Last checked at 27 Feb 2023 16:00
27 February 2023
Shareholdings of persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs / KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
Performance Share Award ("PSA") granted under the Rio Tinto 2018 Equity Incentive Plan
The PSA is a performance based award which provides participants with the conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.
The PSA granted in 2018 is subject to a Total Shareholder Return (TSR) performance measure.
On 23 February 2023, the following PDMRs / KMPs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
Security | Name of PDMR / KMP | Conditional award granted | Number of shares lapsed | Number of shares vested* | Number of shares sold | Price per share | Number of shares retained | Date of transaction |
Rio Tinto plc shares | Stausholm, Jakob | 29,886 | 0 | 39,894 | 11,903 | GBP 59.221903 | 27,991 | 23/02/2023 |
Rio Tinto plc shares | Cunningham, Peter | 7,229 | 0 | 9,763 | 4,648 | GBP 59.221903 | 5,115 | 23/02/2023 |
Rio Tinto plc shares | Baatar, Bold | 63,039 | 0 | 85,143 | 40,530 | GBP 59.221903 | 44,613 | 23/02/2023 |
Rio Tinto plc shares | Barrios, Alfredo | 66,050 | 0 | 89,209 | 31,363 | GBP 59.221903 | 57,846 | 23/02/2023 |
Rio Tinto Limited shares | Kaufman, Sinead | 6,322 | 0 | 8,324 | 4,017 | AUD 122.5763 | 4,307 | 23/02/2023 |
Rio Tinto plc shares | Trott, Simon | 57,188 | 0 | 77,240 | 18,775 | GBP 59.221903 | 58,465 | 23/02/2023 |
Rio Tinto Limited shares | Vella, Ivan | 13,376 | 0 | 17,613 | 4,247 | AUD 122.5763 | 13,366 | 23/02/2023 |
\* The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity Incentive Plan
The MSA provides participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment.
On 23 February 2023, the following PDMRs / KMPs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.
Security | Name of PDMR / KMP | Conditional award granted | Number of shares vested* | Number of shares sold | Price per share | Number of shares retained | Date of transaction |
Rio Tinto plc shares | Cunningham, Peter | 3,713 | 4,551 | 2,167 | GBP 59.221903 | 2,384 | 23/02/2023 |
Rio Tinto Limited shares | Kaufman, Sinead | 4,289 | 5,160 | 2,491 | AUD 122.5763 | 2,669 | 23/02/2023 |
Rio Tinto Limited shares | Vella, Ivan | 1,931 | 2,323 | 787 | AUD 122.5763 | 1,536 | 23/02/2023 |
\* The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted.
FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.
LEI: 213800YOEO5OQ72G2R82Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation.
Contacts | Please direct all enquiries to media.enquiries@riotinto.com |
Media Relations, UK Matthew Klar M +44 7796 630 637
David Outhwaite M +44 7787 597 493
Media Relations, Americas Simon Letendre M +1 514 796 4973Malika CherryM +1 418 592 7293 Investor Relations, UK Menno Sanderse M +44 7825 195 178
David Ovington M +44 7920 010 978
Clare Peever M +44 7788 967 877
| Media Relations, Australia Matt Chambers M +61 433 525 739
Jesse Riseborough M +61 436 653 412
Alyesha Anderson M +61 434 868 118
Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948 |
Rio Tinto plc 6 St James's SquareLondon SW1Y 4ADUnited Kingdom T +44 20 7781 2000Registered in England No. 719885 | Rio Tinto Limited Level 43, 120 Collins Street Melbourne 3000 Australia
T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 |
This announcement is authorised for release to the market by Steve Allen, Rio Tinto's Group Company Secretary.
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