Director/PDMR Shareholding

BP PLC
31 July 2024
 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

EDIP Performance Share Award 2021-23 - vesting

BP p.l.c. announces that, on 30 July 2024, the vesting of shares previously awarded to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan ("EDIP") occurred.

 

The remuneration committee of the board of BP p.l.c. determined that 75% of the shares awarded under the EDIP Performance Share Award 2021-23 would vest. The rationale behind this determination is detailed in the Directors' Remuneration Report contained in BP's Annual Report and Form 20-F 2023. Under the EDIP plan rules, the number of shares detailed below will be retained for a further period of three years before their release to the beneficiary.

 

 

Vested amount

Shares representing tax liabilities

Released amount

Murray Auchincloss

965,813

454,841

510,972

                                                                                               

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Murray Auchincloss

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

Shares sold to cover tax liabilities and dealing costs pursuant to the vesting of an award made under the BP Executive Directors' Incentive Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£4.594114

454,841

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

454,841

 

£4.594114

 

£2,089,591.41

 

e)

Date of the transaction

30 July 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Murray Auchincloss

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

Shares acquired pursuant to the vesting of an award made under the BP Executive Directors' Incentive Plan, following adjustments for tax and dividends.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil consideration

510,972

d)

Aggregated information

-      Volume

 

-      Price



-      Total

 

510,972

 

Nil consideration. Market value £4.5165 per share

 

Nil. Market value £2,307,805.04

 

e)

Date of the transaction

30 July 2024

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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