The three most senior executives at National Australia Bank have formally forfeited equity options linked to performance targets that it's long been clear they stood no chance of meeting.Cameron Clyne, the chief executive, forfeited 19,565 performance rights, notionally worth around A$500,000. Michael Ullmerm, the deputy CEO, lost 20,190 performance rights. Mark Joiner, the finance director, forfeited 14,196 long-term incentive shares.At the hearing of the Senate economics committee in December, Clyne suggested parliament reform the laws on disclosure of executive pay as this leads to absurd numbers on the notional pay packets of people, such as himself, which are based on the unrealistic treatment of share options such as those now forfeited."When the numbers are reported in some cases a significant component of that income does not eventuate. In my case, at least 50 per cent of what I am paid I will never get. "My bank has not delivered the return to shareholders people would expect. "The first thing we need to do is get the real number and say, 'This is actually the number people are dealing with'. The potential number may never be realised, or it may have all sorts of handcuffs and other things over it. "Is the actual number something we feel concerned about?"