| 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 2020 |
22,944,379
|
|
| Granted |
(856,756) |
|
| Balance at 31 March 2021 |
22,087,623
|
|
| Granted |
(597,927) |
|
| Balance at 31 March 2022 |
21,489,696
|
|
|
| Restricted Stock Unit Activity |
The following table summarizes the Company’s RSU activity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Units) |
Service
Vesting
(2001 Plan) |
|
Performance
Vesting
(LTIP) |
|
Market
Conditions (LTIP) |
|
Total |
|
Weighted
Average Fair
Value at Grant
Date (A$) |
| Outstanding at 31 March 2020 |
520,632
|
|
|
864,165
|
|
|
1,777,640
|
|
|
3,162,437
|
|
|
14.64
|
|
| Granted |
371,806 |
|
|
190,376 |
|
|
294,574 |
|
|
856,756 |
|
|
26.56 |
|
| Vested |
(245,385) |
|
|
(174,356) |
|
|
(722,156) |
|
|
(1,141,897) |
|
|
13.03 |
|
| Forfeited |
(53,567) |
|
|
(153,897) |
|
|
(63,136) |
|
|
(270,600) |
|
|
17.05 |
|
| Outstanding at 31 March 2021 |
593,486
|
|
|
726,288
|
|
|
1,286,922
|
|
|
2,606,696
|
|
|
19.01
|
|
| Granted |
233,443 |
|
|
141,015 |
|
|
223,469 |
|
|
597,927 |
|
|
41.73 |
|
| Vested |
(313,641) |
|
|
(248,202) |
|
|
(565,878) |
|
|
(1,127,721) |
|
|
14.96 |
|
| Forfeited |
(98,613) |
|
|
(327,397) |
|
|
(450,480) |
|
|
(876,490) |
|
|
27.73 |
|
| Outstanding at 31 March 2022 |
414,675
|
|
|
291,704
|
|
|
494,033
|
|
|
1,200,412
|
|
|
27.83
|
|
|
| Assumptions Used for Restricted Stock Grants |
The following table includes the assumptions used for RSU grants (market condition) valued:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vesting Condition: |
Market |
|
Market |
|
Market |
|
Market |
| |
FY22 |
|
FY22 |
|
FY21 |
|
FY21 |
| Date of grant |
27 Aug 2021 |
|
9 Sep 2021 |
|
15 Sep 2020 |
|
5 Nov 2020 |
| Dividend yield (per annum) |
2.0 |
% |
|
2.0 |
% |
|
— |
% |
|
1.3 |
% |
| Expected volatility |
40.0 |
% |
|
40.2 |
% |
|
39.2 |
% |
|
40.1 |
% |
| Risk free interest rate |
0.4 |
% |
|
0.4 |
% |
|
0.2 |
% |
|
0.2 |
% |
| Expected life in years |
3.0 |
|
2.9 |
|
2.9 |
|
2.8 |
| JHX stock price at grant date (A$) |
52.66 |
|
52.12 |
|
30.33 |
|
37.24 |
| Number of restricted stock units |
130,513 |
|
92,956 |
|
167,491 |
|
127,083 |
|
| Cash Settled Units Activity |
The following represents the activity related to the CSUs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY22 |
|
FY21 |
| Granted |
|
423,051 |
|
|
571,132 |
|
| Vested |
|
433,872 |
|
|
377,506 |
|
| Cancelled |
|
1,292,934 |
|
|
607,253 |
|
|