Telstra Group Director Vicki Brady Receives 1,079,375 Rights in FY26 STI and FY27 LTI Allocations

Shwetambri Chauhan

05 November 2026 04:21 PM AEDT

Telstra Group Director Vicki Brady Receives 1,079,375 Rights in FY26 STI and FY27 LTI Allocations

Image Source: Krish Capital Pty Ltd

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Telstra Group Limited (ASX:TLS) has disclosed a change in the director's interest of Vicki Maree Brady, following the allocation of 290,500 Restricted Share Rights under the FY26 Short Term Incentive plan and 788,875 Performance Rights under the FY27 Long Term Incentive Plan, with both allocations recorded on 29 October 2026.

Key Points

Director Vicki Maree Brady received 290,500 FY26 STI Restricted Share Rights on 29 October 2026, comprising two equal tranches eligible to vest on 30 June 2027 and 30 June 2028 respectively.
Brady also received 788,875 FY27 LTI Performance Rights in two equal tranches, with Tranche 1 subject to a ROIC performance condition over three years and Tranche 2 subject to an RTSR performance condition over four years.
Following the change, Brady's direct Performance Rights holding stands at 2,970,045, with a new direct Restricted Share Rights holding of 290,500.
No consideration was paid for the allocations, as they form part of Brady's variable remuneration.

FY26 STI Restricted Share Rights Allocation

According to the filing, Vicki Maree Brady was allocated 290,500 Restricted Share Rights under Telstra's FY26 Short Term Incentive arrangement on 29 October 2026. These rights are structured in two equal tranches, with the first tranche eligible to vest on 30 June 2027 and the second tranche eligible to vest on 30 June 2028. No cash consideration was paid for the allocation, as the filing states the rights form part of Brady's variable remuneration. Prior to this change, Brady's direct ordinary share holding was 1,988,855 shares, with an indirect holding of 640,230 shares, both of which remained unchanged.

FY27 Long Term Incentive Plan Performance Rights

The filing also discloses the allocation of 788,875 Performance Rights to Brady under Telstra's FY27 Long Term Incentive Plan on the same date of 29 October 2026. These Performance Rights are divided into two equal tranches. Tranche 1 is subject to testing against a Return on Invested Capital performance condition measured over three years, while Tranche 2 is subject to testing against a Relative Total Shareholder Return performance condition measured over four years. The filing directs readers to Telstra's 2026 Remuneration Report for further details on these performance conditions.

Director's Securities Position After Change

Following the allocations recorded on 29 October 2026, the filing states Brady's direct Performance Rights holding increased to 2,970,045, up from 2,181,170 prior to the change. A new holding of 290,500 direct Restricted Share Rights was also established. Brady's direct ordinary share holding of 1,988,855 and indirect ordinary share holding of 640,230 were not affected by the change. The previous director's interest notice for Brady was dated 21 August 2026. The filing was authorised for release by Craig Emery, Company Secretary of Telstra Group Limited.

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