Telstra Group Issues 8,032,922 Performance Rights to KMP and Executives on 29 October 2026

Shwetambri Chauhan

05 November 2026 04:27 PM AEDT

Telstra Group Issues 8,032,922 Performance Rights to KMP and Executives on 29 October 2026

Image Source: Krish Capital Pty Ltd

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Telstra Group Limited (ASX:TLS) has disclosed the issue of 8,032,922 unquoted performance rights dated 29 October 2026, with securities issued to eight members of key management personnel and non-KMP executives under the company's employee incentive scheme, according to an Appendix 3G filing dated 5 November 2026.

Key Points

8,032,922 performance rights (ASX security code TLSAA) were issued on 29 October 2026 and are not intended to be quoted on ASX.
Securities were issued to eight named key management personnel, with Vicki Brady receiving the largest allocation of 1,079,375 rights, held via Growthshare Trustee.
The filing notes that 100,451 Restricted Share Rights issued to non-KMP executives earlier in 2026 were not previously notified to ASX due to an administrative oversight and have been included in this Appendix.
Following the issue, total unquoted TLSAA performance rights on issue stand at 18,247,417.

Performance Rights Issue Details

The 8,032,922 performance rights were issued on 29 October 2026 under ASX security code TLSAA and are classified as other securities issued under an employee incentive scheme not intended to be quoted on ASX. The filing states that the term "Performance Rights" captures both Restricted Share Rights and Performance Rights for the purposes of this Appendix. The securities were issued under an exception in Listing Rule 7.2, specifically exception 15, and therefore did not require security holder approval under Listing Rule 7.1. The securities rank equally in all respects from their issue date with existing issued securities in that class, according to the filing.

Key Management Personnel Allocations

All KMP allocations are held via Growthshare Trustee. Chief Executive Officer Vicki Brady received 1,079,375 performance rights, the largest individual allocation disclosed. Michael Ackland was allocated 606,996, Kim Krogh Andersen received 585,607, Brad Whitcomb was issued 540,114, Oliver Camplin-Warner received 497,174, Steven Worrall was allocated 489,742, Amanda Hutton received 487,205, and Kathryn van der Merwe was issued 469,224 performance rights. The filing identifies all eight individuals as key management personnel or associates.

Administrative Oversight and Securities on Issue

The filing discloses that 100,451 Restricted Share Rights issued to non-KMP executives earlier in 2026 were not notified to ASX at the time of their issue due to an administrative oversight. Those rights have been included in this Appendix 3G notification. Following the issue, total unquoted TLSAA performance rights on issue amount to 18,247,417. Quoted securities on issue include 11,092,460,473 ordinary fully paid shares (ASX:TLS), along with several classes of notes. Terms of the employee incentive scheme are referenced in Telstra's 2026 Remuneration Report.

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