Director/PDMR Shareholding

BP PLC

30 April 2026

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

Buy-out award for incoming chief executive officer

BP p.l.c. (the "Company") announces that on 29 April 2026 it granted the following share awards (the "Awards") to Meg O'Neill in connection with her appointment as the Company's chief executive officer which took effect from 1 April 2026. The Awards were granted pursuant to a bespoke share plan as permitted by UKLR 9.3.2R established for the purpose of granting these one-off awards and on the terms set out in a Deed of Grant (the "Deed") dated 29 April 2026.

Level and purpose of Award

The Awards have been granted to replace the remuneration forfeited by Ms O'Neill on leaving her previous employer, Woodside Energy Group Ltd (Woodside) and are consistent with the 2026 directors' remuneration policy and as disclosed in the 2025 directors' remuneration report.

The foregone remuneration comprised a combination of restricted share awards and performance share awards with overlapping vesting periods extending up to five years.

Structure of the Award

The Awards take the following forms:

· Restricted share awards, which replace forfeited restricted share awards and performance share awards due to vest in 2027 and 2028, with in-flight performance valued at 50% of maximum and,

· Performance share awards, which replace the forfeited unvested performance share awards and are subject to the Company's relative TSR performance.

The number of shares subject to the Awards has been calculated using the 90-day average share prices of bp and Woodside and the applicable foreign exchange rate, in each case prior to the effective date of Ms O'Neill's appointment on 1 April 2026.

Number of shares subject to award

Name	Award
Meg O'Neill	1,901,277 ordinary shares - Restricted Share Award
	809,232 ordinary shares - Performance Share Award

The Awards will vest over a period of five years subject to the terms as set out in the Deed and in the case of the Performance Share Award, satisfaction of applicable performance conditions.

Ms O'Neill will be entitled to receive dividend equivalents payable in cash in respect of Restricted Share Awards and in shares on vesting in respect of Performance Share Award.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Meg O'Neill
2	Reason for the notification
a)	Position/status	chief executive officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
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 $0.25 GB0007980591
b)	Nature of the transaction	Grant of conditional restricted share awards over ordinary shares pursuant to a bespoke buy-out award arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 1,901,277
d)	Aggregated information -      Volume -      Price -      Total	1,901,277 Nil consideration. Market value: £4.84 Nil consideration. Market value: £9,202,181
e)	Date of the transaction	29 April 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Meg O'Neill
2	Reason for the notification
a)	Position/status	chief executive officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
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 $0.25 GB0007980591
b)	Nature of the transaction	Grant of conditional performance share awards over ordinary shares pursuant to a bespoke buy-out award arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 809,232
d)	Aggregated information -      Volume -      Price -      Total	809,232 Nil consideration. Market value: £4.84 Nil consideration. Market value: £3,916,683
e)	Date of the transaction	29 April 2026
f)	Place of the transaction	Outside a trading venue

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

 

END