XML 47 R85.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Long-Term Incentive Compensation - Compensation Plans (Details)
1 Months Ended 12 Months Ended 24 Months Ended
Apr. 30, 2019
£ / shares
Dec. 31, 2019
GBP (£)
£ / shares
Dec. 31, 2019
USD ($)
shares
Dec. 31, 2018
USD ($)
Dec. 31, 2018
£ / shares
Dec. 31, 2017
USD ($)
Dec. 31, 2017
£ / shares
Dec. 31, 2016
$ / shares
Dec. 31, 2019
USD ($)
shares
Dec. 31, 2019
£ / shares
Dec. 31, 2016
£ / shares
Share Plan                      
Performance hurdle related to Group TSR (as a percent)   95.00% 95.00%                
Performance hurdle related to risk and sustainability metrics (as a percent)   5.00% 5.00%                
Stock-based compensation plan expense     $ 73,700,000 $ 81,600,000   $ 66,800,000          
DEP Funds - Liability settled     57,500,000 54,900,000   41,400,000          
MFSA - liability settled     46,200,000 24,300,000   20,700,000          
Profits interests and other     (3,900,000) 18,400,000   12,300,000          
Social Security costs     10,800,000 9,400,000   10,300,000          
Total charge to the Consolidated Statements of Comprehensive Income     184,300,000 188,600,000   151,500,000          
Stock-based payments expense unrecognized     $ 59,600,000           $ 59,600,000    
Stock-based payments expense, weighted average years   1 year 7 months 6 days 1 year 7 months 6 days                
DEP Funds - Liability settled, Unrecognised compensation     $ 28,800,000                
MFSA - liability settled, Unrecognized compensation     30,100,000                
Profits interests, Unrecognized compensation     14,400,000                
Social security costs, Unrecognised compensation     19,100,000                
Total remaining charge to the Consolidated Statements of Comprehensive Income     $ 152,000,000.0                
DEP Funds - Liability settled   1 year 3 months 18 days 1 year 3 months 18 days                
MFSA - Liability settled   2 years 1 month 6 days 2 years 1 month 6 days                
Profits interests and other   4 years 6 months 4 years 6 months                
Social Security costs, weighted average years   10 months 24 days 10 months 24 days                
Weighted average years, remaining charge to comprehensive income   1 year 9 months 18 days 1 year 9 months 18 days                
Tranche 1                      
Share Plan                      
Additional holding period   2 years 2 years                
Tranche 2                      
Share Plan                      
Additional holding period   1 year 1 year                
Deferred Equity Plan                      
Share Plan                      
Stock-based compensation plan expense     $ 19,100,000 18,700,000   17,600,000          
Stock-based payments expense unrecognized     $ 13,500,000           13,500,000    
Stock-based payments expense, weighted average years   1 year 4 months 24 days 1 year 4 months 24 days                
Restricted Share Plan                      
Share Plan                      
Vesting period   3 years 3 years                
Stock-based compensation plan expense     $ 8,300,000 10,100,000   3,400,000          
Stock-based payments expense unrecognized     $ 6,800,000           6,800,000    
Stock-based payments expense, weighted average years   1 year 7 months 6 days 1 year 7 months 6 days                
Buy As You Earn Share Plan                      
Share Plan                      
Maximum deduction from the gross salary (monthly) | £   £ 150                  
Stock-based compensation plan expense     $ 2,100,000 3,000,000.0   3,200,000          
Stock-based payments expense unrecognized     $ 400,000           400,000    
Stock-based payments expense, weighted average years   6 months 6 months                
Sharesave Plan                      
Share Plan                      
Maximum deduction from the gross salary (monthly)     $ 312.50 312.50   312.50          
Option exercise price | $ / shares               $ 31.20      
Discount to the average share price   15.00% 15.00%                
Market price at grant date | £ / shares   £ 2.15     £ 4.99   £ 75.28        
Stock-based compensation plan expense     $ 100,000 $ 900,000   $ 800,000          
Stock-based payments expense unrecognized     $ 700,000           700,000    
Stock-based payments expense, weighted average years   2 years 2 years                
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares   £ 2.15     4.99   75.28        
Dividend yield (as a percent)   6.92% 6.92% 3.85%   3.99%          
Expected volatility (as a percent)   30.17% 30.17% 32.20%   32.13%          
Risk-free interest rate (as a percent)   0.55% 0.55% 0.70%   0.19%          
Expected life (in years)   3 years 3 years 3 years   3 years          
RSA                      
Share Plan                      
Stock-based compensation plan expense     $ 42,200,000 $ 44,900,000   $ 32,800,000          
Stock-based payments expense unrecognized     $ 37,900,000           37,900,000    
Stock-based payments expense, weighted average years   1 year 8 months 12 days 1 year 8 months 12 days                
Company Share Option Plan                      
Share Plan                      
Option exercise price | £ / shares             22.80       £ 26.10
Exercisable period after vesting   3 months 3 months                
Awards granted (in dollars)     $ 0                
