BP PLC Director/PDMR Shareholding
July 31 2024 - 10:25AM
RNS Regulatory News
RNS Number : 6527Y
BP PLC
31 July 2024
BP
p.l.c.
Notification
of transactions of persons discharging managerial responsibility or
connected persons
EDIP
Performance Share Award 2021-23 - vesting
BP p.l.c. announces that, on 30 July 2024, the
vesting of shares previously awarded to the following Executive
Directors of BP p.l.c. under the BP Executive Directors' Incentive
Plan ("EDIP") occurred.
The remuneration committee of the board of BP p.l.c.
determined that 75% of the shares awarded under the EDIP
Performance Share Award 2021-23 would vest. The rationale behind
this determination is detailed in the Directors' Remuneration
Report contained in BP's Annual Report and Form 20-F 2023. Under
the EDIP plan rules, the number of shares detailed below will be
retained for a further period of three years before their release
to the beneficiary.
|
|
Vested
amount
|
Shares representing
tax liabilities
|
Released
amount
|
|
Murray Auchincloss
|
965,813
|
454,841
|
510,972
|
|
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)
|
|
Price(s)
|
Volume(s)
|
|
£4.594114
|
454,841
|
|
|
d)
|
Aggregated information
-
Volume
-
Price
-
Total
|
454,841
£4.594114
£2,089,591.41
|
|
e)
|
Date of the transaction
|
30 July 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON)
|
|
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 an
award made under the BP Executive Directors' Incentive Plan,
following adjustments for tax and dividends.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil consideration
|
510,972
|
|
|
d)
|
Aggregated information
-
Volume
-
Price
-
Total
|
510,972
Nil consideration. Market value £4.5165
per share
Nil. Market value £2,307,805.04
|
|
e)
|
Date of the transaction
|
30 July 2024
|
|
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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