REG - Persimmon Plc - Director/PDMR Shareholding
12/07/2022 14:30
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RNS Number : 2217S Persimmon PLC 12 July 2022
12 July 2022
Persimmon Plc (the "Company")
Director/PDMR Shareholding
Jason Windsor commenced his role as Chief Financial Officer of the Company on
11 July 2022.
As reported in Persimmon's Directors' Remuneration Report for the year ended
31 December 2021, in line with usual practice the Remuneration Committee
agreed that, in recognition of Jason's forfeiture of remuneration on leaving
his former employer, he would be granted buy-out awards. As previously
disclosed these have been calculated to match and not exceed the value
forfeited. Information in relation to the principles applied in agreeing the
buy-out awards is included in that Directors' Remuneration Report. In line
with the vesting schedule of the forfeited awards, certain of the buy-out
awards vested immediately. Half of Jason's forfeited annual bonus for 2021 was
satisfied by the grant of a buy-out award as set out below. The remaining 50%
of that forfeited bonus was paid in cash, but with half of that cash amount
(net of income tax and national insurance) to be used to purchase 6,191 shares
in Persimmon on 11 July 2022.
The buy-out awards granted in shares on 11 July 2022 are summarised below.
Forfeited remuneration Number of Persimmon shares subject to the buy-out award Vesting date of buy-out award
Annual bonus for 2021 23,900 (reflecting 50% of the forfeited bonus) March 2025
2019 Deferred Bonus 2,530 11 July 2022
2020 Deferred Bonus 18,569 In respect of 9,285 Persimmon shares, 11 July 2022
In respect of 9,284 Persimmon shares, 23 March 2023
2021 Deferred Bonus 23,829 In respect of 7,943 Persimmon shares, 11 July 2022
In respect of 7,943 Persimmon shares, 25 March 2023
In respect of 7,943 Persimmon shares, 25 March 2024
2019 Restricted Stock 17,296 11 July 2022
2020 LTIP 96,449 23 March 2023 (followed by a two year holding period)*
2021 LTIP 26,808 25 March 2024 (followed by a two year holding period)*
*The vesting of these awards is subject to the satisfaction of the performance
conditions applying to the forfeited awards.
Further details of the buy-out awards granted, shares acquired pursuant to the
vesting of those buy-out awards that vested immediately, shares sold to cover
tax liabilities in connection with the vesting of the awards that vested
immediately, and shares purchased with the net of income tax and national
insurance bonus are set out below.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Jason Windsor
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer
a) Name Persimmon Plc
b) LEI code 213800XI72Y57UWN6F31
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
Transaction 1 - Grant of buy-out awards over Persimmon shares
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Grant of awards over Persimmon shares in respect of remuneration forfeited on
leaving previous employer.
c) Price(s) and volume(s) Award Price Volume
Award granted in respect of 2021 annual bonus Nil 23,900
Award granted in respect of 2019 deferred bonus Nil 2,530
Award granted in respect of 2020 deferred bonus Nil 18,569
Award granted in respect of 2021 deferred bonus Nil 23,829
Award granted in respect of 2019 restricted stock Nil 17,296
Award granted in respect of 2020 LTIP Nil 96,449
Award granted in respect of 2021 LTIP Nil 26,808
d) Aggregated information
- Aggregated volume 209,381
- Price Nil
e) Date of the transaction 11 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
209,381
Nil
e)
Date of the transaction
11 July 2022
f)
Place of the transaction
Outside a trading venue
Transaction 2 - acquisition of Persimmon shares pursuant to the partial
vesting of buy-out awards
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Acquisition of Persimmon shares following the partial vesting of buy-out
awards.
c) Price(s) and volume(s) Price Volume
Nil 37,054
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price N/A Single transaction
e) Date of the transaction 11 July 2022
f) Place of the transaction Outside a trading venue
Transaction 3 - Sale of Persimmon shares to settle tax liability
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Sale of shares to settle tax liability on vesting of awards.
c) Price(s) and volume(s) Price Volume
£17.62958 17,936
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price N/A Single transaction
e) Date of the transaction 11 July 2022
f) Place of the transaction London Stock Exchange (XLON); Main Market
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
N/A Single transaction
e)
Date of the transaction
11 July 2022
f)
Place of the transaction
Outside a trading venue
Transaction 3 - Sale of Persimmon shares to settle tax liability
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10p each
Identification code
GB0006825383
b)
Nature of the transaction
Sale of shares to settle tax liability on vesting of awards.
c)
Price(s) and volume(s)
Price Volume
£17.62958 17,936
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
N/A Single transaction
e)
Date of the transaction
11 July 2022
f)
Place of the transaction
London Stock Exchange (XLON); Main Market
Transaction 4 - Acquisition of Persimmon shares
a) Description of the financial instrument, type of instrument Ordinary shares of 10p each
Identification code GB0006825383
b) Nature of the transaction Acquisition of Persimmon shares
c) Price(s) and volume(s) Price Volume
£17.62958 6,191
d) Aggregated information
- Aggregated volume N/A Single transaction
- Price N/A Single transaction
e) Date of the transaction 11 July 2022
f) Place of the transaction London Stock Exchange (XLON); Main Market
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
N/A Single transaction
e)
Date of the transaction
11 July 2022
f)
Place of the transaction
London Stock Exchange (XLON); Main Market
Tracy Davison
Company Secretary
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