Director/PDMR Shareholding

Summary by AI BETAClose X

Severn Trent Plc announced that on July 27, 2026, Directors and Persons Discharging Managerial Responsibilities (PDMRs) received shares under the 2023 Long Term Incentive Plan (LTIP) for nil consideration, with a portion sold to cover tax liabilities. The LTIP vesting was 90% of maximum due to achieving upper quartile Return on Regulatory Equity (RoRE) performance. For example, James Jesic acquired a net of 7,315 shares after selling 6,531 shares at £30.184 to cover taxes, and Helen Miles acquired a net of 12,589 shares after selling 11,240 shares at the same price.

Disclaimer*

Severn Trent PLC
28 July 2026
 

28 July 2026

Severn Trent Plc ("Severn Trent" or "the Company")

Director / PDMR Shareholding

Vesting of Shares under the Long Term Incentive Plan 2021 ("LTIP")

 

The Company announces that on 27 July 2026, the following Directors and PDMRs received a transfer of shares, held by the Company as treasury shares, into their nominee CREST accounts for nil consideration on the vesting of conditional share awards made under the 2023 LTIP*.  A sale of shares to cover tax liabilities was also completed on the same day. Details of the transactions are as follows:

 

Name

 

Status

Number of shares transferred

Number of shares sold

Net number of shares acquired

James Jesic

Director

13,846

6,531

7,315

Helen Miles

Director

23,829

11,240

12,589

Shane Anderson

PDMR

11,914

5,620

6,294

Paul Baxter

PDMR

2,126

1,003

1,123

Judith Burditt

PDMR

6,729

3,174

3,555

Stephanie Cawley

PDMR

4,633

2,186

2,447

Didar Dhillon

PDMR

5,919

2,792

3,127

Neil Morrison

PDMR

12,180

5,745

6,435

Robert Stear

PDMR

5,957

2,810

3,147

 

*Where an Executive Director shareholding requirement applies, shares will be transferred to the Trustee for safekeeping.

 

The 2023 LTIP award made under the 2021 Remuneration Policy included a stretch element, which was contingent on achieving upper quartile ("UQ") RoRE performance among the Water and Sewerage Companies ("WaSCs"). As all WaSCs have now published their Annual Performance Reports, it has been determined that Severn Trent's three-year average RoRE over the performance period achieved UQ performance, resulting in the RoRE element of the award vesting in full. When combined with the outturn on the sustainability element of the award, the overall vesting outcome of the 2023 LTIP was 90% of maximum for all participants.  

 

The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

 

Enquiries

 

Investors & Analysts



Nicola Whitehouse

Severn Trent Plc

+44 (0) 748 450 8198

Head of Investor Relations



 



Faye Fahy

Severn Trent Plc

+44 (0) 758 302 6677

Investor Relations Manager






www.severntrent.com

LEI: 213800RPBXRETY4A4C59

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

James Jesic

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

13,846

 

6,531



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 13,846 / Price GBP Nil

Tax/NI Sale:  Volume 6,531 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Helen Miles

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Certificate for balance shares issued and transferred to the Severn Trent Plc Employee Share Ownership Trust under shareholding safekeeping arrangements.  No change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

23,829

 

11,240



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 23,829 / Price GBP Nil

Tax/NI Sale:  Volume  11,240 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Shane Anderson

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

11,914

 

5,620



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,914 / Price GBP Nil

Tax/NI Sale:  Volume 5,620 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Baxter

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

2,126

 

1,003



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,126 / Price GBP Nil

Tax/NI Sale:  Volume 1,003 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Judith Burditt

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

6,729

 

3,174



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,729 / Price GBP Nil

Tax/NI Sale:  Volume 3,174 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephanie Cawley

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

4,633

 

2,186



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 4,633 / Price GBP Nil

Tax/NI Sale:  Volume  2,186/ Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Didar Dhillon

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

5,919

 

2,792



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 5,919 / Price GBP Nil

Tax/NI Sale:  Volume 2,792 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Morrison

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

12,180

 

 5,745



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 12,180 / Price GBP Nil

Tax/NI Sale:  Volume 5,745 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Robert Stear

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Severn Trent Plc

b)

LEI

213800RPBXRETY4A4C59

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 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a conditional award granted under the 2023 LTIP and subsequent sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Acquisition of shares on vesting of LTIP 

Sale of shares to cover tax and NI liabilities

Nil

 

 £30.184

5,957

 

2,810



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 5,957 / Price GBP Nil

Tax/NI Sale:  Volume 2,810 / Price GBP £30.184

e)

Date of the transaction

2026-07-27

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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