Westpac CEO alters shareholdings after reward vesting

Anthony James Miller, chief executive of Westpac Banking Corporation, saw a change in his direct and indirect security holdings on November 6, 2025. This change was due to the vesting and exercise of 2022 Long Term Variable Reward performance rights. A total of 63,210 performance rights vested and were exercised into Westpac fully paid ordinary shares, while 21,070 performance rights lapsed. The shares were valued at $39.71 per Westpac Fully Paid Ordinary Share at the time.

Prior to the change, Mr. Miller held 368,811 direct Share Rights and 261,171 direct Westpac fully paid ordinary shares. Following the transaction, his direct Share Rights decreased to 284,531, and his direct Westpac fully paid ordinary shares increased to 324,381.

Additionally, 168,615 ordinary fully paid shares were issued or transferred on November 6 and 7, 2025, to key management personnel. This included Mr. Miller (63,210 shares), Carolyn McCann (39,255 shares), and Donald Scott Collary (66,150 shares), as a result of the vesting of 2022 Long Term Variable Reward performance rights.