Goodman Group grants substantial employee equity under long term incentive plan

On October 2, 2025, Goodman Group advised the ASX of the grant of 12,532,700 Performance Rights under its Long Term Incentive Plan (LTIP). This total comprises 10,222,700 five-year Performance Rights and 2,310,000 ten-year Performance Rights, both granted on September 30, 2025, to eligible employees. These rights convert into Goodman Group stapled securities without payment upon vesting.

Vesting of these Performance Rights is contingent upon meeting specific conditions, including Total Securityholder Return (TSR) and Operating Earnings Per Security (EPS) performance hurdles, a sustainability condition, and an employment condition. The TSR hurdle accounts for 25% of each grant, while the Operating EPS hurdle accounts for the remaining 75%. The five-year Performance Rights will vest in three equal tranches annually between September 2028 and 2030, and the ten-year Performance Rights will vest in seven equal tranches annually between September 2029 and 2035.

The Operating EPS targets for the five-year rights range from 140.5 cps (threshold) to 161.4 cps (upper level) in FY28, and for the ten-year rights, from 149.0 cps (threshold) to 179.1 cps (upper level) in FY29. Additionally, a sustainability condition allows the board discretion to lapse up to 20% of rights tied to the Operating EPS hurdle if there is material underperformance against set sustainability targets in areas like renewable energy and climate risk mitigation.