REG - Trustpilot Group PLC - PDMR notification - grant of LTIP awards

TrustpilotAnnouncement

04/04/2024 16:15

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RNS Number : 3893J  Trustpilot Group PLC  04 April 2024

4 April 2024

TRUSTPILOT GROUP PLC

Notification and public disclosure of transactions by PDMRs

Grant of LTIP Awards

Trustpilot Group plc (the "Company") announces that on 2 April 2024 the
following awards over ordinary shares of 1 pence each in the Company were
granted under the Trustpilot Group plc Long Term Incentive Plan (the "LTIP")
to the following persons discharging managerial responsibilities:

 Participant   Position                  No. of Shares under Award
 Adrian Blair  Chief Executive Officer   609,632
 Hanno Damm    Chief Financial Officer   427,766

 

The awards above were granted as conditional awards and will ordinarily vest
on 2 April 2027, subject to the grantee's continued service and the
Remuneration Committee's assessment of the extent to which the award's
performance conditions are satisfied. The awards above are subject to a
two-year post-vesting holding period.

The vesting of 75 per cent. of such awards (the "Relative TSR Part") is
subject to the Company's total shareholder return ("TSR") performance over a
three year period that commenced on 2 April 2024 relative to the TSR
performance over the same period of the constituents of the FTSE 250 Index
(excluding investment trusts and the Company) as at 2 April 2024. One quarter
of the Relative TSR Part will vest for median ranking performance, rising on a
straight-line basis to full vesting of the Relative TSR Part for upper
quartile ranking (or better) relative TSR performance.

The vesting of 25 per cent. of such awards (the "Trust Measure Part") is
subject to targets set for the average rating of all reviews of Trustpilot on
the Trustpilot platform posted between 1 January 2024 and 31 December
2026. One quarter of the Trust Measure Part will vest for an average rating
over the measurement period of 4.0, rising on a straight-line basis to full
vesting of the Trust Measure Part for an average rating over the measurement
period of 4.4 (or better).

As an additional condition, a term of the performance conditions include that
no part of such LTIP awards will vest unless the Remuneration Committee is
satisfied as to overall Company performance over the period until vesting,
and, as required by the UK Corporate Governance Code, the Remuneration
Committee will retain a power to moderate the vesting levels from awards if
this is appropriate in all of the circumstances, including consideration of
shareholder experience.

The following notifications, made pursuant to Article 19 of the UK Market
Abuse Regulation, provide further details.

 1.                                          Details of PDMR
 (a)                                         Name                                                             1. Adrian Blair

                                                                                                              2. Hanno Damm
 (b)                                         Position/status                                                  1. Chief Executive Officer / PDMR

                                                                                                              2. Chief Financial Officer / PDMR
 (c)                                         Initial notification/amendment                                   Initial Notification
 2.                                          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 and identification code  Ordinary shares of GBP 0.01 each in

                                                                                                              Trustpilot Group plc

                                                                                                              (LEI: 2138002ILUNMGNPSGG46)

                                                                                                              ISIN: GB00BNK9TP58
 (b)                                         Nature of the transaction                                        Grant of a conditional award under the Trustpilot Group plc Long Term
                                                                                                              Incentive Plan
 (c)                                         Price(s) and volume(s)                                           Price(s)                  Volume(s)
                                                                                                              1.   Nil                  1.   609,632

                                                                                                              2.   Nil                  2.   427,766
 (d)                                         Aggregated information/Aggregated volume Price                   N/A - single transactions
 (e)                                         Date of the transaction                                          2024-04-02 (UTC+1)
 (f)                                         Place of the transaction                                         Outside a trading venue

 

 

Enquiries:

 

 Trustpilot:              Anne McSherry, Company Secretary

                          corporateservices@trustpilot.com
 Headland Consultancy:    Stephen Malthouse

                          Charlie Pepper

                          +44 (0)73 1136 9861

 

 

 

 

 

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