REA Group Ltd Annual Report 2021

Remuneration Report continued REA Group Ltd | Annual Report 2021 5. Executive remuneration components (continued) 5.6 Executive remuneration table Details of the remuneration paid to KMP for the 2021 and 2020 financial years are set out as follows: Short term employee benefits KMP Salary STI Plan 1 Other Post-em- ployment benefits Long term employee benefits Deferred STI Plan 2, 3 LTI Plan 4 Total Perfor- mance related % LTIP % OWilson 2021 1,378,306 1,128,855 – 21,964 63,058 483,795 1,287,130 4,363,108 66% 30% 2020 1,278,997 640,000 – 21,014 33,021 – -190,060 1,782,972 25% 0% J Hopkins 2021 848,306 662,074 – 21,964 4,323 309,868 419,724 2,266,259 61% 19% 2020 848,997 350,000 150,000 21,014 2,679 100,000 125,449 1,598,139 36% 8% Total 2021 2,226,612 1,790,929 – 43,928 67,381 793,663 1,706,854 6,629,367 65% 26% 2020 2,127,994 990,000 150,000 42,028 35,700 100,000 64,611 3,381,111 33% 1% 1 STI Plan represents accrued payment for the current year net of under/over accrual from prior year. 2 Deferred STI Plan represents restricted shares awarded in the FY21 STI net of under/over accrual from prior year. 3 Deferred STI for 2020 includes $100,000 of restricted shares for J Hopkins awarded in the FY20 STI. 4 LTI Plan represents accrued expenses amortised over vesting period of grant. Refer to Note 18 of the Financial Statements. 6. Non-executive director remuneration 6.1 Policy Overview of policy The Board seeks to set the fees for the non-executive Directors at a level which provides the Company with the ability to attract and retain Directors of the highest calibre, whilst incurring a cost which is acceptable to shareholders. During 2021 the Board’s policy was that the Chairman and Directors – other than current News Corp employees – receive remuneration for their services as Directors. Promote independence and objectivity The Chairman and non-executive Director remuneration consists only of fixed fees (inclusive of superannuation). To preserve independence and impartiality, non-executive Directors do not receive any performance related compensation. Aggregate fees approved by shareholders The current aggregate fee pool for the non-executive Directors of $1,500,000 was approved by shareholders at the 2016 AGM. Board and Committee fees, as well as statutory superannuation contributions made on behalf of the non-executive Directors, are included in the aggregate fee pool. Regular reviews of remuneration The Chairman and non-executive Director fees are reviewed regularly and set and approved by the Board based on benchmarking, undertaken by external consultants, against other ASX companies of a comparable size. The last increases to Chairman and non‑executive Director fees were effective 1 July 2018. 58 Remuneration Report