Director/PDMR Shareholding
Summary by AI BETAClose X
Pearson plc - (the "Company")
Notification of Directors' Interests
2026 Long-Term Incentive Plan (LTIP) Awards
On 5 May 2026, the Company made a grant of performance-related restricted shares under the LTIP, including to the Chief Executive, under the 2020 LTIP rules. This represents the company's annual grant of long-term incentives for 2026. The award will vest on 1 May 2029 subject to the performance conditions and targets as set out in the 2025 annual report. Any shares which vest on 1 May 2029 will be subject to an additional two-year holding period, following the end of the performance period. The award also attracts dividend equivalent awards.
The award is consistent with the directors' remuneration policy approved by shareholders at the 2026 Annual General Meeting and was made on the following basis:
|
Name
|
Title |
Restricted shares awarded |
% of Salary |
Share price used to calculate award |
|
Omar Abbosh |
Chief Executive |
799,835 |
850% |
£10.861 |
The number of shares awarded to Omar Abbosh was determined using the average mid-market closing share price of the Company's ordinary shares as traded on the London Stock Exchange for the five trading days up to and including 01 May 2026, which is the share price used to determine award values for LTIP awards to the wider employee population (excluding those based in the US).
The Remuneration Committee reserves the right to adjust payouts up or down before they are released if it believes that the vesting outcome does not reflect underlying financial or non-financial performance or if such other exceptional factors warrant doing so. In making such adjustments, the Committee is guided by the principle of aligning shareholder and management interests.
The notification below is made in accordance with the requirements of the UK Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Omar Abbosh |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
Chief Executive |
|
|
b) |
Initial notification /Amendment |
Initial notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Pearson plc |
|
|
b) |
LEI |
2138004JBXWWJKIURC57 |
|
|
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 25 pence each in Pearson plc
ISIN: GB0006776081 |
|
|
b) |
Nature of the transaction |
Award of performance-related restricted shares under the Long-Term Incentive Plan |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
n/a |
799,835 |
||
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated price: N/A
Aggregated volume: see 4 (c) above |
|
|
e) |
Date of the transaction |
5 May 2026 |
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
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