Diageo caps annual long-term incentive awards at 650% of basic salary
- Diageo published updated rules for its 2023 Long Term Incentive Plan, with shareholder approval of amendments dated November 5, 2026.
- Annual awards are capped at 650% of basic salary per participant.
- Awards normally vest after three years; executive directors face an additional two-year holding period unless grant terms specify otherwise.
- Share issuance across employee share plans is limited to 10% of ordinary share capital over 10 years.
- The remuneration committee can adjust vesting upward or downward, including to zero, and apply malus or clawback.
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