BAE Systems PLC has released a notification regarding the shareholdings of several individuals who hold managerial positions within the company. The first individual mentioned is Bradley Greve, the Group Finance Director. He purchased 14 ordinary shares of 2.5p each in BAE Systems PLC at a price of £11.02 per share on November 14, 2023, through the BAE Systems Share Incentive Plan. The total value of the transaction was £154.40. Additionally, Greve was awarded 6 matching shares under the same incentive plan at no cost.
Karin Hoeing, the Group ESG, Culture & Business Transformation Director, also participated in the BAE Systems Share Incentive Plan. She purchased 12 ordinary shares at a price of £11.02 per share, resulting in a total transaction value of £132.34. Hoeing was also awarded 6 matching shares at no cost.
Lastly, David Armstrong, the Group Managing Director of Digital Intelligence, made an initial notification regarding his shareholding. However, no specific details about his transactions were provided in the notification.
All transactions mentioned in the notification took place on November 14, 2023, and were conducted on the XLON - London Stock Exchange, except for the transactions involving the matching shares, which were sourced from Treasury shares and conducted outside of a trading venue.
The notification does not provide any further information about the reasons behind these transactions or the impact they may have on the company.