The board of NatWest said that after her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.
In addition, Rose, who resigned in July over a leak to a BBC news journalist about the threatened closure of Farage's accounts, will not receive a bonus or share-based pay awards for this year, worth £2.9m.
"Following the announcement that Ms Rose stepped down from her role by mutual agreement, it has been confirmed that good leaver status is not applicable under the relevant share plan rules," the company said yesterday. "No finding of misconduct has been made against Ms Rose by NatWest Group."
The banking group said the cumulative value of the lapsed unvested share awards, bonus and variable remuneration for this year was £7.58m. Rose, who received a £5.2m pay package last year, is still expected to receive a pay package of about £2.4m.
This comprises a £1.16m basic salary as well as a fixed share award, benefits and pension payments - but she will be forced to forfeit millions in as yet unvested share awards.
However, under the settlement agreed with Rose, her contract ends in July next year. This means she is also eligible to get one more sharebased award in April worth £850,000.
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Denne historien er fra November 11, 2023-utgaven av The Guardian.
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