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31 Jul 2024 16:25
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) |
| ||||
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) |
| ||||
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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