Last checked at 30 Dec 2020 11:00
easyJet plc
(the "Company")
Director/PDMR shareholding
30 December 2020
The Company announces that the Chief Executive Officer and PDMRs were granted awards under the Company's Long Term Incentive Plan (LTIP) on 29 December 2020 as set out below.
PDMR | Type of Award | Number of shares subject to Award |
Johan Lundgren (CEO) | LTIP | 214,369 |
Peter Bellew | LTIP | 56,779 |
Restricted Stock | 56,779 | |
Ella Bennett | LTIP | 28,030 |
Restricted Stock | 28,030 | |
Maaike de Bie | LTIP | 34,129 |
Restricted Stock | 34,129 | |
Stuart Birrell | LTIP | 26,072 |
Restricted Stock | 26,072 | |
Sophie Dekkers | LTIP | 23,465 |
Restricted Stock | 23,465 | |
Thomas Haagensen | LTIP | 29,651 |
Restricted Stock | 29,651 | |
Garry Wilson | LTIP | 41,368 |
Restricted Stock | 41,368 |
Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.
The LTIP Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and the extent which performance conditions are met. As set out in the 2020 Annual Report, the Remuneration Committee has decided to delay the selection of metrics and targets until 2021. It is the Remuneration Committee's intention that the metrics selected will be re-aligned with the priorities of delivering a sustainable recovery over the three-year performance period. The final LTIP metrics and targets, therefore, will be disclosed in the Annual Report for the year ending 30 September 2021. In addition, the final vesting of any awards will be considered carefully by the Remuneration Committee at that time to ensure the value delivered to participants remains appropriate relative to the performance of the Group, shareholder experience, and wider workforce impact over the entire period. In particular the Committee will ensure that no undue windfall gains are made as a result of share price movements.
The Restricted Stock Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and will not be subject to further performance conditions.
In addition, and as disclosed in the Company's 2020 Annual Report, the Chief Executive Officer is required to retain the after-tax value of any shares under the LTIP award for a further two years from the vesting date (i.e. until 29 December 2025). The Chief Executive Officer is also expected to build and maintain a shareholding equivalent of at least 250% of salary over a five-year period following appointment.
In case of queries please contact:
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The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||
a) | Name | Johan Lundgren
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2. | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification/ Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | easyJet plc | ||||||
b) | LEI | 2138001S47XKWIB7TH90 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | ||||||
b) | Nature of the transaction | Grant of LTIP Award under the easyJet Long Term Incentive Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 214,369
GBP Nil | ||||||
e) | Date of the transaction | 2020-12-29 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Peter Bellew
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2. | Reason for the notification | ||||||||||
a) | Position/status | Chief Operating Officer | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 113,558
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Ella Bennett
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2. | Reason for the notification | ||||||||||
a) | Position/status | Group People Director | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 56,060
GBP Nil | |||||||||
e) | Date of the transaction | 2019-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Maaike de Bie
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2. | Reason for the notification | ||||||||||
a) | Position/status | Group General Counsel & Company Secretary | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 68,258
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Stuart Birrell
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2. | Reason for the notification | ||||||||||
a) | Position/status | Chief Data & Information Officer | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 52,144
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Sophie Dekkers
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2. | Reason for the notification | ||||||||||
a) | Position/status | Chief Commercial Officer | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 46,930
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Thomas Haagensen
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2. | Reason for the notification | ||||||||||
a) | Position/status | Group Markets Director | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 59,302
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Garry Wilson
| |||||||||
2. | Reason for the notification | ||||||||||
a) | Position/status | CEO, easyJet Holidays | |||||||||
b) | Initial notification/ Amendment | Initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | easyJet plc | |||||||||
b) | LEI | 2138001S47XKWIB7TH90 | |||||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 27 2/7p
ISIN: GB00B7KR2P84 | |||||||||
b) | Nature of the transaction | Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
| |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Aggregated volume: 82,736
GBP Nil | |||||||||
e) | Date of the transaction | 2020-12-29 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||