Tim Mathieson’s $1M Fixed Pay Plus 150% Incentives at Steadfast

Leadership Transition and Remuneration Disclosure

Steadfast Group Limited has formally announced the material terms of the remuneration package for its newly appointed Acting CEO, Tim Mathieson. The disclosure, made pursuant to ASX Listing Rule 3.16.4, outlines a fixed annual salary of $1 million for the financial year ending 30 June 2026, alongside performance-based incentives. This move signals Steadfast’s commitment to transparency during a period of executive transition.

Incentive Structure Reflects Performance Focus

Mr Mathieson’s remuneration package is structured to include both short-term and long-term incentives, designed to align his leadership with Steadfast’s strategic goals. The short-term incentive (STI) plan offers a maximum potential payout equal to 100% of his fixed remuneration, combining cash and deferred equity awards. Meanwhile, the long-term incentive (LTI) potential is capped at 50% of fixed pay, underscoring a balanced approach to rewarding immediate results and sustained company performance.

Additional Benefits and Contractual Terms

Beyond base salary and incentives, the package includes a living away from home allowance of $2,281 per week, domestic weekly return flights, and statutory entitlements such as annual leave and superannuation. These benefits suggest that Mr Mathieson may be operating away from his usual residence, a common arrangement for senior executives in transitional roles. The contract also specifies a six-month notice period, providing both parties with a degree of flexibility.

Context Within Steadfast’s Broader Strategy

The remuneration details reference the 2025 Annual Report for the specific financial metrics governing STI and LTI awards, indicating that Mr Mathieson’s incentives are closely tied to measurable company performance. This linkage is critical for investors seeking assurance that executive rewards are justified by tangible outcomes. As Steadfast navigates this leadership phase, the market will be watching how these incentives translate into operational and financial results.

Looking Ahead

While the announcement clarifies the financial terms of the Acting CEO’s role, it leaves open questions about the duration of Mr Mathieson’s tenure and the company’s longer-term leadership plans. The remuneration package’s design suggests a focus on stability and performance, but the true test will be in how effectively the new leadership steers Steadfast through the coming year.