Director/PDMR Shareholding

RNS Number : 1261K

easyJet PLC

30 December 2020

 

easyJet plc

(the "Company")

Director/PDMR shareholding

30 December 2020

The Company announces that the Chief Executive Officer and PDMRs were granted awards under the Company's Long Term Incentive Plan (LTIP) on 29 December 2020 as set out below.

PDMR	Type of Award	Number of shares subject to Award
Johan Lundgren (CEO)	LTIP	214,369
Peter Bellew	LTIP	56,779
	Restricted Stock	56,779
Ella Bennett	LTIP	28,030
	Restricted Stock	28,030
Maaike de Bie	LTIP	34,129
	Restricted Stock	34,129
Stuart Birrell	LTIP	26,072
	Restricted Stock	26,072
Sophie Dekkers	LTIP	23,465
	Restricted Stock	23,465
Thomas Haagensen	LTIP	29,651
	Restricted Stock	29,651
Garry Wilson	LTIP	41,368
	Restricted Stock	41,368

Each of the Awards are in the form of a nil-cost option and no monetary consideration was paid for the Awards.

The LTIP Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and the extent which performance conditions are met. As set out in the 2020 Annual Report, the Remuneration Committee has decided to delay the selection of metrics and targets until 2021. It is the Remuneration Committee's intention that the metrics selected will be re-aligned with the priorities of delivering a sustainable recovery over the three-year performance period. The final LTIP metrics and targets, therefore, will be disclosed in the Annual Report for the year ending 30 September 2021. In addition, the final vesting of any awards will be considered carefully by the Remuneration Committee at that time to ensure the value delivered to participants remains appropriate relative to the performance of the Group, shareholder experience, and wider workforce impact over the entire period. In particular the Committee will ensure that no undue windfall gains are made as a result of share price movements.

The Restricted Stock Awards will vest and become exercisable on the third anniversary of their grant date (i.e. on 29 December 2023) subject to continued employment with the Company and will not be subject to further performance conditions.

In addition, and as disclosed in the Company's 2020 Annual Report, the Chief Executive Officer is required to retain the after-tax value of any shares under the LTIP award for a further two years from the vesting date (i.e. until 29 December 2025). The Chief Executive Officer is also expected to build and maintain a shareholding equivalent of at least 250% of salary over a five-year period following appointment.

In case of queries please contact:

Institutional investors and analysts: Michael Barker Investor Relations [phone] Holly Grainger Investor Relations [phone] Media: Anna Knowles Corporate Communications [phone] Dorothy Burwell Finsbury [phone] Edward Simpkins Finsbury [phone] / (0) 207 251 3801

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Johan Lundgren
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP Award under the easyJet Long Term Incentive Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 214,369
d)	Aggregated information Aggregated volume Price	Aggregated volume: 214,369 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Peter Bellew
2.	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 56,779 Restricted Stock award Nil 56,779
d)	Aggregated information Aggregated volume Price	Aggregated volume: 113,558 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Ella Bennett
2.	Reason for the notification
a)	Position/status	Group People Director
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 28,030 Restricted Stock award Nil 28,030
d)	Aggregated information Aggregated volume Price	Aggregated volume: 56,060 GBP Nil
e)	Date of the transaction	2019-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Maaike de Bie
2.	Reason for the notification
a)	Position/status	Group General Counsel & Company Secretary
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 34,129 Restricted Stock award Nil 34,129
d)	Aggregated information Aggregated volume Price	Aggregated volume: 68,258 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Stuart Birrell
2.	Reason for the notification
a)	Position/status	Chief Data & Information Officer
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 26,072 Restricted Stock award Nil 26,072
d)	Aggregated information Aggregated volume Price	Aggregated volume: 52,144 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Sophie Dekkers
2.	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 23,465 Restricted Stock award Nil 23,465
d)	Aggregated information Aggregated volume Price	Aggregated volume: 46,930 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Thomas Haagensen
2.	Reason for the notification
a)	Position/status	Group Markets Director
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 29,651 Restricted Stock award Nil 29,651
d)	Aggregated information Aggregated volume Price	Aggregated volume: 59,302 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Garry Wilson
2.	Reason for the notification
a)	Position/status	CEO, easyJet Holidays
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	easyJet plc
b)	LEI	2138001S47XKWIB7TH90
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84
b)	Nature of the transaction	Grant of LTIP and Restricted Stock Award under the easyJet Long Term and Matching Share Plan at nil cost.
c)	Price(s) and volume(s)	Price(s) Volume(s) LTIP award Nil 41,368 Restricted Stock award Nil 41,368
d)	Aggregated information Aggregated volume Price	Aggregated volume: 82,736 GBP Nil
e)	Date of the transaction	2020-12-29
f)	Place of the transaction	Outside a trading venue

 

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