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 £10.4930 per share on December 14, 2023, through the BAE Systems Share Incentive Plan. The total value of the transaction was £146.90.
The second individual mentioned is Karin Hoeing, the Group ESG, Culture & Business Transformation Director. She also purchased 14 ordinary shares of 2.5p each in BAE Systems PLC at a price of £10.4930 per share on December 14, 2023, through the BAE Systems Share Incentive Plan. The total value of her transaction was also £146.90.
Both Greve and Hoeing made their transactions on the XLON - London Stock Exchange.
In addition to the purchases, both Greve and Hoeing were also awarded matching shares under the BAE Systems Share Incentive Plan. Greve received 7 matching shares at nil consideration, while Hoeing received 7 matching shares at nil consideration as well. These transactions took place outside of a trading venue and were sourced from Treasury shares.
Lastly, David Armstrong, the Group Managing Director of Digital Intelligence, also made an initial notification regarding his shareholding. However, no details of his transaction were provided in the news release.
Overall, the news release provides information on the shareholdings of several individuals holding managerial positions within BAE Systems PLC. The transactions mentioned include purchases of ordinary shares through the BAE Systems Share Incentive Plan and the awarding of matching shares under the same plan.