Market price at grant date | £ / shares             33.43        
Stock-based compensation plan expense     300,000 600,000   $ 1,100,000          
Stock-based payments expense unrecognized     $ 100,000           100,000    
Stock-based payments expense, weighted average years   2 months 12 days 2 months 12 days                
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares             33.43        
Dividend yield (as a percent)           4.64%          
Expected volatility (as a percent)           32.41%          
Risk-free interest rate (as a percent)           0.27%          
Expected life (in years)           3 years          
US CSOP                      
Share Plan                      
Market price at grant date | £ / shares             32.81        
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares             32.81        
Dividend yield (as a percent)           4.64%          
Expected volatility (as a percent)           35.19%          
Risk-free interest rate (as a percent)           0.16%          
Expected life (in years)           2 years          
Executive Shared Ownership Plan                      
Share Plan                      
Market price at grant date | £ / shares             27.78        
Stock-based compensation plan expense     $ 300,000 800,000   $ 1,500,000          
Stock-based payments expense unrecognized     $ 100,000           100,000    
Stock-based payments expense, weighted average years   2 months 12 days 2 months 12 days                
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares             27.78        
Dividend yield (as a percent)           4.64%          
Expected volatility (as a percent)           32.41%          
Risk-free interest rate (as a percent)           0.27%          
Expected life (in years)           3 years          
2017 ExSOP                      
Share Plan                      
Vesting period   3 years 3 years                
Exercisable period after vesting   2 years 2 years                
Awards granted (in dollars)                 0    
Market price at grant date | £ / shares             22.62        
Hurdle price | £ / shares             24.90        
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares             22.62        
2016 ExSOP                      
Share Plan                      
Market price at grant date | £ / shares £ 26.14                    
Hurdle price | £ / shares 28.45                    
Black Scholes options pricing model                      
Fair value of options granted (pence) | £ / shares £ 26.14                    
LongTerm Incentive Plan                      
Share Plan                      
Option exercise price | £ / shares                   £ 0  
Stock-based compensation plan expense     $ 1,300,000 $ 2,600,000   $ 6,400,000          
Stock-based payments expense unrecognized     $ 100,000           $ 100,000    
Stock-based payments expense, weighted average years   2 months 12 days 2 months 12 days                
2013 LTIP                      
Share Plan                      
Vesting period   3 years 3 years                
Options exercise period   5 years 5 years                
2014 LTIP | Minimum                      
Share Plan                      
Vesting period   3 years 3 years                
2014 LTIP | Maximum                      
Share Plan                      
Vesting period   4 years 4 years                
2014 LTIP | Tranche 1                      
Share Plan                      
Awards to be vested (in percentage)               3.00%      
2014 LTIP | Tranche 2                      
Share Plan                      
Awards to be vested (in percentage)       3.00%              
2015 LTIP                      
Share Plan                      
Vesting period   3 years 3 years                
Award exercisable percentage from end of year four   33.00% 33.00%                
2015 LTIP | Tranche 1                      
Share Plan                      
Awards to be vested pre-Merger (in percentage)           25.00%          
Awards to be vested post-Merger (in percentage)           74.60%          
Monte Carlo Model                      
Share price at DoM   233.70% 233.70%                
Risk free discount rate   0.10% 0.10%                
Dividend yield   4.50% 4.50%                
Share price volatility   30.00% 30.00%                
Holding period adjustment   9.0 9.0                
Percentage based on pre-modification performance conditions   80.00% 80.00%                
2015 LTIP | Tranche 2                      
Share Plan                      
Awards to be vested pre-Merger (in percentage)       25.00%              
Awards to be vested post-Merger (in percentage)       35.50%              
Monte Carlo Model                      
Share price at DoM   233.70% 233.70%                
Risk free discount rate   0.10% 0.10%                
Dividend yield   4.50% 4.50%                
Share price volatility   30.00% 30.00%                
Holding period adjustment   6.2 6.2                
Percentage based on pre-modification performance conditions   60.00% 60.00%                
2016 LTIP                      
Share Plan                      
Vesting period   4 years 4 years                
Award exercisable percentage from end of year three   67.00% 67.00%                
Award exercisable percentage from end of year four   33.00% 33.00%                
2016 LTIP | Tranche 1                      
