FOR IMMEDIATE RELEASE 9 MAY 2024
WPP plc ("WPP")
Executive Share Awards
WPP's Executive Director's annual bonus for 2023 was delivered in the form of a cash award and a deferred share award comprising 40% of the total bonus achieved. The Executive Share Award (ESA) will vest after two years, subject to continued employment.
The 2023 ESA award was granted on 7 May 2024 as follows:
Executive Director | Number of shares awarded |
Mark Read | 63,469 |
Joanne Wilson | 23,519 |
Andrew Scott | 29,460 |
Notes
1) These awards were made in accordance with the terms of the 2023 Directors' Compensation Policy as approved by shareholders on 17 May 2023
2) Additional shares will be awarded at vesting in lieu of dividends on the shares that vest
3) Awards to Executive Directors are subject to an additional two-year post-vesting holding period
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Mark Read | ||||
b) | Position/status | Chief Executive Officer | ||||
c) | Initial notification/ | Initial notification | ||||
2. | Details of the issuer | |||||
a) | Full name of the entity | WPP plc | ||||
b) | Legal Entity Identifier code | 549300LSGBXPYHXGDT93 | ||||
3. | 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 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 | ||||
b) | Nature of the transaction | Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018 | ||||
c) | Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
| ||||
d) | Aggregated information - Aggregated number - Aggregated Price - Total | N/A (single transaction)
| ||||
e) | Date of the transaction | 7 May 2024 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) |
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Joanne Wilson | ||||
b) | Position/status | Chief Financial Officer | ||||
c) | Initial notification/ | Initial notification | ||||
2. | Details of the issuer | |||||
a) | Full name of the entity | WPP plc | ||||
b) | Legal Entity Identifier code | 549300LSGBXPYHXGDT93 | ||||
3. | 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 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 | ||||
b) | Nature of the transaction | Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018
| ||||
c) | Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
| ||||
d) | Aggregated information - Aggregated number - Aggregated Price - Total | N/A | ||||
e) | Date of the transaction | 7 May 2024 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) |
1. | Details of PDMR/person closely associated with them ('PCA') | |||||
a) | Name | Andrew Scott | ||||
b) | Position/status | Chief Operating Officer | ||||
c) | Initial notification/ | Initial notification | ||||
2. | Details of the issuer | |||||
a) | Full name of the entity | WPP plc | ||||
b) | Legal Entity Identifier code | 549300LSGBXPYHXGDT93 | ||||
3. | 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 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 | ||||
b) | Nature of the transaction | Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018 | ||||
c) | Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
| ||||
d) | Aggregated information - Aggregated number - Aggregated Price - Total | N/A | ||||
e) | Date of the transaction | 7 May 2024 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) |
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
Balbir Kelly-Bisla
Group Company Secretary
Contact for further information:
Chris Wade, WPP
+44 (0)20 7282 4600
About WPP
WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.
END
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.