BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or connected persons
EDIP Performance Share award 2022-24 vesting
BP p.l.c. announces that, on 27 May 2025, the vesting of shares awarded to the following executive director of BP p.l.c. in 2022 under the BP Executive Directors' Incentive Plan ("EDIP") took place.
The remuneration committee of the board of BP p.l.c. determined that 66.5% of the shares awarded under the EDIP Performance Share award 2022-24 would vest. This determination is detailed in the Directors' Remuneration Report contained in BP's Annual Report and Form 20-F 2024. Under the EDIP plan rules, the number of shares detailed below will be retained for a further period of three years upon vesting before their release to the beneficiary.
|
| Vested amount, including accrued dividends | Shares representing tax liabilities and costs | Released amount |
| Murray Auchincloss | 714,785 | 336,621 | 378,164 |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Murray Auchincloss | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief executive officer / Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | BP p.l.c. | ||||
| b) | LEI | 213800LH1BZH3DI6G760 | ||||
| 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, type of instrument Identification code | Ordinary shares of $0.25 GB0007980591 | ||||
| b) | Nature of the transaction | Shares sold to cover tax liabilities and dealing costs pursuant to the vesting of an award made under the BP Executive Directors' Incentive Plan. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Volume
- Price
- Total |
336,621
£3.594736 per share
£1,210,063.63 | ||||
| e) | Date of the transaction | 27 May 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Murray Auchincloss | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief executive officer / Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | BP p.l.c. | ||||
| b) | LEI | 213800LH1BZH3DI6G760 | ||||
| 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, type of instrument Identification code | Ordinary shares of $0.25 GB0007980591 | ||||
| b) | Nature of the transaction | Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, after adjusting for accrued dividends, tax and dealing costs. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Volume
- Price
- Total |
378,164
Nil consideration. Market value £3.6005 per share
Nil. Market value £1,361,579.48 | ||||
| e) | Date of the transaction | 27 May 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
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