Pearson PLC Director/PDMR Shareholding (4089Q)
12 September 2017 - 12:11AM
UK Regulatory
TIDMPSON
RNS Number : 4089Q
Pearson PLC
11 September 2017
11 September 2017
Pearson plc - (the "Company")
Notification of Directors' 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. The operation of the LTIP is governed by the remuneration
policy approved by shareholders at the Annual General Meeting on 5
May 2017.
2017 Award
On 11 September 2017, the Company made a grant of
performance-related restricted shares to executive directors under
the LTIP. This represents the company's annual grant of long-term
incentives to executive directors for 2017.
The awards will vest on 1 May 2020 subject to the following
performance conditions:
a) 40% of the award will be based on Pearson's earnings per
share in 2019;
b) 30% of the award will be based on Pearson's return on
invested capital in 2019; and
c) 30% of the award will be based on Pearson's total shareholder
return performance relative to the constituents of the FTSE 100
Index over the three-year period 1 January 2017 to 31 December
2019
Details of the performance conditions can be found on the
Company's website (https://www.pearson.com/corporate/investors) and
will also be contained in the Directors' Remuneration Report for
the year ending 31 December 2017.
Any shares which vest on 1 May 2020 will be subject to an
additional two year holding period to 1 May 2022.
The awards are consistent with the remuneration policy approved
by shareholders at the Annual General Meeting on 5 May 2017 and
were made on the following basis:
Name Title Restricted Share price Face value on date
shares on date of award
awarded of award
----------------- ------- ----------- ------------ -------------------------
GBP % of base
salary
at date
of award
----------------- ------- ----------- ------------ ------------- ----------
John Fallon CEO 366,000 586.00p GBP2,144,760 275%
----------------- ------- ----------- ------------ ------------- ----------
Coram Williams CFO 215,000 586.00p GBP1,259,900 245%
----------------- ------- ----------- ------------ ------------- ----------
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 John Fallon
---- -------------------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------
a) Position/status Chief executive
---- -------------------------------------- -------------------------------------------
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 366,000
---------------------------------------------------------------- ---------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
---- -------------------------------------- -------------------------------------------
e) Date of the 11 September 2017
transaction
---- -------------------------------------- -------------------------------------------
f) Place of the n/a
transaction
---- -------------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- -----------------------------------------------------------------------------------
a) Name Coram Williams
---- -------------------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------
a) Position/status Chief financial officer
---- -------------------------------------- -------------------------------------------
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 215,000
---------------------------------------------------------------- ---------------------
d) Aggregated n/a
information
- Aggregated
volume
- Price
---- -------------------------------------- -------------------------------------------
e) Date of the 11 September 2017
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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