Business
Add as a preferred source on GoogleThe proposed package would put Trott’s target remuneration at $13.06 million.
At $13.06 million, the proposed target remuneration package for Rio Tinto CEO Simon Trott would be 56% higher under the terms the board has put forward.
The proposal concerns Trott’s target remuneration package, not a reported change to pay already in effect.
The letter separately provides a $1.525 million cash signing bonus and equity awards valued at $10 million on their grant date.
The fixed rate takes effect Nov. 16, and Ronge’s 2026 pay will be prorated; her package excludes annual and multiyear variable compensation.
Bloomberg’s Billionaires Index estimated 286.4 million restricted shares were worth more than $110 billion; Tesla and SpaceX have disclosed no merger price or shareholder consideration.
