Director/PDMR Shareholding

BAE SYSTEMS PLC

26 February 2026

 

BAE Systems plc

1	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
2	Reason for the notification
a)	Position/status	President and Chief Executive Officer of BAE Systems, Inc.
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Arseneault
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 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Exercise of 268,594 options under the BAE Systems 2018 Long Term Incentive Plan (LTIP), and the subsequent sale of 195,130 shares including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume(s) Acquisition of shares on exercise of share option £5.8180 268,594 Shares retained to cover the costs of exercise £21.2715 73,464 Sale of shares including those to satisfy tax liabilities £21.2715 195,130
d)	Aggregated information - Price - Aggregated volume	Exercise Volume:  268,594 Price GBP: £1,562,679.89 Shares retained to cover the costs of exercise Volume: 73,464 Price GBP: £1,562,689.47 Sale of shares, including those to satisfy tax liabilities Volume:  195,130 Price GBP: £4,150,707.79
e)	Date of the transaction	2026-02-24
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
2	Reason for the notification
a)	Position/status	President and Chief Executive Officer of BAE Systems, Inc.
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Arseneault
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 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Exercise of 352,471 options under the BAE Systems 2019 Long Term Incentive Plan (LTIP), and the subsequent sale of 272,106 shares including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume(s) Acquisition of shares on exercise of share option £4.8500 352,471 Shares retained to cover the costs of exercise £21.2715 80,365 Sale of shares including those to satisfy tax liabilities £21.2715 272,106
d)	Aggregated information - Price - Aggregated volume	Exercise Volume:  352,471 Price GBP: £1,709,484.35 Shares retained to cover the costs of exercise Volume: 80,365 Price GBP: £1,709,484.09 Sale of shares, including those to satisfy tax liabilities Volume:  272,106 Price GBP: £5,788,102.77
e)	Date of the transaction	2026-02-24
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
2	Reason for the notification
a)	Position/status	Group Managing Director, Maritime and Land UK
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glynn Phillips
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 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Sale of Shares.
c)	Price(s) and volume(s)	Price Volume(s) Sale of shares £21.3400 67,104
d)	Aggregated information - Price - Aggregated volume	Prices (GBP) Volume £1,431,999.36 67,104 N/A Single transaction
e)	Date of the transaction	2026-02-24
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
2	Reason for the notification
a)	Position/status	Group Managing Director, Maritime and Land UK
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glynn Phillips
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 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Sale of Shares.
c)	Price(s) and volume(s)	Price Volume(s) Sale of shares £21.2715 143,723
d)	Aggregated information - Price - Aggregated volume	Prices (GBP) Volume £3,057,203.79 143,723 N/A Single transaction
e)	Date of the transaction	2026-02-24
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
2	Reason for the notification
a)	Position/status	Person closely associated with Ed Gelsthorpe (Group General Counsel / PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Claire Gelsthorpe
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 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Sale of Shares.
c)	Price(s) and volume(s)	Price Volume(s) Sale of shares £21.3634 30,000
d)	Aggregated information - Price - Aggregated volume	Prices (GBP) Volume £640,902 30,000 N/A Single transaction
e)	Date of the transaction	2026-02-24
f)	Place of the transaction	XLON - London Stock Exchange

26 February 2026

 

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