 – – 5 23,871 11/10/2021 $1.79 $42,705 30/06/2024 30/06/2024 – – SH Heng 5 25,281 11/10/2021 $1.20 $30,236 30/06/2024 30/06/2024 – – 5 25,281 11/10/2021 $0.95 $24,042 30/06/2024 30/06/2024 – – 5 25,281 11/10/2021 $1.79 $45,227 30/06/2024 30/06/2024 – – 5 25,281 11/10/2021 $1.79 $45,227 30/06/2024 30/06/2024 – – 1. These Rights were determined to vest and the shares were issued when the Board of Directors exercised their discretion to waive the service condition and award the employee the shares upon termination. The accounting expense pertaining to these instruments during the period has been included as part of the key management personnel’s share-based payment remuneration in table 1 above. Notes – Zepo’s Tranche 2 were granted in FY2019. – Zepo’s Tranche 3 were granted in FY2020. – Rights Tranche 4 were granted in FY2021 – Rights Tranche 5 were granted in FY2022 – Generally LTI’s lapse immediately on resignation, however the Board has the discretion to waive the service conditions and allow these LTI’s to vest. The value of the share-based payments granted during the period is recognised in compensation over the vesting period of the grant. For details on the valuation of the options, including models and assumptions used, please refer to Note 29.
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