Last checked at 19 Apr 2024 16:10
For Immediate Release | 19 April 2024 |
Hunting PLC
("Hunting" or "the Company")
Directors Shareholding/PDMR
Hunting PLC today announces the following share awards granted to the executive Directors and members of the Executive Committee on 18 April 2024, under the rules of the 2024 Hunting Performance Share Plan ("HPSP"), which was approved by shareholders at the Annual General Meeting on 17 April 2024.
PDMR | Position | Number of Performance based awards granted | Number of Time based awards granted |
Jim Johnson | Executive Director | 665,858 | 190,245 |
Bruce Ferguson | Executive Director | 155,105 | 48,470 |
Jason Mai | Executive Committee | 105,888 | 70,592 |
Scott George | Executive Committee | 111,943 | 74,629 |
Stewart Barrie | Executive Committee | 29,028 | 19,352 |
Liese Borden | Executive Committee | 61,834 | 41,223 |
Ryan Elliott | Executive Committee | 51,529 | 34,352 |
Gregory Farmer | Executive Committee | 66,576 | 44,384 |
Dane Tipton | Executive Committee | 91,315 | 60,877 |
Ben Willey | Executive Committee | 63,797 | 42,532 |
The share awards are subject to vesting on the third anniversary of the grant date. The share awards granted to Jim Johnson are 350% performance-based and 100% time-based of annual salary and 160% performance-based and 50% time-based for Bruce Ferguson. The other members of the Executive Committee are 60% performance-based and 40% time-based.
This year, the performance conditions and targets attached to the performance-based awards of the 2024 HPSP grant are as follows:
Performance Condition | Proportion | Threshold Vesting | Maximum Vesting |
EPS | 15% | 50.0 cents | 60.0 cents |
ROCE | 25% | 13.5% | 15.0% |
TSR | 30% | Median | Upper Quartile |
FCF | 15% | $220m | $270m |
Strategic Scorecard | |||
- Safety | 7.5% | 2.00 | |
- Quality Assurance | 7.5% | 0.8 |
The EPS and ROCE performance conditions will be measured against the financial performance of the Company for the year ended 31 December 2026, while the TSR, FCF and Strategic Scorecard performance conditions will be measured based on data for the three year performance period ended 31 December 2026. Time-based awards granted to the Executive Directors are subject to an underpin, which will be determined by the Remuneration Committee based on the Committee's assessment of the underlying performance of the business over the performance period against a range of objective factors.
The number of shares subject to the award were determined by using the closing middle market price of a Hunting PLC Ordinary share on 17 April 2024, being 355.5 pence per share.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Jim Johnson | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Executive | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 856,103 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 856,103 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Bruce Ferguson | |||
2 | Reason for the notification | ||||
a) | Position/status | Finance Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 203,575 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 203,575 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Jason Mai | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 176,480 Ordinary Shares | ||||
d) |
Aggregated information |
| |||
- Aggregated volume | 176,480 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Scott George | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Awards over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 186,572 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 186,572 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Stewart Barrie | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 48,380 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 48,380 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Liese Borden | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 103,057 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 103,057 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Ryan Elliott | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 85,881 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 85,881 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Gregory Farmer | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 110,960 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 110,960 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Dane Tipton | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 152,192 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 152,192 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Ben Willey | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Committee Member | |||
b) | Initial notification /Amendment | Initial notification | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Hunting PLC | |||
b) | LEI | 2138008S5FL78ITZRN66 | |||
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 | Awards over Ordinary Shares of 25 pence each | |||
Identification code | ISIN:- GB0004478896 | ||||
b) | Nature of the transaction | Grant of Share Options over Ordinary Shares under the rules of the Hunting Performance Share Plan (HPSP) | |||
c) | |||||
Price(s) and volume(s) | Price(s) | Volume(s) | |||
Nil cost | 106,329 Ordinary Shares | ||||
d) |
Aggregated information | ||||
- Aggregated volume | 106,329 | ||||
- Price | Nil | ||||
e) | Date of the transaction | 18 April 2024 | |||
f) | Place of the transaction | London | |||
For further information please contact:
Ben Willey, Company Secretary | 020 7321 0123 |