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About your GLTR award

Global Long Term Retention (GLTR) awards are granted to employees in the Senior Management band, in July each year. The size of award is driven by an individual’s share target (a % of salary) and the outcome of the end of year Talent review. If you are granted an award, it will vest 50% after two years, with the remaining 50% after three years, subject to your continued employment during this period.

You can find out more by watching this short video.

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The details

Awards are typically made each year in July although occasionally an award will be made in February or November, so it’s possible that you might have more than one. Each award is different and you’ll have a statement for each one which you can find in EquatePlus.

The statement shows:

When your award was made and when it will vest

How many GLTR shares you’ve been awarded

The total value of your shares on the award date

How much could it be worth?

The total value of your award is made up of your GLTR shares, plus dividend equivalents. You can check the current value of your award on EquatePlus. Remember: the share price will also affect the value of the shares that you ultimately receive. If the share price goes up, the value will increase. If the share price falls, the value will go down.

You can also use the below calculator to see how much your Share Award could be worth. Enter your base salary, target share award, and end of year rating(s). Note that this calculator is only applicable to employees in the Senior Management band.

Your target share award (%)
Talent Rating
Critical Skills
% of base salary

No Award

Share award value

0

This calculator is based on a scenario where there is no change in working hours during the performance year. It shows your award value at grant and therefore doesn’t account for any changes in share price influencing its value at vest. Note this is not applicable to F Bands in Germany and VGSG

About vesting

As long as you remain employed by Vodafone, your GLTR award will vest (become yours) on the date(s) shown in EquatePlus. After this you’ll have two choices:

1. Keep your shares

We may need to sell some to cover any tax withholding obligations.

2. Sell your shares

Some of the sales proceeds may be used to cover tax withholding obligations and the remainder will be sent directly to your bank account.

The Share Plans team will be in touch to let you know when you have to make your decision. If you do nothing or miss the deadline, your shares will automatically be transferred to MyShareBank, less any taxes, and you can sell or transfer them any time you want.