REG - BP PLC - Director/PDMR Shareholding

BPAnnouncement

30/04/2026 15:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260430:nRSd6555Ca&default-theme=true

RNS Number : 6555C  BP PLC  30 April 2026

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility
or connected persons

EDIP performance shares 2026-2028 award

BP p.l.c. (the "Company") announces that, on 29 April 2026, conditional
performance share awards (the "Awards") were made under the bp Executive
Directors' Incentive Plan (the "Plan"). The Awards were made in accordance
with the rules of the Plan and the 2026 directors' remuneration policy (the
"Policy") and as provided for in the 2025 directors' remuneration report (the
"Report"), both of which were approved by shareholders at the Annual General
Meeting ("AGM") held on 23 April 2026.

Level of award

The People & Remuneration Committee (the "Committee") has made these
Awards at 500% of base salary for the chief executive officer (pro-rated to
her employment start date of 1 April 2026) and the deputy chief executive
officer and at 450% of base salary for the chief financial officer, in line
with the Policy. In calculating the number of bp shares over which these
Awards have been made, the Committee has applied the average price of bp
shares over the 90 calendar days up to and including the AGM that was held on
23 April 2026 (£5.18).

The Committee retains absolute discretion to adjust the formulaic outcome at
the time of vesting of the Awards where it considers that outcome does not
appropriately reflect shareholder experience over the performance period.

Performance conditions

As set out in the Policy and Report, Awards are subject to a three‑year
performance period and will vest on the Vesting Date, being the later of the
third anniversary of grant and the determination of performance against a
combination of the following financial and strategic measures:

·    Relative total shareholder return (30%) assessed against a
benchmarking group, comprising Chevron, Eni, ExxonMobil, Shell and
TotalEnergies;

·    Return on average capital employed (25%);

·    Adjusted free cash flow (25%); and

·    Cumulative reduction percentage in operated carbon emissions (20%).

Number of shares subject to award

 Name           Award
 Meg O'Neill*   1,415,701 ordinary shares
 Carol Howle**  1,455,598 ordinary shares
 Kate Thomson   776,640 ordinary shares

* The award has been pro-rated to reflect Ms O'Neill's employment start date
of 1 April 2026.

** Although as deputy chief executive officer Carol Howle is not an executive
director, she is eligible to receive the Awards in line with the Policy and
Report.

 

Upon vesting at the Vesting Date, any vested shares will normally be subject
to a further three‑year retention period ending on the sixth anniversary of
the commencement of the performance period (31 December 2031).

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Meg O'Neill
 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                                    1,415,701 performance share units (in the form of ordinary shares) awarded
                                                                  under the bp Executive Directors' Incentive Plan.
 c)  Price(s) and volume(s)

Price(s)           Volume(s)
                                                                  Nil consideration  1,415,701
 d)  Aggregated information

     -      Volume                                                1,415,701

     -      Price                                                 Nil consideration. Market value £5.18

     -      Total                                                 Nil consideration. Market value £7,333,331

 e)  Date of the transaction                                      29 April 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

1,415,701

 

Nil consideration. Market value £5.18

 

Nil consideration. Market value £7,333,331

 

e)

Date of the transaction

29 April 2026

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Carol Howle
 2   Reason for the notification
 a)  Position/status                                              Deputy chief executive officer
 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                                    1,455,598 performance share units (in the form of ordinary shares) awarded
                                                                  under the bp Executive Directors' Incentive Plan.
 c)  Price(s) and volume(s)

Price(s)           Volume(s)
                                                                  Nil consideration  1,455,598
 d)  Aggregated information

     -      Volume                                                1,455,598

     -      Price                                                 Nil consideration. Market value £5.18

     -      Total                                                 Nil consideration. Market value £7,539,997

 e)  Date of the transaction                                      29 April 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

1,455,598

 

Nil consideration. Market value £5.18

 

Nil consideration. Market value £7,539,997

 

e)

Date of the transaction

29 April 2026

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)                              Name                                                         Kate Thomson
 2                               Reason for the notification
 a)                              Position/status                                              chief financial 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                                    776,640 performance share units (in the form of ordinary shares) awarded under
                                                                                              the bp Executive Directors' Incentive Plan.
 c)                              Price(s) and volume(s)

Price(s)           Volume(s)
                                                                                              Nil consideration  776,640
 d)                              Aggregated information

                                 -      Volume                                                776,640

                                 -      Price                                                 Nil consideration. Market value £5.18

                                 -      Total                                                 Nil consideration. Market value £4,022,995

 e)                              Date of the transaction                                      29 April 2026
 f)                              Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

776,640

 

Nil consideration. Market value £5.18

 

Nil consideration. Market value £4,022,995

 

e)

Date of the transaction

29 April 2026

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.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHAKKBNQBKDCQN



            Copyright 2019 Regulatory News Service, all rights reserved