69 ANNUAL REPORT 2025 10. ADDITIONAL REMUNERATION DISCLOSURES Table 3: Rights and options over equity instruments granted as compensation All rights and options refer to rights and options over ordinary shares of Westgold Resources Limited, which are exercisable on a one-for-one basis. There were no options granted to KMPs as compensation during the current year. Performance rights that were granted as remuneration to each KMP during the current year and in previous years and which have vested during or remain outstanding at the end of the year are provided as follows: Rights Granted Number of rights to % Vested during the year Incentives Grant Date Fair Value at Grant Date Test Date WC Bramwell SH Heng AR Rankine PW Wilding 12 month service condition Tranche 6 RTSR 04/10/2022 $0.572 30/06/2025 115,570 83,723 – 92,204 64 ATSR 04/10/2022 $0.361 30/06/2025 115,570 83,723 – 92,204 100 AEPS 04/10/2022 $0.855 30/06/2025 115,570 83,723 – 92,204 100 Operational Growth 04/10/2022 $0.855 30/06/2025 38,523 27,906 – 30,733 50 Tranche 7 RTSR 09/10/2023 $1.176 30/06/2026 190,135 66,148 – 76,132 – ATSR 09/10/2023 $1.173 30/06/2026 190,135 66,148 – 76,132 – AEPS 09/10/2023 $1.695 30/06/2026 190,135 66,148 – 76,132 – Ore Reserve Growth 09/10/2023 $1.695 30/06/2026 190,136 66,146 – 76,132 – Tranche 8 RTSR 28/11/2024 $1.951 30/06/2027 125,121 40,520 35,930 – – ATSR 28/11/2024 $1.956 30/06/2027 125,121 40,520 35,930 – – AEPS 28/11/2024 $2.782 30/06/2027 125,121 40,520 35,930 – – Ore Reserve Growth 28/11/2024 $2.782 30/06/2027 125,120 40,518 35,931 – – Total 1,646,257 705,743 143,721 611,873 Value of rights granted during the year $1,185,018 $383,759 $340,296 – Notes The maximum exposure of the performance rights approximates the fair value per right. Unless the Board determines otherwise, on cessation of employment, all unvested LTI awards, together with any vested LTI awards that have not been exercised, will lapse. 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 27. In addition to a continuing employment service condition, vesting of the performance rights is conditional upon the Group achieving certain performance hurdles. Details of the performance criteria are included in the long-term incentives discussion on Section 5.3 Long Term Incentive (LTI) arrangements. The value of rights granted during the year is the fair value of the rights calculated at grant date. The total value of the rights granted is included in the table above. This amount is allocated to remuneration over the vesting period (i.e. in years 1 July 2024 to 30 June 2027). 580,527 performance rights were exercised and converted into shares during the year, of which 202,994 were issued to KMPs with the balance of 377,533 issued to other employees.
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