Diageo caps annual long-term incentive awards at 650% of basic salary
DEO•Diageo’s updated 2023 Long Term Incentive Plan rules cap annual awards at 650% of basic salary per participant. Awards normally vest after three years, and employee share plans are subject to a 10% share-issuance limit over 10 years.
1. Updated plan rules
Diageo published updated rules for its 2023 Long Term Incentive Plan, with shareholders approving amendments on November 5, 2026. Executive directors normally face an additional two-year holding period after the three-year vesting period; the remuneration committee can adjust vesting upward or downward, including to zero, and apply malus or clawback.
