Upgrade Now

Company Announcements

Executive Share Awards

Related Companies

By LSE RNS

RNS Number : 8732N
WPP PLC
09 May 2024
 

FOR IMMEDIATE RELEASE                                                                             9 MAY 2024

 

WPP plc ("WPP")

Executive Share Awards

 

WPP's Executive Director's annual bonus for 2023 was delivered in the form of a cash award and a deferred share award comprising 40% of the total bonus achieved.  The Executive Share Award (ESA) will vest after two years, subject to continued employment.

The 2023 ESA award was granted on 7 May 2024 as follows:

Executive Director

Number of shares awarded

Mark Read

63,469

Joanne Wilson

23,519

Andrew Scott

29,460

 

Notes

1)   These awards were made in accordance with the terms of the 2023 Directors' Compensation Policy as approved by shareholders on 17 May 2023

2)   Additional shares will be awarded at vesting in lieu of dividends on the shares that vest

3)   Awards to Executive Directors are subject to an additional two-year post-vesting holding period

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name 

Mark Read

b)

Position/status

Chief Executive Officer

c)

Initial notification/
amendment

Initial notification

2.

Details of the issuer

a)

Full name of the entity

WPP plc

b)

Legal Entity Identifier code

549300LSGBXPYHXGDT93

3.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each ('Ordinary Shares')

ISIN: JE00B8KF9B49

b)

Nature of the transaction

Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018

c)

Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR)

Price(s)

Volume(s)

Conditional Free Share Award

63,469

 

 

d)

Aggregated information

-     Aggregated number

-     Aggregated Price

-     Total

N/A (single transaction)

 

e)

Date of the transaction

7 May 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name 

Joanne Wilson

b)

Position/status

Chief Financial Officer

c)

Initial notification/
amendment

Initial notification

2.

Details of the issuer

a)

Full name of the entity

WPP plc

b)

Legal Entity Identifier code

549300LSGBXPYHXGDT93

3.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each ('Ordinary Shares')

ISIN: JE00B8KF9B49

b)

Nature of the transaction

Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018

 

 

c)

Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR)

Price(s)

Volume(s)

Conditional Free Share Awards

23,519

d)

Aggregated information

-     Aggregated number

-     Aggregated Price

-     Total

N/A

e)

Date of the transaction

7 May 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

1.

Details of PDMR/person closely associated with them ('PCA')

a)

Name 

Andrew Scott

b)

Position/status

Chief Operating Officer

c)

Initial notification/
amendment

Initial notification

2.

Details of the issuer

a)

Full name of the entity

WPP plc

b)

Legal Entity Identifier code

549300LSGBXPYHXGDT93

3.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary shares of 10 pence each ('Ordinary Shares')

ISIN: JE00B8KF9B49

b)

Nature of the transaction

Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018

c)

Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR)

Price(s)

Volume(s)

Conditional Free Share Awards

29,460

 

 

d)

Aggregated information

-     Aggregated number

-     Aggregated Price

-     Total

N/A

e)

Date of the transaction

7 May 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

Balbir Kelly-Bisla

Group Company Secretary

 

Contact for further information:

Chris Wade, WPP

+44 (0)20 7282 4600

 

About WPP

WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAKSNEAFLEFA

Top of Page