Director/PDMR Shareholding

BAE SYSTEMS PLC

01 April 2026

 

BAE Systems plc

Director/PDMR Shareholding

 1. Exercise of BAE Systems Performance shares

BAE Systems plc announces that on 30 and 31 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:

Name of PDMR	Number of shares
Tania Gandamihardja	136,861
Edward Gelsthorpe	119,990
Glynn Phillips	175,025
Andrea Thompson	108,706

2.  Sale of shares

On 30 March 2026, the following PDMR sold ordinary shares of 2.5p each at a consideration of £21.280170 per share, refer below for futher details:

Name of PDMR	Number of shares
Glynn Phillips	8,146

3.  Award of Free shares

In addition, on 31 March 2026, the following PDMRs/PCAs (Persons Closely Associated) were awarded Free Shares under the BAE Systems Share Incentive Plan, refer below for futher details:

Name of PDMR/PCA*	Number of shares
Simon Barnes	29
Gabrielle Costigan	29
Julian Cracknell	29
Tania Gandamihardja	29
Edward Gelsthorpe	29
Bradley Greve	29
Caitlin Hayden	29
Karin Hoeing	29
Glynn Phillips	29
Andrea Thompson	29
Eric Veignat*	29
Charles Woodburn	29

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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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, Business Development
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gabrielle Costigan
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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	Chief Technology & Information Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Cracknell
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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 Human Resources Director
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tania Gandamihardja
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 136,861 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 65,368 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 136,861 Sale of shares, including those to satisfy tax liabilities £21.1884 65,368 Shares retained 56,181
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 136,861 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume: 65,368 Price GBP: £1,385,042.33
e)	Date of the transaction	2026-03-30
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 Human Resources Director
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tania Gandamihardja
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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 General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Edward 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	Exercise of 119,990 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 119,990 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 119,990 Sale of shares, including those to satisfy tax liabilities £20.7535 119,990
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 119,990 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume: 119,990 Price GBP: £2,490,212.47
e)	Date of the transaction	2026-03-30
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 General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Edward 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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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	Chief Finance Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bradley Greve
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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 ESG, Culture & Business Transformation Director
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karin Hoeing
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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
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	Exercise of 175,025 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 175,025 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 175,025 Sale of shares, including those to satisfy tax liabilities £20.7535 175,025
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 175,025 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume: 175,025 Price GBP: £3,632,381.34
e)	Date of the transaction	2026-03-30
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
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 Sale of shares £21.280170 8,146
d)	Aggregated information - Aggregated volume - Price	Prices (GBP) Volume £172,533.40 8,146 N/A Single transaction
e)	Date of the transaction	2026-03-30
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
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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, Digital Intelligence
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrea Thompson
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 108,706 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 108,706 shares, including those to satisfy tax liabilities.
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on exercise of share awards £0 108,706 Sale of shares, including those to satisfy tax liabilities £21.8829 108,706
d)	Aggregated information - Aggregated volume - Price	Exercise Volume: 108,706 Price GBP:  £0 Shares sold, including those to satisfy tax liabilities Volume: 108,706 Price GBP: £2,378,802.53
e)	Date of the transaction	2026-03-31
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, Digital Intelligence
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrea Thompson
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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 Tania Gandamihardja (Group Human Resources Director / PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Eric Veignat
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

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 Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Woodburn
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	Award of Free Shares under the BAE Systems Share Incentive Plan.
c)	Price(s) and volume(s)	Price Volume £0 29
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	2026-03-31
f)	Place of the transaction	Outside of a trading venue (sourced from Treasury Shares)

Legal Entity Identifier (LEI): 8SVCSVKSGDWMW2QHOH83

01 April 2026

 

END