Director/PDMR Shareholding

RNS Number : 4527R
Smith & Nephew Plc
08 March 2016
 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

 

SMITH & NEPHEW PLC

 

8 March 2016

 

Smith & Nephew plc announces the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:

 

1.       PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

 

 Name

Grant date

Director/PDMR

Number of shares subject to award shown at target vesting

Olivier Bohuon

07.03.2016

Director

73,310

Julie Brown

07.03.2016

Director

43,772

Rodrigo Bianchi

07.03.2016

PDMR

23,377

John Campo

07.03.2016

PDMR

19,449

Bradley Cannon

07.03.2016

PDMR

14,151

Michael Frazzette

07.03.2016

PDMR

25,868

Elga Lohler

07.03.2016

PDMR

12,838

Cyrille Petit

07.03.2016

PDMR

17,601

Matthew Stober

07.03.2016

PDMR

19,362

Glenn Warner

07.03.2016

PDMR

19,362

 

(i)      There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2019, subject to the achievement of the performance conditions which are measured from 1 January 2016 to 31 December 2018.

 

(ii)      The numbers of shares subject to the above awards are shown at target vesting.  Should maximum vesting be achieved, participants will receive 2x the number of shares shown above. 

(iii)     Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

 

 

2.       EQUITY INCENTIVE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

 

Name

Grant date

Director/PDMR

Number of shares subject to award

Olivier Bohuon

07.03.2016

Director

50,159

Julie Brown

07.03.2016

Director

25,342

Rodrigo Bianchi

07.03.2016

PDMR

22,270

John Campo

07.03.2016

PDMR

19,449

Bradley Cannon

07.03.2016

PDMR

11,578

Michael Frazzette

07.03.2016

PDMR

26,340

Elga Lohler

07.03.2016

PDMR

11,670

Cyrille Petit

07.03.2016

PDMR

17,601

Matthew Stober

07.03.2016

PDMR

17,602

Glenn Warner

07.03.2016

PDMR

21,520

 

(i)      The awards will normally vest in equal annual tranches over three years following the award date subject to continued achievement of objectives and employment. In the event that objectives are not met in any of the three years, the portion of shares due to vest on the following anniversary will lapse.

(ii)      Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.

3.       CONDITIONAL SHARE AWARD UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010

 

Name of PDMR

Number of Ordinary Shares under award

Date of Grant

 

Mike Frazzette

 

 

43,516 Ordinary Shares

7 March 2016

 

(i)         The award will vest, subject to continued achievement of objectives and employment on 7 March 2019. In the event that objectives are not met the shares will lapse.

 

This announcement is made in accordance with the requirements of DTR 3.1.4 R (1)(a)

 

Vickie Reuben  

Deputy Company Secretary

Smith & Nephew plc

 

Tel: 020 7401 7646


This information is provided by RNS
The company news service from the London Stock Exchange
 
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