BlueScope Steel director Mark Vassella granted equity in 2025

Mark Vassella, a director at BlueScope Steel Limited, received a substantial equity grant on December 10, 2025, according to an Appendix 3Y filing. The grant included 85,414 Alignment Rights under the FY26 Alignment Rights Award and 56,942 Share Rights under the FY26 Short Term Incentive Plan Award. These awards were approved by shareholders at the 2025 Annual General Meeting (AGM), as detailed in the Notice of AGM lodged with ASX on October 2, 2025. No payment was required from Vassella for the allocation of these rights under the terms of the Long Term Incentive Plan and Short Term Incentive Plan.

Following this change, Vassella's direct holding remains at 207,785 ordinary shares, while his indirect holding through Allessav Nominees Pty Ltd (his family trust) stands at 925,996 ordinary shares. His unvested equity now includes 97,992 Alignment Rights for the FY24 award and 97,973 Alignment Rights for the FY25 award, both subject to performance hurdles.

The newly granted 85,414 Alignment Rights for the FY26 award and 56,942 Share Rights for the FY26 Short Term Incentive Plan Award are also unvested and subject to achieving specific performance hurdles. This equity compensation aligns the director's interests with the company's long-term performance objectives.