This plan now approved for the performance period 2018 - 2020 is the sixth under the long term incentive scheme
approved by the board of directors in February 2013.
In return for agreeing the deal, the pilots would shares in BA worth GBP 13m in June 2011 as part of a long term incentive scheme
. This part of the deal is dependant on the company reaching specified targets.
Mr Sarin is also sitting on 6.2 million shares, worth pounds 8.43 million, awarded under long term incentive schemes
The report said that despite new rules companies were still hiding payouts for bosses with long term incentive schemes
'Companies should be considering the potential impact of IAS now when negotiating bank covenants, examining tax planning initiatives and when putting in place long term incentive schemes
that will be measured against performance as reported under IAS.
Mr Vandevelde also confirmed he will no longer be part of stock option grants and long term incentive schemes
. He currently owns four million stock options, worth some pounds 4.8 million.