Share Plan                      
Awards to be vested pre-Merger (in percentage)       25.00%              
Awards to be vested post-Merger (in percentage)       35.50%              
Monte Carlo Model                      
Share price at DoM   233.70% 233.70%                
Risk free discount rate   0.10% 0.10%                
Dividend yield   4.50% 4.50%                
Share price volatility   30.00% 30.00%                
Holding period adjustment   9.0 9.0                
2016 LTIP | Tranche 2                      
Monte Carlo Model                      
Share price at DoM   233.70% 233.70%                
Risk free discount rate   0.10% 0.10%                
Dividend yield   4.50% 4.50%                
Share price volatility   30.00% 30.00%                
Holding period adjustment   6.2 6.2                
Relative TSR                      
Share Plan                      
Weight of awards criteria in performance conditions   50.00% 50.00%                
Relative TSR | 2015 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   50.00% 50.00%                
Relative TSR | 2015 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   118.96% 118.96%                
Relative TSR | 2015 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   124.11% 124.11%                
Relative TSR | 2016 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   50.00% 50.00%                
Relative TSR | 2016 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   120.98% 120.98%                
Relative TSR | 2016 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   123.64% 123.64%                
Relative investment performance                      
Share Plan                      
Weight of awards criteria in performance conditions   25.00% 25.00%                
Relative investment performance | 2015 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   25.00% 25.00%                
Relative investment performance | 2015 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   209.76% 209.76%                
Relative investment performance | 2015 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   206.59% 206.59%                
Relative investment performance | 2016 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   25.00% 25.00%                
Relative investment performance | 2016 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   200.42% 200.42%                
Relative investment performance | 2016 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   197.39% 197.39%                
Relative net income before tax growth                      
Share Plan                      
Weight of awards criteria in performance conditions   25.00% 25.00%                
Relative net income before tax growth | 2015 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   25.00% 25.00%                
Relative net income before tax growth | 2015 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   209.76% 209.76%                
Relative net income before tax growth | 2015 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   206.59% 206.59%                
Relative net income before tax growth | 2016 LTIP                      
Monte Carlo Model                      
Allocation of award (as a percent)   25.00% 25.00%                
Relative net income before tax growth | 2016 LTIP | Tranche 1                      
Monte Carlo Model                      
Allocation of award (as a percent)   200.42% 200.42%                
Relative net income before tax growth | 2016 LTIP | Tranche 2                      
Monte Carlo Model                      
Allocation of award (as a percent)   197.39% 197.39%                
FTSE 350                      
Share Plan                      
Weight of awards criteria in performance conditions   25.00% 25.00%                
ASX 100                      
Share Plan                      
Weight of awards criteria in performance conditions   25.00% 25.00%                
Net fund flows condition                      
Share Plan                      
Weight of awards criteria in performance conditions   15.00% 15.00%                
Investment performance condition                      
Share Plan                      
Weight of awards criteria in performance conditions   15.00% 15.00%                
Operating margin condition                      
Share Plan                      
Weight of awards criteria in performance conditions   15.00% 15.00%                
People strategy condition                      
Share Plan                      
Weight of awards criteria in performance conditions   10.00% 10.00%                
UK employees | Sharesave Plan                      
Share Plan                      
Vesting period   3 years 3 years                
Maximum deduction from the gross salary (monthly) | £   £ 500                  
Option exercise price | £ / shares         £ 20.16   £ 18.40     £ 14.76  
Discount to the average share price   20.00% 20.00%                
Average share price in prior period   5 days 5 days                
Exercisable period after vesting   6 months 6 months                
UK employees | Company Share Option Plan                      
Share Plan                      
Vesting period   3 years 3 years                
Exercisable period after vesting   2 years 2 years                
Maximum value of unvested options approved | shares     30,000           30,000