| Summary of Stock Options Available for Grant |
The following table summarizes the Company’s shares available for grant as options, RSUs or other equity instruments under the LTIP and 2001 Plan:
|
|
|
|
|
|
|
Shares
Available for
Grant |
| Balance at 31 March 2019 |
23,744,816
|
|
| Granted |
(800,437) |
|
| Balance at 31 March 2020 |
22,944,379
|
|
| Granted |
(856,756) |
|
| Balance at 31 March 2021 |
22,087,623
|
|
|
| Restricted Stock Unit Activity |
The following table summarizes the Company’s RSU activity:
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|
|
| (Units) |
Service
Vesting
(2001 Plan) |
|
Performance
Vesting
(LTIP) |
|
Market
Conditions (LTIP) |
|
Total |
|
Weighted
Average Fair
Value at Grant
Date (A$) |
| Outstanding at 31 March 2019 |
910,386
|
|
|
1,148,022
|
|
|
2,203,100
|
|
|
4,261,508
|
|
|
14.47
|
|
| Granted |
24,006 |
|
|
273,258 |
|
|
503,173 |
|
|
800,437 |
|
|
18.08 |
|
| Vested |
(304,591) |
|
|
(207,271) |
|
|
(362,973) |
|
|
(874,835) |
|
|
16.21 |
|
| Forfeited |
(109,169) |
|
|
(349,844) |
|
|
(565,660) |
|
|
(1,024,673) |
|
|
15.21 |
|
| Outstanding at 31 March 2020 |
520,632
|
|
|
864,165
|
|
|
1,777,640
|
|
|
3,162,437
|
|
|
14.64
|
|
| Granted |
371,806 |
|
|
190,376 |
|
|
294,574 |
|
|
856,756 |
|
|
26.56
|
|
| Vested |
(245,385) |
|
|
(174,356) |
|
|
(722,156) |
|
|
(1,141,897) |
|
|
13.03
|
|
| Forfeited |
(53,567) |
|
|
(153,897) |
|
|
(63,136) |
|
|
(270,600) |
|
|
17.05
|
|
| Outstanding at 31 March 2021 |
593,486
|
|
|
726,288
|
|
|
1,286,922
|
|
|
2,606,696
|
|
|
19.01
|
|
|
| Assumptions Used for Restricted Stock Grants |
The following table includes the assumptions used for RSU grants (market condition) valued:
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| Vesting Condition: |
Market |
|
Market |
|
Market |
|
Market |
|
Market |
| |
FY21 |
|
FY21 |
|
FY20 |
|
FY20 |
|
FY20 |
Date of grant1
|
15 Sep 2020 |
|
5 Nov 2020 |
|
25 Feb 2020 |
|
20 Sep 2019 |
|
9 Aug 2019 |
| Dividend yield (per annum) |
— |
% |
|
1.3 |
% |
|
2.9 |
% |
|
3.1 |
% |
|
3.1 |
% |
| Expected volatility |
39.2 |
% |
|
40.1 |
% |
|
26.6 |
% |
|
26.6 |
% |
|
27.8 |
% |
| Risk free interest rate |
0.2 |
% |
|
0.2 |
% |
|
1.2 |
% |
|
1.6 |
% |
|
1.6 |
% |
| Expected life in years |
2.9 |
|
2.8 |
|
2.5 |
|
2.9 |
|
2.0 |
| JHX stock price at grant date (A$) |
30.33 |
|
37.24 |
|
29.54 |
|
24.69 |
|
21.68 |
| Number of restricted stock units |
167,491 |
|
127,083 |
|
6,676 |
|
477,979 |
|
18,518 |
|
| Cash Settled Units Activity |
The following represents the activity related to the CSUs:
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
FY21 |
|
FY20 |
| Granted |
|
571,132 |
|
|
791,217 |
|
| Vested |
|
377,506 |
|
|
129,549 |
|
| Cancelled |
|
607,253 |
|
|
328,935 |
|
|