Helical chief executive Gerald Kaye received 60% of his possible annual bonus for the past year as part of a pay package of £2.1m.
Kaye’s basic salary remained at £545,000 after the developer kept base salaries flat during the year given the impact of the Covid-19 pandemic. He also received benefits of £45,000, a cash bonus of £493,000 and shares across an incentive plan and awards of £1.04m. Kaye’s total pay package was about 8% lower than a year earlier.
Helical’s bonuses are based on the company’s total property return, total accounting return and strategic objectives, including ESG targets. Finance director Tim Murphy and property director Matthew Bonning-Snook also received 60% of their possible bonuses.
