REG - Rio Tinto - Director/PDMR Shareholding
RNS Number : 9506PRio Tinto PLC22 February 2021Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
22 February 2021
As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
Rio Tinto Performance Share Plan 2013 ("PSP")
The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.
The PSA granted in 2016 is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an Earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 18 February 2021. The remaining third of the PSA granted in 2016 will vest on 31 May 2021 once the relative EBIT margin performance has been established.
On 18 February 2021, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security
Name of PDMR/KMP
Conditional Award Granted
TSR Vest Portion
No: of Shares Lapsed
No: of Shares Vested*
No: of Shares Sold
Price per Share
No: of Shares Retained
Date of Transaction
Rio Tinto
plc shares
Baatar, Bold
17,270
11,514
0
13,840
5,744
GBP 62.61083
8,096
18/02/2021
Rio Tinto
plc shares
Barrios, Alfredo
73,140
48,761
0
58,613
31,192
GBP 62.61083
27,421
18/02/2021
Rio Tinto
plc shares
Cunningham, Peter
13,320
8,881
0
10,675
5,009
GBP 62.61083
5,666
18/02/2021
Rio Tinto
Limited
shares
Soirat, Arnaud
20,230
13,487
0
15,960
7,527
AUD 127.40
8,433
18/02/2021
Rio Tinto
plc shares
Toth, Peter
14,808
9,873
0
11,867
5,569
GBP 62.61083
6,298
18/02/2021
Rio Tinto
Limited
shares
Trott, Simon
9,412
6,275
0
7,425
0
N/A
7,425
18/02/2021
Rio Tinto
Limited
shares
Vella, Ivan
3,072
2,049
0
2,424
0
N/A
2,424
18/02/2021
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity Incentive Plan
The MSA provides participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment.
On 18 February 2021, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.
Security
Name of PDMR/KMP
Conditional Award Granted
No: of Shares Vested*
No: of Shares Sold
Price per Share
No: of Shares Retained
Date of Transaction
Rio Tinto
plc shares
Cunningham, Peter
3,614
4,138
1,944
GBP 62.61083
2,194
18/02/2021
Rio Tinto
plc shares
Toth, Peter
3,991
4,570
2,147
GBP 62.61083
2,423
18/02/2021
Rio Tinto
Limited
shares
Vella, Ivan
3,344
3,794
0
N/A
3,794
18/02/2021
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation.
This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary.
Steve Allen
Group Company Secretary
Tim Paine
Joint Company Secretary
Rio Tinto plc
6 St James's Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in EnglandNo. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
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