Insignia Financial adjusts CEO's variable pay structure for FY26

Insignia Financial Ltd has announced a variation to chief executive Scott Hartley’s variable incentive remuneration, commencing FY26, acknowledging his strong performance and leadership in executing the 2030 strategy. Hartley's total fixed remuneration remains unchanged at $1,381,238, comprising $1,351,238 cash and $30,000 superannuation.

The changes include an increase in the short-term variable reward (STVR) target proportion from 59.5% to 80% of TFR, with the maximum STVR opportunity rising from 74.4% to 120% of TFR. The long-term variable reward (LTVR) structure has been reshaped to include LTVR Fixed, vesting after a three-year performance period, and LTVR Deferred, vesting over years 4, 5, and 6, with adjustments based on actual STVR outcomes to maintain value.

This new LTVR structure offers a lower target (100% versus 110.5%) but an increased maximum opportunity (110.5% to 132%), aligning executive reward with in-year and three-year performance, and emphasizing deferral and equity in line with prudential requirements.