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Employee share ownership plans (Tables) | 12 Months Ended
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Jun. 30, 2019
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Summary of Description of Plans | The table below provides a description of each of the plans.
Plan |  | STIP and GSTIP |  | LTIP and MAP |  | Transitional Executive KMP awards |  | Shareplus
Type |  | Short-term incentive |  | Long-term incentive |  | Long-term incentive |  | All-employee share purchase plan
Overview |  | The STIP is generally a plan for the Executive KMP and the GSTIP is a plan for BHP senior management who are not KMP. Under both plans, half of the value of a participant’s short-term incentive amount is awarded as rights to receive BHP Group Limited or BHP Group Plc shares at the end of the vesting period. |  | The LTIP is a plan for Executive KMP and awards are granted annually. The MAP is a plan for BHP senior management who are not KMP. The number of share rights awarded is determined by a participant’s role and grade. |  | Awards may be granted to new Executive KMP recruited from within the Group to bridge the gap created by the different timeframes of the vesting of MAP awards, granted in their non-KMP roles, and LTIP awards, granted to Executive KMP. No awards were granted to Executive KMP in FY2019. |  | Employees may contribute up to US$5,000 to acquire shares in any plan year. On the third anniversary of the start of a plan year, the Group will match the number of acquired shares.
Vesting conditions |  | Service conditions only. |  | LTIP: Service and performance conditions. For awards granted from December 2013 onwards, BHP’s Total Shareholder Return (TSR)(1) performance relative to the Peer Group TSR over a five-year performance period determines the vesting of 67 per cent of the awards, while performance relative to the Index TSR (being the index value where the comparator group is a market index) determines the vesting of 33 per cent of the awards. For the awards to vest in full, BHP’s TSR must exceed the Peer Group TSR and Index TSR (if applicable) by a specified percentage per year, determined for each grant by the Remuneration Committee. From the establishment of the LTIP in 2004 until the awards granted in December 2016, this percentage was set at 5.5 per cent per year. For awards granted from December 2017 onwards, 25 per cent of the award will vest where BHP’s TSR is equal to the median TSR of the relevant comparator group(s), as measured over the performance period. Where TSR is below the median, awards will not vest. Vesting occurs on a sliding scale when BHP’s TSR measured over the performance period is between the median TSR of the relevant comparator group(s) up to a nominated level of TSR outperformance over the relevant comparator group(s), as determined by the Committee, above which 100 per cent of the award will vest. MAP: Service conditions only. |  | Service conditions and performance conditions. The Remuneration Committee has absolute discretion to determine if the performance condition has been met and whether any, all or part of the award will vest (or otherwise lapse), having regard to (but not limited to) the BHP’s TSR(1) over the three-or four-year performance period (respectively), the participant’s contribution to Group outcomes and the participant’s personal performance (with guidance on this assessment from the CEO). |  | Service conditions only.
Vesting period |  | 2 years |  | LTIP – 5 years MAP – 1 to 5 years |  | 3 or 4 years |  | 3 years
Dividend Equivalent Payment |  | STIP – Yes GSTIP – No |  | LTIP – Yes MAP – No |  | No |  | No
Exercise period |  | None |  | LTIP – None MAP – None |  | None |  | None
(1) | BHP’s TSR is the weighted average of the TSRs of BHP Group Limited and BHP Group Plc.
Summary of Employee Share Awards | Employee share awards
2019 |  | Number of awards at the beginning of the financial year |  |  | Number of awards issued during the year |  |  | Number of awards vested and exercised |  |  | Number of awards lapsed |  |  | Number of awards at the end of the financial year |  |  | Number of awards vested and exercisable at the end of the financial year |  |  | Weighted average remaining contractual life (years) |
BHP Group Limited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
STIP awards |  |  | 308,028 |  |  |  | 271,355 |  |  |  | 65,392 |  |  |  | – |  |  |  | 513,991 |  |  |  | – |  |  |  | 0.7 |
GSTIP awards |  |  | 2,008,455 |  |  |  | – |  |  |  | 780,315 |  |  |  | 85,656 |  |  |  | 1,142,484 |  |  |  | 15,932 |  |  |  | 0.2 |
LTIP awards |  |  | 5,980,975 |  |  |  | 947,153 |  |  |  | – |  |  |  | 1,197,239 |  |  |  | 5,730,889 |  |  |  | – |  |  |  | 2.1 |
Transitional Executive KMP awards |  |  | 46,840 |  |  |  | – |  |  |  | 16,160 |  |  |  | 7,260 |  |  |  | 23,420 |  |  |  | – |  |  |  | 0.2 |
MAP awards |  |  | 10,379,263 |  |  |  | 4,604,638 |  |  |  | 2,416,107 |  |  |  | 1,077,449 |  |  |  | 11,490,345 |  |  |  | 94,921 |  |  |  | 1.3 |
Shareplus |  |  | 4,775,079 |  |  |  | 2,025,302 |  |  |  | 2,590,297 |  |  |  | 352,939 |  |  |  | 3,857,145 |  |  |  | – |  |  |  | 1.2 |
BHP Group Plc |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
GSTIP awards |  |  | 63,868 |  |  |  | – |  |  |  | 22,911 |  |  |  | 11,531 |  |  |  | 29,426 |  |  |  | – |  |  |  | 0.2 |
MAP awards |  |  | 315,451 |  |  |  | 132,676 |  |  |  | 107,756 |  |  |  | 67,340 |  |  |  | 273,031 |  |  |  | – |  |  |  | 1.3 |
Shareplus |  |  | 282,159 |  |  |  | 111,866 |  |  |  | 145,666 |  |  |  | 24,289 |  |  |  | 224,070 |  |  |  | – |  |  |  | 1.2 |
Summary of Fair Value and Assumptions in the Calculation of Fair Value for Awards Issued | Fair value and assumptions in the calculation of fair value for awards issued
2019 |  | Weighted average fair value of awards granted during the year US$ |  |  | Risk-free interest rate |  |  | Estimated life of awards |  |  | Share price at grant date |  |  | Estimated volatility of share price |  |  | Dividend yield |
BHP Group Limited |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
STIP awards |  |  | 24.10 |  |  |  | n/a |  |  |  | 3 years |  |  |  | A$33.50 |  |  |  | n/a |  |  |  | n/a |
LTIP awards |  |  | 17.36 |  |  |  | 2.04 | % |  |  | 5 years |  |  |  | A$33.50 |  |  |  | 30.0 | % |  |  | n/a |
MAP awards (1) |  |  | 21.29 |  |  |  | n/a |  |  |  | 1-5 years |  |  |  | A$33.83 / A$33.41 / A$33.50 |  |  |  | n/a |  |  |  | 5.30 | %
Shareplus |  |  | 20.68 |  |  |  | 2.13 | % |  |  | 3 years |  |  |  | A$28.29 |  |  |  | n/a |  |  |  | 4.71 | %
BHP Group Plc |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MAP awards |  |  | 18.68 |  |  |  | n/a |  |  |  | 1-5 years |  |  |  | £16.71 |  |  |  | n/a |  |  |  | 5.80 | %
Shareplus |  |  | 14.71 |  |  |  | 0.86 | % |  |  | 3 years |  |  |  | £14.04 |  |  |  | n/a |  |  |  | 5.40 | %
(1) | Includes MAP awards granted on 24 September 2018, 12 November 2018 and 18 December 2018.

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