Remuneration at a glance
Fixed pay and shareholding
Base salary
-
Wael Sawan (CEO)
£1,400,000
-
Sinead Gorman (CFO)
£925,000
Pension
The Executive Directors are eligible to participate in the defined contribution UK Shell Pension Plan with an employer contribution rate of 20% of salary or take this as a pension cash alternative, consistent with other new employees.
Benefits
Typically include car allowance, home-to-office transport, and medical insurance. Following their relocation to the UK, the Executive Directors received relocation support for their families' move to the UK and a temporary housing allowance that ended in 2023.
Shareholding
-
CEO
700%
-
CFO
500%
-
CEO
330%
-
CFO
182%
Annual bonus
2023 annual bonus
-
Wael Sawan
£2,710,000
-
Sinead Gorman
£1,720,000
2023 bonus scorecard outcome
-
Mathematical outcome:
1.58
-
Given the fatalities in 2023, this was reduced to:
1.55
No individual performance factor used in bonus calculation
Bonus delivery
Shares are subject to a three-year holding period which extends beyond an Executive Director's tenure.
Malus and clawback provisions apply.
Long-term Incentive Plan
2021 – 2023 LTIP vesting outcome
-
Wael Sawan
£2,600,667
-
Sinead Gorman
£834,061
Vesting outcome
Shares are subject to a three-year holding period which extends beyond an Executive Director's tenure.
Malus and clawback provisions apply.
Fixed pay and shareholding
Base salary
-
Wael Sawan (CEO)
£1,455,000
3.9%
-
Sinead Gorman (CFO)
£961,000
3.9%
Pension
No change for 2024.
Benefits
No change for 2024.
Shareholding
-
CEO
700%
-
CFO
500%
-
CEO
445%
-
CFO
261%
Annual bonus
Target % of base salary
-
Wael Sawan
125%
-
Sinead Gorman
125%
-
Wael Sawan
250%
-
Sinead Gorman
250%
Scorecard architecture
- [A]Equity liquefaction
Long-term Incentive Plan
Target awards % of base salary
-
Wael Sawan
300%
-
Sinead Gorman
270%
-
Wael Sawan
600%
-
Sinead Gorman
540%
Performance conditions
Performance against the relative performance conditions is assessed against other energy majors (BP, Chevron, ExxonMobil and TotalEnergies).