Pearson PLC Director/PDMR Shareholding (9889I)
06 September 2016 - 12:05AM
UK Regulatory
TIDMPSON
RNS Number : 9889I
Pearson PLC
05 September 2016
5 September 2016
Pearson plc - (the "Company")
Notification of PDMRs' Interests
Long-Term Incentive Plan
In 2001, the Company established the Pearson Long-Term Incentive
Plan (the "LTIP"). Its purpose is to link management's long-term
reward with Pearson's financial performance and returns to
shareholders. The LTIP was renewed and approved by shareholders in
2011 and its operation is governed by the remuneration policy
approved by shareholders at the Annual General Meeting on 25 April
2014.
On 1 September 2016, the Company made a grant to Kevin Capitani,
a PDMR, of 128,000 performance-related restricted shares. 75% of
these shares will vest in 2019 subject to Pearson's earnings per
share in 2018. The final 25% of these shares will vest in 2021
subject to Pearson's earnings per share in 2018 and the
participant's continued employment through to the fifth anniversary
of the award.
The notification below is made in accordance with the
requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
---- --------------------------------------------------------------------------------
a) Name Kevin Capitani
---- ----------------------------------- -------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------
a) Position/status President, North America
---- ----------------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
---- ----------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------------------
a) Name Pearson plc
---- ----------------------------------- -------------------------------------------
b) LEI 2138004JBXWWJKIURC57
---- ----------------------------------- -------------------------------------------
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 Ordinary shares of 25 pence each in
of the financial Pearson plc
instrument,
type of instrument ISIN: GB0006776081
Identification
code
---- ----------------------------------- -------------------------------------------
b) Nature of Award of performance-related restricted
the transaction shares under the Long-Term Incentive
Plan
---- ----------------------------------- -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- ----------------------------------- ------------------- ----------------------
n/a 128,000
------------------------------------------------------------ ----------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
---- ----------------------------------- -------------------------------------------
e) Date of the 1 September 2016
transaction
---- ----------------------------------- -------------------------------------------
f) Place of the n/a
transaction
---- ----------------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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