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1 May 2025 16:38
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or connected persons
EDIP deferred shares 2024 award
BP p.l.c. (the "Company") announces that on 30 April 2025 the following conditional share awards (the "Awards") were made to the chief executive officer and chief financial officer under the bp Executive Directors' Incentive Plan (the "Plan"). The Awards were made in accordance with the rules of the Plan and the 2023 directors' remuneration policy (the "Policy") and as provided for in the 2024 directors' remuneration report (the "Report"), which were approved by shareholders on 27 April 2023 and 17 April 2025 respectively.
Level of award
The Awards represent thirty-three per cent, and fifty per cent respectively, of the 2025 annual bonus which is required to be deferred into ordinary shares. In calculating the number of bp shares over which this Award has been made, the Remuneration Committee has applied the average price of bp shares over the 90 calendar days up to and including the annual general meeting that was held on 17 April 2025 (£4.21).
Number of shares subject to award
Name | Award |
Murray Auchincloss | 59,840 ordinary shares |
Kate Thomson | 51,947 ordinary shares |
These Awards will vest in three years in accordance with the rules of the Plan. The chief executive officer and chief financial officer will be entitled to the value of reinvested dividends on those ordinary shares which vest.
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 | 59,840 conditional share units (in the form of ordinary shares) awarded under the bp Executive Directors' Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
59,840
Nil consideration. Market value £4.21
Nil consideration. Market value £251,926.40 | ||||
e) | Date of the transaction | 30 April 2025 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kate Thomson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief financial 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 | 51,947 conditional share units (in the form of ordinary shares) awarded under the bp Executive Directors' Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
51,947
Nil consideration. Market value £4.21
Nil consideration. Market value £218,696.87 | ||||
e) | Date of the transaction | 30 April 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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