Westgold Resources Limited Annual Report 2020

49 Westgold Resources Limited Annual Report 2020 Executive Tranche Granted Grant date Fair value per option Total value at grant date Vesting date Expiry date Vested Lapsed PW Wilding 1 27,134 23/05/2019 $0.22 6,078 30/06/2020 30/06/2022 – 27,134 1 27,134 23/05/2019 $1.34 18,248 30/06/2020 30/06/2022 – 27,134 2 27,134 23/05/2019 $0.31 8,303 30/06/2021 30/06/2023 – – 2 27,134 23/05/2019 $1.34 18,248 30/06/2021 30/06/2023 – – 3 23,867 07/05/2020 $1.44 34,368 30/06/2022 30/06/2022 – – 3 23,867 07/05/2020 $2.15 25,657 30/06/2022 30/06/2022 – – RB Armstrong 1 27,134 23/05/2019 $0.22 6,078 30/06/2020 30/06/2022 – 27,134 1 27,134 23/05/2019 $1.34 18,248 30/06/2020 30/06/2022 – 27,134 2 27,134 23/05/2019 $0.31 8,303 30/06/2021 30/06/2023 – – 2 27,134 23/05/2019 $1.34 18,248 30/06/2021 30/06/2023 – – DJ Noort 1 33,917 23/05/2019 $0.22 7,597 30/06/2020 30/06/2022 – 33,917 1 33,918 23/05/2019 $1.34 22,810 30/06/2020 30/06/2022 – 33,918 2 33,917 23/05/2019 $0.31 10,379 30/06/2021 30/06/2023 – 33,917 2 33,918 23/05/2019 $1.34 22,810 30/06/2021 30/06/2023 – 33,918 DW Okeby 1 22,611 23/05/2019 $0.22 5,065 30/06/2020 30/06/2022 – 22,611 1 22,612 23/05/2019 $1.34 15,207 30/06/2020 30/06/2022 – 22,612 2 22,611 23/05/2019 $0.31 6,919 30/06/2021 30/06/2023 – 22,611 2 22,612 23/05/2019 $1.34 15,207 30/06/2021 30/06/2023 – 22,612 Notes – Tranche 1 and 2 were granted in FY2019. – Tranche 1 lapsed in FY2020. – Tranche 3 was granted in FY2020; Tranche 3 options granted to the Executive Chairman are subject to shareholder approval. – ZEPOs lapse immediately on resignation. 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.