Last checked at 6 Jun 2022 15:00
6 June 2022
J Sainsbury plc
(the 'Company')
Directors/PDMRs Shareholding
On 1 June 2022, the following Directors and Persons Discharging Managerial Responsibility ('PDMRs') were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016 ('LTIP'). The awards were granted as nil-cost options over ordinary shares of 284/7 pence each in the Company ('Shares') as set out below:
Leaders' Share Award ('LSAs')
PDMRs | Core Award Number of Shares | Maximum Award Number of Shares |
Simon Roberts (Director) | 245,773 | 983,092 |
Kevin O'Byrne (Director) | 166,188 | 664,752 |
Rhian Bartlett | 107,468 | 429,872 |
Graham Biggart | 97,698 | 390,792 |
Jim Brown | 28,864 | 115,456 |
Tim Fallowfield | 75,838 | 303,352 |
Mark Given | 101,118 | 404,472 |
Philip Jordan | 126,397 | 505,588 |
Clodagh Moriarty | 107,468 | 429,872 |
Paula Nickolds | 101,118 | 404,472 |
Angie Risley | 90,473 | 361,892 |
(1) The LSAs are subject to performance conditions measured over three financial years. The LSAs will normally vest after three years, subject to the achievement of the performance conditions.
(2) The LSAs for Simon Roberts and Kevin O'Byrne will be subject to an additional retention period, meaning that any vested LSAs will be released five years after the date of grant.
(3) Should maximum vesting be achieved, participants would receive four times the number of Shares of their core award.
(4) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
(5) The share price to determine the number of Shares awarded was based on the five dealing day average Share price prior to the grant date.
(6) For CRDV banking regulatory purposes, the number of shares awarded to Jim Brown will not be increased to reflect any dividends accrued during the award's vesting period. However, a one time fair value adjustment to his award was made at the point of grant based on a forecasted dividend yield over the vesting period to reflect the absence of dividend equivalents accrued during the vesting period.
The PDMRs were also granted Shares under the LTIP as set out below:
Bonus Share Awards ('BSAs')
PDMRs | Number of Shares |
Simon Roberts (Director) | 363,601 |
Kevin O'Byrne (Director) | 223,511 |
Rhian Bartlett | 153,334 |
Graham Biggart | 63,465 |
Jim Brown | 184,741 |
Tim Fallowfield | 112,353 |
Mark Given | 147,438 |
Philip Jordan | 188,884 |
Clodagh Moriarty | 158,442 |
Paula Nickolds | 109,060 |
Angie Risley | 135,200 |
(1) The BSAs were granted based on performance during the 2021/22 financial year.
(2) The BSAs will vest following a two-year retention period, except for Jim Brown's award, which will vest after a three-year retention period.
(3) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
(4) The share price to determine the number of Shares awarded was based on the five dealing days average Share price prior to the grant date.
(5) For CRDV banking regulatory purposes, the number of shares awarded to Jim Brown will not be increased to reflect any dividends accrued during the award's retention period. However, a one time fair value adjustment to his award was made at the point of grant based on a forecasted dividend yield over the retention period to reflect the absence of dividend equivalents accrued during the retention period.
The Notification of Dealing Forms for each PDMR can be found below.
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information please contact:
Enquiries
Investor Relations: James Collins +44 (0) 20 7695 0080
Media: Rebecca Reilly +44 (0) 20 7695 7295
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Simon Roberts | |
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 | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 983,092 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 363,601 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Kevin O'Byrne | |
2 | Reason for the notification
| ||
a) | Position/status | Chief Financial Officer | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 664,752 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 223,511 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Rhian Bartlett | |
2 | Reason for the notification
| ||
a) | Position/status | Food Commercial Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 429,872 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 153,334 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Graham Biggart | |
2 | Reason for the notification
| ||
a) | Position/status | Chief Transformation Officer | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 390,792 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 63,465 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Jim Brown | |
2 | Reason for the notification
| ||
a) | Position/status | Chief Executive Officer, Sainsbury's Bank | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 115,456 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 184,741 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Tim Fallowfield | |
2 | Reason for the notification
| ||
a) | Position/status | Company Secretary and Corporate Services Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 303,352 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 112,353
| ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Mark Given | |
2 | Reason for the notification
| ||
a) | Position/status | Chief Marketing Officer | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 404,472
| ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 147,438 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Phil Jordan | |
2 | Reason for the notification
| ||
a) | Position/status | Chief 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 | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 505,588 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 188,884 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Clodagh Moriarty | |
2 | Reason for the notification
| ||
a) | Position/status | Retail and Digital Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 429,872 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 158,442 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Paula Nickolds | |
2 | Reason for the notification
| ||
a) | Position/status | General Merchandise & Clothing Commercial Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 404,472 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 109,060 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Angie Risley | |
2 | Reason for the notification
| ||
a) | Position/status | Group HR Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name | J Sainsbury plc
| |
b) | LEI | 213800VGZAAJIKJ9Y484
| |
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
| ||
| Transaction 1 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Awards of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 361,892 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |
| Transaction 2 | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 284/7 pence each
| |
Identification code | ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of Shares granted under the J Sainsbury plc Long Term Incentive Plan 2016 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£nil | 135,200 | ||
d) | Aggregated information
| Aggregated price | Aggregated volume |
N/A | N/A | ||
e) | Date of the transaction | 1 June 2022
| |
f) | Place of the transaction | Outside a trading venue | |