Pearson PLC Director/PDMR Shareholding (9355J)
April 05 2018 - 5:05AM
UK Regulatory
TIDMPSON
RNS Number : 9355J
Pearson PLC
05 April 2018
Pearson plc - (the "Company")
Notification of PDMRs' Interests
Management Incentive Plan
In 2017, the Company established the Pearson Management
Incentive Plan (the "MIP"). Its purpose is to link senior
management's short- and long-term reward with Pearson's financial
performance and its progress against key strategic objectives. The
MIP may settle awards with market purchased shares, but not newly
issued or treasury shares. Executive Directors may not participate
in the MIP.
On 3 April 2018, the Company made a grant of restricted shares
to members of the Pearson Executive under the MIP. The number of
shares granted is based on performance in the 2017 financial year
and the share price on 1 March 2018. The awards will vest on 31
March 2021. Two-thirds of these shares remain subject to the
Company meeting a minimum performance underpin based on Pearson's
earnings per share in 2020 and one-third of these shares are
subject to continued employment to the vesting date only.
Long-Term Incentive Plan
In addition, fulfilling a buyout promise made on hire to
Jonathan Chocqueel-Mangan, an award of shares has been made to him
and will vest as follows: one-half of these shares will vest in
March 2019, and one-half of these shares will vest in March 2020,
subject to continued employment only.
The following notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ---------------------------------------------------------------
a) Name Albert Hitchcock
---- -------------------------- -----------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position/status Chief Technology and Operations
Officer
---- -------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- -----------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- -----------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ===================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- ------------------- --------------
Purchase price:
N/A 104,610
--------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 104,610
- Aggregated volume shares
- Price Aggregated price: N/A
---- -------------------------- -----------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- -----------------------------------
f) Place of the transaction N/A
---- -------------------------- -----------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------
a) Name Tim Bozik
---- -------------------------- ---------------------------------
2 Reason for the notification
---- -------------------------------------------------------------
a) Position/status President, Global Product
---- -------------------------- ---------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ---------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- -------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ---------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ---------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== =================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- ------------------ -------------
Purchase price:
N/A 118,212
-------------------------------------------------- -------------
d) Aggregated information Aggregated volume: 118,212
- Aggregated volume shares
- Price Aggregated price: N/A
---- -------------------------- ---------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ---------------------------------
f) Place of the transaction N/A
---- -------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Rod Bristow
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status President, Core Markets
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
---- -------------------------- ------------------------------------
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 86,352
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 86,352 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Kevin Capitani
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status President, North America
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ====================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 97,121
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 97,121 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------
a) Name Giovanni Giovannelli
---- -------------------------- ---------------------------------
2 Reason for the notification
---- -------------------------------------------------------------
a) Position/status President Growth Markets
---- -------------------------- ---------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ---------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- -------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ---------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ---------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== =================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- ------------------ -------------
Purchase price:
N/A 109,958
-------------------------------------------------- -------------
d) Aggregated information Aggregated volume: 109,958
- Aggregated volume shares
- Price Aggregated price: N/A
---- -------------------------- ---------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ---------------------------------
f) Place of the transaction N/A
---- -------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Bob Whelan
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status President, Pearson Assessments
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ====================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 90,808
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 90,808 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Kate James
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status Chief Corporate Affairs and
Global Marketing Officer
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ====================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 92,459
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 92,459 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Bjarne Tellmann
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status General Counsel and Chief Legal
Officer
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ====================================
b) Nature of the Grant of restricted shares
transaction awarded under the Management
Incentive Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 84,204
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 84,204 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------
a) Name Jonathan Chocqueel-Mangan
---- -------------------------- ------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------
a) Position/status Chief Strategy Officer
---- -------------------------- ------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ----------------------------------------------------------------
a) Name Pearson plc
---- -------------------------- ------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- -------------------------- ------------------------------------
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 Ordinary shares of 25 pence
the financial each in Pearson plc
instrument, type
of instrument ISIN: GB0006776081
Identification
code
==== ========================== ====================================
b) Nature of the Award of restricted shares
transaction under the Long-Term Incentive
Plan
---- -------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------- -------------------- --------------
Purchase price:
N/A 16,552
---------------------------------------------------- --------------
d) Aggregated information Aggregated volume: 16,552 shares
- Aggregated volume Aggregated price: N/A
- Price
---- -------------------------- ------------------------------------
e) Date of the transaction 3 April 2018
---- -------------------------- ------------------------------------
f) Place of the transaction N/A
---- -------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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