REG - BP PLC - Director/PDMR Shareholding

BPAnnouncement

14/08/2023 15:45

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RNS Number : 2686J  BP PLC  14 August 2023

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility
or connected persons

EDIP Performance Share Award 2020-22 - vesting

BP p.l.c. (the "Company") announces that, on 11 August 2023, 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 Company determined that 54% of the shares awarded under the EDIP
Performance Share Award 2020-22 would vest. The rationale behind this
determination is detailed in the Directors' Remuneration Report contained in
BP's Annual Report and Form 20-F 2022. The released amount stated below will
be retained for a period of three years.

 

                     Vested amount  Shares representing tax liabilities  Released amount
 Bernard Looney      1,298,879      610,474                              688,405
 Murray Auchincloss  624,960        293,732                              331,228

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Bernard Looney
 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 shares 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  688,405
 d)  Aggregated information

     -      Volume                                                688,405

     -      Price                                                 Nil consideration. Market value £4.864 per share

     -      Total                                                 Nil. Market value £3,348,401.92
 e)  Date of the transaction                                      11 August 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

688,405

 

Nil consideration. Market value £4.864 per share

 

Nil. Market value £3,348,401.92

e)

Date of the transaction

11 August 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Murray Auchincloss
 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                                    Shares acquired pursuant to the vesting of shares 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  331,228
 d)  Aggregated information

     -      Volume                                                331,228

     -      Price                                                 Nil consideration. Market value £4.864 per share

     -      Total                                                 Nil. Market value £1,611,092.99
 e)  Date of the transaction                                      11 August 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

331,228

 

Nil consideration. Market value £4.864 per share

 

Nil. Market value £1,611,092.99

e)

Date of the transaction

11 August 2023

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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