REG - Pearson PLC - Director/PDMR Shareholding

PearsonAnnouncement

03/05/2024 15:30

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RNS Number : 2459N  Pearson PLC  03 May 2024

Pearson plc - (the "Company")

 

Notification of Directors' Interests

 

 

2024 Long-Term Incentive Plan (LTIP) Awards

 

On 1 May 2024, the Company made a grant of performance-related restricted
shares under the 2024 LTIP, including to the Chief Executive and Chief
Financial Officer, under the 2020 LTIP rules. This represents the company's
annual grant of long-term incentives for 2024. The award will vest on 1 May
2027 subject to the performance conditions and targets as set out in the 2023
annual report. Any shares which vest on 1 May 2027 will be subject to an
additional two-year holding period to 1 May 2029. The award also attracts
dividend equivalent awards.

 

The award is consistent with the remuneration policy approved by shareholders
at the 2023 Annual General Meeting and was made on the following basis:

 

 Name           Title                    Restricted shares awarded  % of Salary  Share price used to calculate award

 Omar Abbosh    Chief Executive          455,614                    450%         £9.8768
 Sally Johnson  Chief Financial Officer  174,348                    300%         £9.8768

 

The number of shares awarded to Omar Abbosh and Sally Johnson was determined
using the average mid-market closing share price of the Company's ordinary
shares as traded on the London Stock Exchange for the five trading days up to
and including 30 April 2024, which is the share price used to determine award
values for LTIP awards to the wider employee population (excluding those based
in the US).

 

The Committee reserves the right to adjust payouts up or down before they are
released if it believes that the vesting outcome does not reflect underlying
financial or non-financial performance or if such other exceptional factors
warrant doing so. In making such adjustments, the Committee is guided by the
principle of aligning shareholder and management interests.

 

The notification below is made in accordance with the requirements of the UK
Market Abuse Regulation.

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Omar Abbosh
 2   Reason for the notification
 a)  Position/status                                              Chief Executive
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Pearson plc
 b)  LEI                                                          2138004JBXWWJKIURC57
 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 25 pence each in Pearson plc

     Identification code

                                                                  ISIN: GB0006776081
 b)  Nature of the transaction                                    Award of performance-related restricted shares under the Long-Term Incentive
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
     n/a                                                                                                   455,614
 d)  Aggregated information                                       Aggregated price: N/A

     - Aggregated volume

     - Price                                                      Aggregated volume: see 4 (c) above
 e)  Date of the transaction                                      1 May 2024
 f)  Place of the transaction                                     Outside a trading venue

 

 

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Sally Johnson
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Pearson plc
 b)  LEI                                                          2138004JBXWWJKIURC57
 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 25 pence each in Pearson plc

     Identification code

                                                                  ISIN: GB0006776081
 b)  Nature of the transaction                                    Award of performance-related restricted shares under the Long-Term Incentive
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)
     n/a                                                                                                   174,348
 d)  Aggregated information                                       Aggregated price: N/A

     - Aggregated volume

     - Price                                                      Aggregated volume: see 4 (c) above
 e)  Date of the transaction                                      1 May 2024
 f)  Place of the transaction                                     Outside a trading venue

 

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