REG - Pearson PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">PSON.L</Origin>

PearsonAnnouncement

09/03/2016 09:00

RNS Number : 5272R
Pearson PLC
09 March 2016
9 March 2016
Pearson plc - (the "Company") 
Notification of PDMRs' Interests 
Long-Term Incentive Plan 
In 2001, the Company established the Pearson Long-Term Incentive Plan (the "LTIP"). Its purpose is to link management's long-term reward with Pearson's financial performance and returns to shareholders. The LTIP was renewed and approved by shareholders in 2011 and its operation is governed by the remuneration policy approved by shareholders at the Annual General Meeting on 25 April 2014.
On 8 March 2016, the Company made a grant to Bob Whelan, a PDMR, of 45,000 performance-related restricted shares. This award will vest in 2018 subject to Pearson's earnings per share in 2017, and was made to satisfy a legacy obligation at a time when Mr Whelan was not considered a PDMR i.e. prior to his appointment to the Pearson Executive. This award is in line with annual awards made to other senior management employees who were not members of the Pearson Executive in 2015.
This notification is made in accordance with DTR 3.1.4R.

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