| Share Based Payment Arrangements |
The Group had the following employee share ownership plans in place as at 30 June 2026:
|
Plans
|
Recipients
|
Outstanding awards
|
|
Recurring
|
|
|
|
Deferred Short-Term Incentive Plan (1)
|
Executive KMP and eligible employees
|
FY25, FY26
|
|
Employee Share Plan (2)
|
Eligible employees
|
FY25, FY26
|
|
Long-Term Incentive Plan (3)
|
Executive KMP and eligible employees
|
FY25, FY26
|
|
Non-recurring
|
|
|
|
Piedmont Stock Incentive Plan (4)
|
Eligible
employees
|
|
|
(1)
|
Outstanding awards granted on 28 November 2024 and 21 November 2025 respectively, with vesting subject to service conditions only as annual performance hurdles were assessed at 30 June
2025 and 30 June 2026 respectively.
|
|
(2)
|
Outstanding awards granted on 31 December 2024
and 12 December 2025 respectively, with vesting subject to service conditions only.
|
|
(3)
|
Outstanding awards granted on 28 November 2024 and 21 November 2025 respectively, with vesting subject to performance and service conditions.
|
|
(4)
|
Outstanding awards granted on 29 August 2025,
with vesting subject to service conditions only.
|
|
| Reconciliation of Outstanding Equity Rights |
Year ended 30 June 2026
|
|
Equity rights
at beginning
of the year
|
|
|
Granted
during
the year
|
|
|
Vested
during
the year
|
|
|
Forfeited /
lapsed
during
the year
|
|
|
Other net
changes (1)
|
|
|
Equity rights
at end
of the year
|
|
|
Recurring
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY24 Deferred STI Awards
|
|
|
3,409,320
|
|
|
|
–
|
|
|
|
(22,730
|
)
|
|
|
–
|
|
|
|
(3,386,590 |
) |
|
|
–
|
|
|
FY25 Deferred STI Awards
|
|
|
44,645,160
|
|
|
|
–
|
|
|
|
(35,281
|
)
|
|
|
(18,419
|
)
|
|
|
(44,347,524 |
) |
|
|
243,936
|
|
| FY26 Deferred STI Awards |
|
|
– |
|
|
|
400,166 |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
400,166 |
|
|
FY25 Employee Share Awards
|
|
|
74,314,040
|
|
|
|
2,160
|
|
|
|
(217,230
|
)
|
|
|
(2,040,677
|
)
|
|
|
(71,856,006 |
) |
|
|
202,287
|
|
| FY26 Employee Share Awards |
|
|
– |
|
|
|
76,417 |
|
|
|
– |
|
|
|
(8,623 |
) |
|
|
– |
|
|
|
67,794 |
|
|
FY25 LTI Awards
|
|
|
95,304,360
|
|
|
|
–
|
|
|
|
–
|
|
|
|
(14,678
|
)
|
|
|
(94,668,994 |
) |
|
|
620,688
|
|
FY26 LTI Awards
|
|
|
– |
|
|
|
931,403 |
|
|
|
– |
|
|
|
(6,462 |
) |
|
|
– |
|
|
|
924,941 |
|
|
Non-recurring
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY24 Transitional Management Incentive Awards
|
|
|
49,987,640
|
|
|
|
–
|
|
|
|
(333,260
|
)
|
|
|
–
|
|
|
|
(49,654,380 |
) |
|
|
–
|
|
Piedmont Replacement Share Awards (2)
|
|
|
– |
|
|
|
748,826 |
|
|
|
(693,416 |
) |
|
|
(9,160 |
) |
|
|
– |
|
|
|
46,250 |
|
|
Total outstanding rights
|
|
|
267,660,520
|
|
|
|
2,158,972
|
|
|
|
(1,301,917
|
)
|
|
|
(2,098,019
|
)
|
|
|
(263,913,494 |
) |
|
|
2,506,062
|
|
|
(1)
|
On 22 September 2025, the Company
consolidated the number of rights on issue on a 150:1 basis, resulting in the conversion of every 150 rights into one right.
|
|
(2)
|
The Piedmont Replacement Share Awards
are managed separately to all other awards granted under the Company’s shareholder approved Employee Share and Option Plan. These awards are managed under the terms of the Piedmont Stock Incentive Plan. The Company has been
granted a waiver from ASX Listing Rule 6.23.4 to enable these awards to be settled through the allocation of shares in Elevra Lithium Limited. As such, these awards have not been included in the total number of unquoted equity
securities disclosed to the ASX.
|
|
| Reconciliation of Outstanding Options |
Year ended 30 June 2026
|
|
Equity rights
at beginning
of the year
|
|
|
Granted
during
the year
|
|
|
Exercised
during
the year
|
|
|
Forfeited /
lapsed
during
the year
|
|
|
Other net
changes (1)
|
|
|
Equity rights
at end
of the year
|
|
|
Non-recurring
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity-Settled Services (2)
|
|
|
2,234,482
|
|
|
|
–
|
|
|
|
–
|
|
|
|
(14,897
|
)
|
|
|
(2,219,585 |
) |
|
|
–
|
|
Piedmont Replacement Option Awards (3)
|
|
|
– |
|
|
|
2,153,470 |
|
|
|
(255,830 |
) |
|
|
– |
|
|
|
– |
|
|
|
1,897,640 |
|
|
Non-share based payments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity-Settled Transactions (4)
|
|
|
– |
|
|
|
413,874,978 |
|
|
|
– |
|
|
|
– |
|
|
|
(405,818,300 |
) |
|
|
8,056,678 |
|
|
Total outstanding options
|
|
|
2,234,482
|
|
|
|
416,028,448
|
|
|
|
(255,830
|
)
|
|
|
(14,897
|
)
|
|
|
(408,037,885 |
) |
|
|
9,954,318
|
|
|
(1)
|
On 22 September 2025, the Company consolidated the number of options on issue on a 150:1
basis, resulting in the conversion of every 150 options into one option. The exercise price of the options was adjusted
in inverse proportion to the consolidation ratio.
|
|
(2)
|
Equity-settled services relate to options granted to Jett Capital Advisors, LLC in
respect of corporate advisory services undertaken for the Group. Options were granted on 28 November 2022 and lapsed on 28 November 2025.
|
|
(3)
|
The Piedmont Replacement Option
Awards are managed separately to all other awards granted under the Company’s shareholder approved Employee Share and Option Plan. These awards are managed under the Piedmont Stock Incentive Plan. The Company has been
granted a waiver from ASX Listing Rule 6.23.4 to enable these awards to be settled through the allocation of shares in Elevra Lithium Limited. As such, these awards have not been included in the total number of unquoted
equity securities disclosed to the ASX.
|
|
(4)
|
Equity-settled transactions relate
to options granted to Resource Capital Fund VIII L.P. and Waratah Capital Advisors Ltd.
|
|