Change to LTIP terms of vesting for Directors

RNS Number : 5865J

Barclays PLC

14 April 2020

 

14 April 2020

Barclays PLC

Change to Barclays Long Term Incentive Plan ('LTIP') terms for directors

On 7 April 2020, the Barclays PLC Board Remuneration Committee determined that, in light of the current environment as a result of COVID-19, the release of the first portion of Mr Staley and Mr Morzaria's 2017 LTIP awards, that was due to vest in June 2020, shall be delayed. This portion will now vest, subject to the LTIP rules, on 8 March 2021.

Mr Staley and Mr Morzaria are supportive of the Remuneration Committee's determination in this regard.

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For further information, please contact:

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About Barclays

Barclays is a British universal bank.  We are diversified by business, by different types of customer and client, and geography.  Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

For further information about Barclays, please visit our website home.barclays

 

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