REG - Reckitt Benckiser Gp - Director/PDMR Shareholding
07/03/2025 08:15
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RNS Number : 8084Z Reckitt Benckiser Group PLC 07 March 2025
7 March 2025
RECKITT BENCKISER GROUP PLC
DIRECTOR/PDMR SHAREHOLDINGS
Reckitt Benckiser Group plc (the "Company") announces the following changes
in the interests of Directors and Persons Discharging Managerial
Responsibility ("PDMR") in ordinary shares of 10 pence each in the share
capital of the Company ("Shares").
2015 Long Term Incentive Plan ("LTIP")
Grant of Performance Share Options and Performance Share Awards
On 6 March 2025, the grant of performance share options and performance share
awards ("2025 LTIP awards") were made under the LTIP to the Directors and
PDMRs listed below:
Name Director/PDMR Number of performance share options Number of performance shares
Kris Licht* Director 175,000 87,500
Shannon Eisenhardt* Director 85,000 42,500
Susan Sholtis PDMR 60,000 30,000
The number of performance share options and performance share awards shown is
the maximum available if the stretching performance conditions for the
three-year performance period ending on 31 December 2027 are satisfied in
full.
The targets that will apply to the 2025 LTIP awards for the 2025-2027
performance period are set out below.
Performance Measure Weighting Threshold Maximum
(20% vesting) (100% vesting)
LFL Net Revenue growth (3-year CAGR) 40% 2.50% 5.50%
ROCE (final year) on a constant foreign exchange basis 25% 17.50% 19.50%
Relative TSR 25% Median Upper Quartile
Sustainability: % Net Revenue from more sustainable products (final year) 10% 43.00% 46.00%
Vesting between achievement of threshold and maximum performance is on a
straight-line basis. In addition to the above performance conditions, before
determining the final vesting level, the Remuneration Committee will continue
to take a broader assessment of performance in the round and has an overriding
discretion to adjust vesting outcomes where, acting fairly and reasonably, it
considers the formulaic outcome to be inappropriate.
*There is a further two-year holding period commencing after the end of the
performance period.
Performance share options will be exercisable at £52.48 per share. No
consideration was paid for the grant of these awards.
Grant of Conditional Share Awards
On 6 March 2025, the grant of conditional share awards was made under the LTIP
to the PDMR listed below:
Name Director/PDMR Number of Conditional Share Awards
Susan Sholtis PDMR 6,500
Awards are based on continued employment only and will vest in March 2028.
No consideration was paid for the grant of these awards.
The following notifications are made in accordance with DTR 3.1.2-A,
incorporating article 19(1) of the 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 Kris Licht
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Reckitt Benckiser Group plc
b) LEI 5493003JFSMOJG48V108
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of share options for nil consideration under the Reckitt Benckiser Group
plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 175,000
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 87,500
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
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
Identification code
Ordinary shares of 10p each in Reckitt Benckiser Group plc
GB00B24CGK77
b)
Nature of the transaction
Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 87,500
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Shannon Eisenhardt
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Reckitt Benckiser Group plc
b) LEI 5493003JFSMOJG48V108
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of share options for nil consideration under the Reckitt Benckiser Group
plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 85,000
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,500
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
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
Identification code
Ordinary shares of 10p each in Reckitt Benckiser Group plc
GB00B24CGK77
b)
Nature of the transaction
Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 42,500
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Susan Sholtis
2 Reason for the notification
a) Position/status President Nutrition
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Reckitt Benckiser Group plc
b) LEI 5493003JFSMOJG48V108
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of share options for nil consideration under the Reckitt Benckiser Group
plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 60,000
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 30,000
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
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 10p each in Reckitt Benckiser Group plc
Identification code
GB00B24CGK77
b) Nature of the transaction Grant of conditional share awards for nil consideration under the Reckitt
Benckiser Group plc 2015 Long-Term Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,500
d) Aggregated information
Aggregated volume N/A
Price
e) Date of the transaction 2025-03-06
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
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
Identification code
Ordinary shares of 10p each in Reckitt Benckiser Group plc
GB00B24CGK77
b)
Nature of the transaction
Grant of performance shares for nil consideration under the Reckitt Benckiser
Group plc 2015 Long-Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 30,000
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
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
Identification code
Ordinary shares of 10p each in Reckitt Benckiser Group plc
GB00B24CGK77
b)
Nature of the transaction
Grant of conditional share awards for nil consideration under the Reckitt
Benckiser Group plc 2015 Long-Term Incentive Plan
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 6,500
d)
Aggregated information
Aggregated volume
Price
N/A
e)
Date of the transaction
2025-03-06
f)
Place of the transaction
Outside a trading venue
Contact Details:
Catheryn O'Rourke
+44 (0) 1753 217 800
General Counsel & Company Secretary
Nick
Ashworth
+44 (0) 7408 812350
Investor Relations
About Reckitt:
Reckitt* exists to protect, heal and nurture in the relentless pursuit of a
cleaner, healthier world. We believe that access to the highest-quality
hygiene, wellness and nourishment is a right, not a privilege.
Reckitt is the company behind some of the world's most recognisable and
trusted consumer brands in hygiene, health and nutrition, including Air Wick,
Calgon, Cillit Bang, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol,
Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and
more.
Every day, more than 30 million Reckitt products are bought globally. We
always put consumers and people first, seek out new opportunities, strive for
excellence in all that we do and build shared success with all our partners.
We aim to do the right thing, always.
We are a diverse global team of c. 40,000 colleagues. We draw on our
collective energy to meet our ambitions of purpose-led brands, a healthier
planet and a fairer society. Find out more, or get in touch with us
at www.reckitt.com (http://www.reckitt.com/)
* Reckitt is the trading name of the Reckitt Benckiser group of companies
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