Director/PDMR Shareholding

BAE SYSTEMS PLC

27 March 2026

 

BAE Systems plc

Director/PDMR Shareholding

BAE Systems plc announces that on 25 and 26 March 2026, the following Persons Discharging Managerial Responsibilities ("PDMRs") exercised performance shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:

 1.  Exercise of BAE Systems Performance shares

Name of PDMR	Number of shares
Thomas Arseneault	372,264
Caitlin Hayden	13,973
Simon Barnes	71,339

2.  Exercise of BAE Systems Restricted shares

In addition, on 25 March 2026, the following PDMR exercised restricted shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:

Name of PDMR	Number of shares
Thomas Arseneault	148,235

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 & 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	Thomas 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 209,293 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 209,293 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 209,293 Sale of shares, including those to satisfy tax liabilities £21.255 209,293
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 209,293 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  209,293 Price GBP: £4,448,522.71
e)	Date of the transaction	2026-03-25
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 & 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	Thomas 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 148,235 restricted shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 66,992 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 148,235 Sale of shares, including those to satisfy tax liabilities £21.255 66,992 Shares retained 81,243
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 148,235 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  66,992 Price GBP: £1,423,914.96
e)	Date of the transaction	2026-03-25
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 Communications Director
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Caitlin Hayden
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 5,482 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 2,439 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 5,482 Sale of shares, including those to satisfy tax liabilities £21.255 2,439 Shares retained 3,043
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 5,482 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  2,439 Price GBP: £51,840.94
e)	Date of the transaction	2026-03-25
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 & 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	Thomas 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 162,971 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 162,971 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 162,971 Sale of shares, including those to satisfy tax liabilities £21.405 162,971
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 162,971 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  162,971 Price GBP: £3,488,394.25
e)	Date of the transaction	2026-03-26
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 Communications Director
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Caitlin Hayden
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 8,491 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 3,370 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 8,491 Sale of shares, including those to satisfy tax liabilities £21.405 3,370 Shares retained 5,121
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 8,491 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  3,370 Price GBP: £72,134.85
e)	Date of the transaction	2026-03-26
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, Air
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Barnes
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 71,339 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 71,339 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 71,339 Sale of shares, including those to satisfy tax liabilities £21.135 71,339
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 71,339 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume:  71,339 Price GBP: £1,507,749.76
e)	Date of the transaction	2026-03-26
f)	Place of the transaction	XLON - London Stock Exchange

Legal Entity Identifier (LEI): 8SVCSVKSGDWMW2QHOH83

27 March 2026

 

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