Director/PDMR Shareholding

RNS Number : 9086S
Rio Tinto PLC
19 March 2021
 

 

Shareholdings of persons discharging managerial responsibility (PDMR) /   Key Management Personnel (KMP)

 

19 March 2021

 

As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMR/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).

 

Rio Tinto Equity Incentive Plan 2018 (EIP)

Bonus Deferral Awards, Performance Share Awards and Management Share Awards

 

The Remuneration Committee has approved a partial deferral of the 2020 annual bonus for members of the Executive Committee to be delivered as a Bonus Deferral Award (BDA). Grants of BDA are made under the EIP over either Rio Tinto plc  shares or Rio Tinto Limited shares (shares). These awards will vest on 1 December 2023.

 

Performance Share Awards (PSA) are granted under the EIP and provide participants with the conditional right, subject to performance conditions being met, to receive shares. The 2021 PSA will be measured against the Total Shareholder Return performance conditions after five years (as at the end of 2025 ).

 

Management Share Awards (MSA) are granted under the EIP and provide participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment. These awards will vest on 19 February 2024.

 

Consistent with the terms of both the current remuneration policy and the new remuneration policy submitted to shareholders for a vote at the 2021 Annual General Meetings, the following PDMR/KMPs were awarded the following share awards on 18 March 2021:

 


Rio Tinto plc

Rio Tinto Limited

PDMR/KMP

No. of shares awarded as BDA

No. of shares awarded as PSA

No. of shares awarded as MSA

No. of shares awarded as BDA

No. of shares awarded as PSA

Baatar, Bold

6,583

54,005




Barrios, Alfredo

7,497

54,652




Cunningham, Peter1

1,402

9,564

4,781



Kaufman, Sinead




1,408

41,207

Soirat, Arnaud

6,979

51,602




Stausholm, Jakob

9,680

103,510




Toth, Peter

2,412

39,603




Trott, Simon

6,392

49,571




Vella, Ivan

1,525

51,025




 

1.  Peter Cunningham, in his role as interim Chief Financial officer, remains eligible to receive his 2021 share awards as a mix of BDA, PSA and MSA. 

 

FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.

 

LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation

 

This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary.

 

Steve Allen

Group Company Secretary 

 

Tim Paine

Joint Company Secretary

Rio Tinto plc

6 St James's Square

London

SW1Y 4AD

 

T +44 20 7781 2000

Registered in England

No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

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