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Last checked at 
27 Mar 2026 16:00
BAE Systems plc
Director/PDMR Shareholding
BAE Systems plc announces that on 25 and 26 March 2026, the following Persons Discharging Managerial Responsibilities ("PDMRs") exercised performance shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:
1. Exercise of BAE Systems Performance shares
Name of PDMR | Number of shares |
Thomas Arseneault | 372,264 |
Caitlin Hayden | 13,973 |
Simon Barnes | 71,339 |
2. Exercise of BAE Systems Restricted shares
In addition, on 25 March 2026, the following PDMR exercised restricted shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:
Name of PDMR | Number of shares |
Thomas Arseneault | 148,235 |
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | BAE Systems plc | |||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | President & Chief Executive Officer of BAE Systems, Inc. | |||||||||
b) | Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Thomas Arseneault | |||||||||
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 2.5p each in BAE Systems plc GB0002634946 | |||||||||
b)
| Nature of the transaction
| Exercise of 209,293 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 209,293 shares, including those to satisfy tax liabilities. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 209,293 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 209,293 Price GBP: £4,448,522.71
| |||||||||
e) | Date of the transaction | 2026-03-25 | |||||||||
f) | Place of the transaction | XLON - London Stock Exchange | |||||||||
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | BAE Systems plc | ||||||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | President & Chief Executive Officer of BAE Systems, Inc. | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Thomas Arseneault | ||||||||||||
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 2.5p each in BAE Systems plc GB0002634946 | ||||||||||||
b)
| Nature of the transaction
| Exercise of 148,235 restricted shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 66,992 shares, including those to satisfy tax liabilities. | ||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 148,235 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 66,992 Price GBP: £1,423,914.96
| ||||||||||||
e) | Date of the transaction | 2026-03-25 | ||||||||||||
f) | Place of the transaction | XLON - London Stock Exchange | ||||||||||||
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | BAE Systems plc | ||||||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Group Communications Director | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Caitlin Hayden | ||||||||||||
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 2.5p each in BAE Systems plc GB0002634946 | ||||||||||||
b)
| Nature of the transaction
| Exercise of 5,482 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 2,439 shares, including those to satisfy tax liabilities. | ||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 5,482 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 2,439 Price GBP: £51,840.94
| ||||||||||||
e) | Date of the transaction | 2026-03-25 | ||||||||||||
f) | Place of the transaction | XLON - London Stock Exchange | ||||||||||||
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | BAE Systems plc | |||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | President & Chief Executive Officer of BAE Systems, Inc. | |||||||||
b) | Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Thomas Arseneault | |||||||||
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 2.5p each in BAE Systems plc GB0002634946 | |||||||||
b)
| Nature of the transaction
| Exercise of 162,971 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 162,971 shares, including those to satisfy tax liabilities. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 162,971 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 162,971 Price GBP: £3,488,394.25
| |||||||||
e) | Date of the transaction | 2026-03-26 | |||||||||
f) | Place of the transaction | XLON - London Stock Exchange | |||||||||
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | BAE Systems plc | ||||||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Group Communications Director | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | Caitlin Hayden | ||||||||||||
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 2.5p each in BAE Systems plc GB0002634946 | ||||||||||||
b)
| Nature of the transaction
| Exercise of 8,491 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 3,370 shares, including those to satisfy tax liabilities. | ||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 8,491 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 3,370 Price GBP: £72,134.85
| ||||||||||||
e) | Date of the transaction | 2026-03-26 | ||||||||||||
f) | Place of the transaction | XLON - London Stock Exchange | ||||||||||||
1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | BAE Systems plc | |||||||||
b) | LEI | 8SVCSVKSGDWMW2QHOH83 | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Group Managing Director, Air | |||||||||
b) | Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Simon Barnes | |||||||||
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 2.5p each in BAE Systems plc GB0002634946 | |||||||||
b)
| Nature of the transaction
| Exercise of 71,339 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 71,339 shares, including those to satisfy tax liabilities. | |||||||||
c)
| Price(s) and volume(s)
|
| |||||||||
d) | Aggregated information - Aggregated volume - Price | Exercise Volume: 71,339 Price GBP: £0
Shares sold, including those to satisfy tax liabilities Volume: 71,339 Price GBP: £1,507,749.76
| |||||||||
e) | Date of the transaction | 2026-03-26 | |||||||||
f) | Place of the transaction | XLON - London Stock Exchange | |||||||||
Legal Entity Identifier (LEI): 8SVCSVKSGDWMW2QHOH83
27 March 2026
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