REG - BP PLC - Director/PDMR Shareholding

BPAnnouncement

31/07/2024 16:30

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RNS Number : 6527Y  BP PLC  31 July 2024

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility
or connected persons

EDIP Performance Share Award 2021-23 - vesting

BP p.l.c. announces that, on 30 July 2024, the vesting of shares previously
awarded to the following Executive Directors of BP p.l.c. under the BP
Executive Directors' Incentive Plan ("EDIP") occurred.

 

The remuneration committee of the board of BP p.l.c. determined that 75% of
the shares awarded under the EDIP Performance Share Award 2021-23 would vest.
The rationale behind this determination is detailed in the Directors'
Remuneration Report contained in BP's Annual Report and Form 20-F 2023. Under
the EDIP plan rules, the number of shares detailed below will be retained for
a further period of three years before their release to the beneficiary.

 

                     Vested amount  Shares representing tax liabilities  Released amount
 Murray Auchincloss  965,813        454,841                              510,972

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Murray Auchincloss
 2   Reason for the notification
 a)  Position/status                                              Chief executive officer / Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         BP p.l.c.
 b)  LEI                                                          213800LH1BZH3DI6G760
 4   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, type of instrument  Ordinary shares of $0.25

     Identification code                                          GB0007980591
 b)  Nature of the transaction                                    Shares sold to cover tax liabilities and dealing costs pursuant to the vesting
                                                                  of an award made under the BP Executive Directors' Incentive Plan.
 c)  Price(s) and volume(s)

Price(s)    Volume(s)
                                                                  £4.594114   454,841
 d)  Aggregated information

     -      Volume                                                454,841

     -      Price                                                 £4.594114

     -      Total                                                 £2,089,591.41

 e)  Date of the transaction                                      30 July 2024
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

454,841

 

£4.594114

 

£2,089,591.41

 

e)

Date of the transaction

30 July 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Murray Auchincloss
 2   Reason for the notification
 a)  Position/status                                              Chief executive officer / Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         BP p.l.c.
 b)  LEI                                                          213800LH1BZH3DI6G760
 4   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, type of instrument  Ordinary shares of $0.25

     Identification code                                          GB0007980591
 b)  Nature of the transaction                                    Shares acquired pursuant to the vesting of an award made under the BP
                                                                  Executive Directors' Incentive Plan, following adjustments for tax and
                                                                  dividends.
 c)  Price(s) and volume(s)

Price(s)           Volume(s)
                                                                  Nil consideration  510,972
 d)  Aggregated information

     -      Volume                                                510,972

     -      Price                                                 Nil consideration. Market value £4.5165 per share

-      Total

                                                                  Nil. Market value £2,307,805.04

 e)  Date of the transaction                                      30 July 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

-      Total

 

510,972

 

Nil consideration. Market value £4.5165 per share

 

Nil. Market value £2,307,805.04

 

e)

Date of the transaction

30 July 2024

f)

Place of the transaction

Outside a trading venue

 

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

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