REG - Rio Tinto - Director/PDMR Shareholding

Rio TintoAnnouncement

19/03/2021 15:05

RNS Number : 9086S
  
Rio Tinto PLC
  
19 March 2021
  
 

 
Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
 
19 March 2021
 
As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMR/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
 
Rio Tinto Equity Incentive Plan 2018 (EIP)
Bonus Deferral Awards, Performance Share Awards and Management Share Awards
 
The Remuneration Committee has approved a partial deferral of the 2020 annual bonus for members of the Executive Committee to be delivered as a Bonus Deferral Award (BDA). Grants of BDA are made under the EIP over either Rio Tinto plc shares or Rio Tinto Limited shares (shares). These awards will vest on 1 December 2023.
 
Performance Share Awards (PSA) are granted under the EIP and provide participants with the conditional right, subject to performance conditions being met, to receive shares. The 2021 PSA will be measured against the Total Shareholder Return performance conditions after five years (as at the end of 2025). 
 
Management Share Awards (MSA) are granted under the EIP and provide participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment. These awards will vest on 19 February 2024.
 
Consistent with the terms of both the current remuneration policy and the new remuneration policy submitted to shareholders for a vote at the 2021 Annual General Meetings, the following PDMR/KMPs were awarded the following share awards on 18 March 2021:
 







Rio Tinto plc


Rio Tinto Limited




PDMR/KMP


No. of shares awarded as BDA


No. of shares awarded as PSA 


No. of shares awarded as MSA


No. of shares awarded as BDA 


No. of shares awarded as PSA 




Baatar, Bold


6,583


54,005
















Barrios, Alfredo


7,497


54,652
















Cunningham, Peter1


1,402


9,564


4,781












Kaufman, Sinead














1,408


41,207




Soirat, Arnaud


6,979


51,602
















Stausholm, Jakob


9,680


103,510
















Toth, Peter


2,412


39,603
















Trott, Simon


6,392


49,571
















Vella, Ivan


1,525


51,025















 
1.   Peter Cunningham, in his role as interim Chief Financial officer, remains eligible to receive his 2021 share awards as a mix of BDA, PSA and MSA.  
 
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
 
T +44 20 7781 2000
Registered in England 
No. 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



 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHXKLFFFXLEBBL