Smith & Nephew Plc Director/PDMR Shareholding (1286T)
November 10 2023 - 6:56AM
UK Regulatory
TIDMSN.
RNS Number : 1286T
Smith & Nephew Plc
10 November 2023
SMITH & NEPHEW PLC
10 NOVEMBER 2023
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE
REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND
PERSONS CLOSELY ASSOCIATED WITH THEM.
VESTING OF RESTRICTED STOCK UNIT AWARDS GRANTED UNDER THE AWARD
AGREEMENT DATED 29 APRIL 2022
In line with the announcement published on 3 May 2022, certain
Restricted Stock Unit Awards of US$0.20 ordinary shares (the
"Shares") in Smith & Nephew plc (the "Company") granted to
Deepak Nath vested on 8 November 2023. These Restricted Stock Unit
Awards formed part of the buy-out awards granted in respect of
outstanding incentives Deepak Nath forfeited upon leaving his
former company.
i. PARTIAL AND FINAL VESTING ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK UNIT AWARD:
A Restricted Stock Unit Award of 8,716 shares was granted to
Deepak Nath on 29 April 2022. One half of these shares (4,358
shares) vested on 8 November 2022 and the remaining half vested on
8 November 2023. A number of Shares were sold to cover taxation
obligations arising on the vesting of the award.
The following relates to the individual included in the below
notification in respect of the award that vested on 8 November
2023:
Reason for the notification
Initial notification Initial notification
/Amendment
------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Smith & Nephew plc
------------------------------------------
LEI 213800ZTMDN8S67S1H61
------------------------------------------
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
Description of the Smith & Nephew plc ordinary shares of
financial instrument, USD 0.20 each
type of instrument
------------------------------------------
Identification code ISIN: GB0009223206
------------------------------------------
Nature of the transaction Partial and final vesting of a Restricted
Stock Unit Award granted on 29 April
2022 under the award agreement.
------------------------------------------
Date of Transaction 2023 - 11 - 08
------------------------------------------
Place of Transaction London Stock Exchange (XLON)
------------------------------------------
Name Price
(Position) Status (GBP) Volume Aggregated information
Deepak Nath Director 9.878 4,358 (of which N/A Single Transaction
(Chief Executive 1,771 shares were
Officer) sold to cover taxes
due and 2,587 shares
retained)
--------- ------- ---------------------- -----------------------
ii. PARTIAL VESTING ON 8 NOVEMBER 2023 OF A RESTRICTED STOCK UNIT AWARD:
A Restricted Stock Unit Award of 12,061 shares was granted to
Deepak Nath on 29 April 2022. One quarter of these shares (3,015
shares) vested on 8 November 2022, a second quarter has vested on 8
November 2023, a third quarter will vest on 8 November 2024 and the
final quarter will vest on 8 November 2025. A number of Shares were
sold to cover taxation obligations arising on the vesting of the
award.
The following relates to the individual included in the below
notification in respect of the award that vested on 8 November
2023:
Reason for the notification
Initial notification Initial notification
/Amendment
-------------------------------------------
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Name Smith & Nephew plc
-------------------------------------------
LEI 213800ZTMDN8S67S1H61
-------------------------------------------
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
Description of the Smith & Nephew plc ordinary shares of
financial instrument, USD 0.20 each
type of instrument
-------------------------------------------
Identification code ISIN: GB0009223206
-------------------------------------------
Nature of the transaction Partial vesting of a Restricted Stock
Unit Award granted on 29 April 2022 under
the award agreement.
-------------------------------------------
Date of Transaction 2023 - 11 - 08
-------------------------------------------
Place of Transaction London Stock Exchange (XLON)
-------------------------------------------
Name Price Aggregated
(Position) Status (GBP) Volume information
Deepak Nath Director 9.878 3,015 (of which N/A Single Transaction
(Chief Executive 1,225 shares were
Officer) sold to cover
taxes due and
1,790 shares retained)
--------- ------- ------------------------ -----------------------
Sarah Carne
Deputy Company Secretary
Smith & Nephew plc
Tel: +44 (0)1923 477100
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END
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