BAE Systems PLC recently disclosed several transactions made by its directors and persons discharging managerial responsibilities (PDMRs). Bradley Greve, Group Finance Director, purchased 11 ordinary shares at a price of £13.5356 each under the BAE Systems Share Incentive Plan. Additionally, Greve was awarded 5 matching shares at no cost. Karin Hoeing, Group ESG, Culture & Business Transformation Director, also acquired 10 partnership shares at a price of £13.5356 each and was awarded 5 matching shares at no cost. Edward Gelsthorpe, Group General Counsel, made a purchase of 11 ordinary shares at an undisclosed price.
The transactions were conducted on May 14, 2024, with the purchases taking place on the XLON - London Stock Exchange and the awards sourced from Treasury shares outside of a trading venue. The LEI for BAE Systems PLC is 8SVCSVKSGDWMW2QHOH83.
These transactions are part of the company's Share Incentive Plan, which allows directors and PDMRs to acquire shares and receive matching shares as part of their remuneration package. The disclosure provides transparency regarding the shareholdings of key individuals within the company and aligns with regulatory requirements for transparency and accountability in corporate governance.