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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Persimmon Plc | LSE:PSN | London | Ordinary Share | GB0006825383 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
61.00 | 4.67% | 1,366.50 | 1,360.50 | 1,362.00 | 1,361.50 | 1,309.50 | 1,318.50 | 1,279,884 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gen Contr-single-family Home | 2.77B | 255.4M | 0.7996 | 17.02 | 4.35B |
TIDMPSN
RNS Number : 2217S
Persimmon PLC
12 July 2022
12 July 2022
Persimmon Plc (the "Company")
Director/PDMR Shareholding
Jason Windsor commenced his role as Chief Financial Officer of the Company on 11 July 2022.
As reported in Persimmon's Directors' Remuneration Report for the year ended 31 December 2021, in line with usual practice the Remuneration Committee agreed that, in recognition of Jason's forfeiture of remuneration on leaving his former employer, he would be granted buy-out awards. As previously disclosed these have been calculated to match and not exceed the value forfeited. Information in relation to the principles applied in agreeing the buy-out awards is included in that Directors' Remuneration Report. In line with the vesting schedule of the forfeited awards, certain of the buy-out awards vested immediately. Half of Jason's forfeited annual bonus for 2021 was satisfied by the grant of a buy-out award as set out below. The remaining 50% of that forfeited bonus was paid in cash, but with half of that cash amount (net of income tax and national insurance) to be used to purchase 6,191 shares in Persimmon on 11 July 2022.
The buy-out awards granted in shares on 11 July 2022 are summarised below.
Forfeited remuneration Number of Persimmon Vesting date of buy-out award shares subject to the buy-out award Annual bonus 23,900 (reflecting March 2025 for 2021 50% of the forfeited bonus) ---------------------- ------------------------------- 2019 Deferred 2,530 11 July 2022 Bonus ---------------------- ------------------------------- 2020 Deferred 18,569 In respect of 9,285 Persimmon Bonus shares, 11 July 2022 In respect of 9,284 Persimmon shares, 23 March 2023 ---------------------- ------------------------------- 2021 Deferred 23,829 In respect of 7,943 Persimmon Bonus shares, 11 July 2022 In respect of 7,943 Persimmon shares, 25 March 2023 In respect of 7,943 Persimmon shares, 25 March 2024 ---------------------- ------------------------------- 2019 Restricted 17,296 11 July 2022 Stock ---------------------- ------------------------------- 2020 LTIP 96,449 23 March 2023 (followed by a two year holding period)* ---------------------- ------------------------------- 2021 LTIP 26,808 25 March 2024 (followed by a two year holding period)* ---------------------- -------------------------------
*The vesting of these awards is subject to the satisfaction of the performance conditions applying to the forfeited awards.
Further details of the buy-out awards granted, shares acquired pursuant to the vesting of those buy-out awards that vested immediately, shares sold to cover tax liabilities in connection with the vesting of the awards that vested immediately, and shares purchased with the net of income tax and national insurance bonus are set out below.
Details of the person discharging managerial responsibilities/person 1 closely associated a) Name Jason Windsor ------------------------------- -------------------------------------- Reason for the notification 2 ----------------------------------------------------------------------- a) Position/status Chief Financial Officer ------------------------------- -------------------------------------- b) Initial notification/ Amendment Initial notification ------------------------------- -------------------------------------- Details of the issuer 3 ----------------------------------------------------------------------- a) Name Persimmon Plc ------------------------------- -------------------------------------- b) LEI code 213800XI72Y57UWN6F31 ------------------------------- -------------------------------------- Details of the transaction(s): section to be repeated 4 for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ----------------------------------------------------------------------- Transaction 1 - Grant of buy-out awards over Persimmon shares ----------------------------------------------------------------------- a) Description of the financial Ordinary shares of 10p each instrument, type of instrument Identification code GB0006825383 ------------------------------- -------------------------------------- b) Nature of the transaction Grant of awards over Persimmon shares in respect of remuneration forfeited on leaving previous employer. ------------------------------- -------------------------------------- c) Price(s) and volume(s) Award Price Volume Award granted in respect of 2021 annual bonus Nil 23,900 ------- ------- Award granted in respect of 2019 deferred bonus Nil 2,530 ------- ------- Award granted in respect of 2020 deferred bonus Nil 18,569 ------- ------- Award granted in respect of 2021 deferred bonus Nil 23,829 ------- ------- Award granted in respect of 2019 restricted stock Nil 17,296 ------- ------- Award granted in respect of 2020 LTIP Nil 96,449 ------- ------- Award granted in respect of 2021 LTIP Nil 26,808 ------- ------- ------------------------------- -------------------------------------- d) Aggregated information - Aggregated volume 209,381 - Price Nil ------------------------------- -------------------------------------- e) Date of the transaction 11 July 2022 ------------------------------- -------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------- -------------------------------------- Transaction 2 - acquisition of Persimmon shares pursuant to the partial vesting of buy-out awards a) Description of the financial Ordinary shares of 10p each instrument, type of instrument Identification code GB0006825383 ------------------------------- -------------------------------- b) Nature of the transaction Acquisition of Persimmon shares following the partial vesting of buy-out awards. ------------------------------- -------------------------------- c) Price(s) and volume(s) Price Volume Nil 37,054 ------- ------------------------------- -------------------------------- d) Aggregated information - Aggregated volume N/A Single transaction - Price N/A Single transaction ------------------------------- -------------------------------- e) Date of the transaction 11 July 2022 ------------------------------- -------------------------------- f) Place of the transaction Outside a trading venue ------------------------------- -------------------------------- Transaction 3 - Sale of Persimmon shares to settle tax liability ----------------------------------------------------------------- a) Description of the financial Ordinary shares of 10p each instrument, type of instrument Identification code GB0006825383 ------------------------------- -------------------------------- b) Nature of the transaction Sale of shares to settle tax
liability on vesting of awards. ------------------------------- -------------------------------- c) Price(s) and volume(s) Price Volume GBP17.62958 17,936 ------- ------------------------------- -------------------------------- d) Aggregated information - Aggregated volume N/A Single transaction - Price N/A Single transaction ------------------------------- -------------------------------- e) Date of the transaction 11 July 2022 ------------------------------- -------------------------------- f) Place of the transaction London Stock Exchange (XLON); Main Market ------------------------------- -------------------------------- Transaction 4 - Acquisition of Persimmon shares a) Description of the financial Ordinary shares of 10p each instrument, type of instrument Identification code GB0006825383 ------------------------------- ------------------------------- b) Nature of the transaction Acquisition of Persimmon shares ------------------------------- ------------------------------- c) Price(s) and volume(s) Price Volume GBP17.62958 6,191 ------- ------------------------------- ------------------------------- d) Aggregated information - Aggregated volume N/A Single transaction - Price N/A Single transaction ------------------------------- ------------------------------- e) Date of the transaction 11 July 2022 ------------------------------- ------------------------------- f) Place of the transaction London Stock Exchange (XLON); Main Market ------------------------------- -------------------------------
Tracy Davison
Company Secretary
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(END) Dow Jones Newswires
July 12, 2022 09:20 ET (13:20 GMT)
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