REG - Travis Perkins PLC - Director/PDMR Shareholding

Travis PerkinsAnnouncement

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RNS Number : 3762X  Travis Perkins PLC  19 March 2026

Travis Perkins PLC ("Travis Perkins" or the "Company")

19 March 2026

Grant of Buyout Award

On 19 March 2026 (the "Grant Date") the Company granted an award in the form
of a conditional award over a total of 295,441 ordinary shares in the Company
to Gavin Slark, the Company's Chief Executive Officer (the "Buyout Award").
The Buyout Award is a standalone award, which reflects three restricted share
awards (granted in 2023, 2024 and 2025) forfeited by Mr Slark as a result of
him ceasing to be an employee of his previous employer, SIG plc, in order to
join Travis Perkins, as agreed as part of his recruitment package.

 

The Buyout Award is structured in accordance with the principles set out in
the Company's approved Directors' Remuneration Policy, in particular that the
award is generally granted on a like-for-like basis

and reflecting the delivery mechanism, time horizons and vesting requirements
attached to that remuneration. The structure of the Buyout Award reflects what
was forfeited by Mr Slark on leaving SIG (and noting the vesting date,
explained below). The conversion into Travis Perkins shares on joining
provides alignment with Travis Perkins shareholders.

 

The number of ordinary shares over which the Buyout Award was granted, agreed
as part of his appointment, was calculated by reference to the number of SIG
plc shares under the awards Mr Slark forfeited and converted to a number of
Travis Perkins shares, based on the mid-market closing share price of Travis
Perkins and SIG plc on 2 May 2025.

 

The Buyout Award will vest three years from grant subject to continued
employment and following the Remuneration Committee concluding that it does
not need to adjust the vesting outcome should the SIG plc Remuneration
Committee use its discretion in relation to the applicable performance
underpins to lapse part or all of the corresponding restricted share awards.

 

The Buyout Award will vest three years from grant, as opposed to on the
earlier normal vesting dates of each of the SIG restricted share awards that
it replaces. This will maximise the alignment between our new Chief Executive
Officer and the Company's shareholders.

 

It is a condition of the Buyout Award that any vested shares (after any are
sold to pay any tax liability) will be retained towards meeting the
shareholding requirement under the Directors' Remuneration Policy, if
necessary.

 

The exercise of the Buyout Award will not be satisfied with an issue of shares
or a transfer of treasury shares.

The Notification of Dealing Form set out below is provided in accordance with
the requirements of the UK Market Abuse Regulation.

Enquiries:

Will Lang

Company Secretary

 

will.lang@travisperkins.co.uk

+44 (0) 7468 713734

 

Buyout Award

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Gavin Slark
 2.   Reason for the notification
 (a)  Position/status                                  Chief Executive Officer
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 (a)  Name                                             Travis Perkins plc
 (b)  LEI                                              2138001I27OUBAF22K83
 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          Ordinary shares of 11.205105 pence each
      Identification code of the Financial Instrument  ISIN: GB00BK9RKT01
 (b)  Nature of the transaction                        Grant of a conditional award to acquire ordinary shares in the Company in
                                                       compensation for awards forfeited on leaving former employer
 (c)  Price(s) and volume(s)

Price(s)  Volume
                                                       Nil       295,441
 (d)  Aggregated information:                          N/A - single transaction

      -       Aggregated volume

      -       Price
 (e)  Date of the transaction                          19 March 2026
 (f)  Place of the transaction                         Outside a trading venue

(d)

Aggregated information:

-       Aggregated volume

-       Price

N/A - single transaction

 

(e)

Date of the transaction

19 March 2026

(f)

Place of the transaction

Outside a trading venue

 

 

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