Lendlease Annual Report 2022

Governance 87 Total Remuneration Realised The table below presents the remuneration paid to, or vested for, Executives in respect of FY22. A comparison to FY21 has not been provided due to significant change in KMPs and the FY22 Executive Reward Strategy. A$’000 1 Unhurdled Hurdled Name Fixed Remuneration Previous years' RSA Previous years' deferred securities vested FY22 STA awarded Previous years' LTI / LTA awards Total Remuneration Realised Awards forfeited or lapsed Current Executives Anthony Lombardo 1,800 321 - 1,200 0 3,321 (2,400) Dale Connor 1,200 321 - 1,013 0 2,534 (1,767) Simon Dixon 2 750 - - 638 - 1,388 (413) Justin Gabbani 814 - 72 692 - 1,578 (448) Denis Hickey 1,528 321 - 1,176 0 3,025 (2,062) Frank Krile 1,000 - - 680 - 1,681 (440) Neil Martin 1,224 201 - 1,000 0 2,425 (1,401) 1. Remuneration is reported in AUD based on the 12 month average historic foreign exchange rates for FY22 (rounded to two decimal places): SGD 0.98 (applied to Justin Gabbani), USD 0.72 (applied to Denis Hickey) and GBP 0.55 (applied to Neil Martin). 2. Fixed Remuneration and FY22 STA awarded for Simon Dixon reflects time as a KMP (1 October 2021 to 30 June 2022). Definitions Fixed Remuneration Includes the TPV / Base Salary plus superannuation (where applicable) received during FY22. Previous years' RSA and security price growth / decline Includes the RSA that was granted in September 2019 and reached the end of the deferral period on 30 June 2022. The value reflects the number of securities multiplied by the security price at the end of the deferral period. 25 per cent of this award value will be released in September 2022 and the remaining 75 per cent will be released in three equal tranches in September 2023, 2024 and 2025, subject to malus provisions. Also includes the value of the distribution equivalent amounts paid as cash on the RSA. Previous years' deferred securities vested Includes deferred securities that are not subject to hurdles such as sign-on awards. The value reflects the number of securities that vested in FY21 multiplied by the grant price. FY22 STA awarded Reflects the STA awarded in relation to FY22 performance. 50 per cent of the FY22 STA is paid as cash in September 2022 and 50 per cent is deferred as Rights that will be released in two equal tranches after one and two years. Previous years' LTI / LTA awards Includes the 2020 LTA that reached the end of the performance period on 30 June 2022, vesting in September 2022. The value reflects the number of securities scheduled to vest multiplied by the grant price. Awards forfeited or lapsed The value reflects the maximum number of securities that were forfeited / lapsed in respect of FY22 multiplied by the grant price plus the value of the forfeited portion of the maximum FY22 STA.