Director/PDMR Shareholding

RNS Number : 0470C

BP PLC

17 February 2022

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

EDIP Deferred 2021 award

BP p.l.c. (the "Company") announces that on 16 February 2022 the following conditional share awards (the "Awards") were made to the executive directors under the bp Executive Directors' Incentive Plan (the "Plan").  The Awards represent fifty per cent of the 2021 annual bonus which is required to be deferred into ordinary shares. The Awards were made in accordance with the rules of the Plan and the directors' remuneration policy (the "Policy") which were approved by shareholders on 27 May 2020. The executive directors will be entitled to the value of reinvested dividends on those ordinary shares which vest. 

Number of shares subject to award

Name Award
Bernard Looney 292,902 ordinary shares
Murray Auchincloss  164,569 ordinary shares

These awards will vest in 1Q 2025 in accordance with the rules of the Plan.
 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bernard Looney
2	Reason for the notification
a)	Position/status	Chief executive officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
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 of the financial instrument, type of instrument Identification code	Ordinary shares of $0.25 GB0007980591
b)	Nature of the transaction	292,902 conditional share units (in the form of ordinary shares) awarded under the bp Executive Directors' Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 292,902
d)	Aggregated information -  Volume -  Price -  Total	292,902 Nil consideration. Market value £4.0375 Nil. Market value £1,182,591.83
e)	Date of the transaction	16 February 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Murray Auchincloss
2	Reason for the notification
a)	Position/status	Chief financial officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
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 of the financial instrument, type of instrument Identification code	Ordinary shares of $0.25 GB0007980591
b)	Nature of the transaction	164,569 conditional share units (in the form of ordinary shares) awarded under the bp Executive Directors' Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 164,569
d)	Aggregated information -  Volume -  Price -  Total	164,569 Nil consideration. Market value £4.0375 Nil. Market value £664,447.34
e)	Date of the transaction	16 February 2022
f)	Place of the transaction	Outside a trading venue

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

 

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