Director/PDMR Shareholding
Summary by AI BETAClose X
M&G plc NEWS RELEASE
1 April 2026
M&G plc
Notification of transactions by Persons Discharging Managerial Responsibilities (PDMRs)
Grant of awards under the M&G Deferred Incentive Plan 2019 (DIP) and the M&G Performance Share Plan 2019 (PSP)
Grant of awards under the DIP
On 1 April 2026, the Company granted deferred bonus short-term incentive (STI) awards under the DIP to the PDMRs set out below. The DIP awards granted represent a deferred proportion of the PDMRs' annual STI, granted as conditional awards over shares which will vest pro-rata in April 2027, April 2028 and April 2029.
For the 2025 performance year, Joseph Pinto was identified as a Material Risk Taker under the Undertakings for Collective Investment in Transferrable Securities Directive V and the Alternative Investment Fund Managers Directive remuneration regulations. In order to meet these regulatory requirements, a portion of Mr. Pinto's up-front STI annual award has been delivered in M&G plc shares under the DIP with an immediate vest date and a six-month holding period due to end on 1 October 2026. In addition, his annual STI award deferred into shares under the DIP per the paragraph above will be subject to additional six-month holding periods after each respective pro-rata vest date.
The DIP awards have been made using the average market share price for the five days preceding the award date, of £2.747.
Grant of awards under the PSP
On 1 April 2026, the Company granted nil-cost option PSP awards to the PDMRs set out below. The PSP awards granted are subject to the achievement of performance conditions over a three-year period (with the exception of the award made to Shawn Gamble to which performance conditions do not apply) and a subsequent two-year holding period. The PSP awards have been made using the average market share price for the five days preceding the award date, of £2.747.
Awards summary table
The below table summarises the above awards for each PDMR:
|
Name |
Number of shares awarded as conditional awards under the DIP |
Number of shares awarded as nil-cost options under the PSP |
|
Clive Bolton |
74,426 |
371,314 |
|
Shawn Gamble |
73,005 |
153,986 |
|
Charlotte Heiss |
64,007 |
232,071 |
|
Matt Howells |
80,887 |
269,748 |
|
Kathryn McLeland |
168,297 |
603,658 |
|
Joseph Pinto |
203,184 |
550,600 |
|
Andrea Rossi |
282,201 |
1,242,264 |
|
Louise Shield |
66,984 |
232,071 |
|
Simon Tasker |
n/a |
425,919 |
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Contact
Christopher Smyth, Director of Secretariat - 020 8162 0527
Sharna Ludlow, Head of Share Plans and Share Registration - 020 8162 0611
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Clive Bolton |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Executive Officer, M&G Life |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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) |
|
||||||||||
|
b) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 5 pence each
|
|||||||||
|
a) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
b) |
Price(s) and volume(s) |
|
|||||||||
|
c) |
Aggregated information
-Aggregated volume
-Price |
445,740
£2.747 |
|||||||||
|
d) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Shawn Gamble |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Group Chief Risk and Compliance Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
226,991
£2.747 |
|||||||||
|
e) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
|
|
|
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Charlotte Heiss |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Group General Counsel & Company Secretary |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
296,078
£2.747 |
|||||||||
|
e) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Matt Howells |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief People Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
350,635
£2.747 |
|||||||||
|
e) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Kathryn McLeland |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Financial Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
|
Aggregated information
-Aggregated volume
-Price |
771,955
£2.747 |
|||||||||
|
|
Date of the transaction |
2026-04-01 |
|||||||||
|
|
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||||||||
|
a) |
Name |
Joseph Pinto |
||||||||||||
|
2 |
Reason for the notification |
|||||||||||||
|
a) |
Position/status |
Chief Executive, Asset Management |
||||||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
|
a) |
Name |
M&G plc |
||||||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
||||||||||||
|
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 5 pence each
|
||||||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP due to vest immediately into a subsequent six-month holding period until October 2026 b. Award granted under the DIP to vest in three tranches in April 2027, 2028 and 2029, each subject to an additional six-month holding period c. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
753,784
£2.747 |
||||||||||||
|
e) |
Date of the transaction |
2026-04-01 |
||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||||||||||
|
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 5 pence each
|
||||||||||||
|
b) |
Nature of the transaction |
a. Vesting of a conditional award under the DIP into a six-month holding period until October 2026 |
||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
87,079
Nil |
||||||||||||
|
e) |
Date of the transaction |
2026-04-01 |
||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Andrea Rossi |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Chief Executive Officer |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 b. Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
1,524,465
£2.747 |
|||||||||
|
e) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||||||||
|
a) |
Name |
Louise Shield |
|||||||||
|
2 |
Reason for the notification |
||||||||||
|
a) |
Position/status |
Corporate Affairs Director |
|||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
|||||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
M&G plc |
|||||||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
|||||||||
|
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 5 pence each
|
|||||||||
|
b) |
Nature of the transaction |
a. Award granted under the DIP to vest and be released in three tranches in April 2027, 2028 and 2029 Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
|||||||||
|
c) |
Price(s) and volume(s) |
|
|||||||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
299,055
£2.747 |
|||||||||
|
e) |
Date of the transaction |
2026-04-01 |
|||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
|||||||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Simon Tasker |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Transformation Officer |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
M&G plc |
||||
|
b) |
LEI |
254900TWUJUQ44TQJY84 |
||||
|
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 5 pence each
|
||||
|
b) |
Nature of the transaction |
Award granted under the PSP due to vest in April 2029, subject to the achievement of performance conditions, with a subsequent two-year holding period until April 2031 |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
-Aggregated volume
-Price |
425,919
£2.747 |
||||
|
e) |
Date of the transaction |
2026-04-01 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
LEI: 254900TWUJUQ44TQJY84
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