Director/PDMR Shareholding

BP PLC

14 August 2023

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

EDIP Performance Share Award 2020-22 - vesting

BP p.l.c. (the "Company") announces that, on 11 August 2023, 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 Company determined that 54% of the shares awarded under the EDIP Performance Share Award 2020-22 would vest. The rationale behind this determination is detailed in the Directors' Remuneration Report contained in BP's Annual Report and Form 20-F 2022. The released amount stated below will be retained for a period of three years.

	Vested amount	Shares representing tax liabilities	Released amount
Bernard Looney	1,298,879	610,474	688,405
Murray Auchincloss	624,960	293,732	331,228

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	Shares acquired pursuant to the vesting of shares 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 688,405
d)	Aggregated information -      Volume -      Price -      Total	688,405 Nil consideration. Market value £4.864 per share Nil. Market value £3,348,401.92
e)	Date of the transaction	11 August 2023
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	Shares acquired pursuant to the vesting of shares 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 331,228
d)	Aggregated information -      Volume -      Price -      Total	331,228 Nil consideration. Market value £4.864 per share Nil. Market value £1,611,092.99
e)	Date of the transaction	11 August 2023
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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