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 13 ordinary shares of 2.5p each in BAE Systems PLC at a price of £10.8466 per share, resulting in an aggregated volume of 13 shares and a total price of £141.01. The transaction took place on October 16, 2023, on the XLON - London Stock Exchange.
The second individual mentioned is Karin Hoeing, the Group ESG, Culture & Business Transformation Director. She also purchased 13 ordinary shares of 2.5p each in BAE Systems PLC at a price of £10.8466 per share, resulting in an aggregated volume of 13 shares and a total price of £141.00. The transaction took place on October 16, 2023, on the XLON - London Stock Exchange.
Both Bradley Greve and Karin Hoeing made these purchases as part of the BAE Systems Share Incentive Plan. The plan allows employees to purchase partnership shares and receive matching shares as an award.
In addition to the share purchases, Karin Hoeing and David Armstrong, the Group Managing Director of Digital Intelligence, were also awarded matching shares under the BAE Systems Share Incentive Plan. Karin Hoeing received 6 matching shares at nil consideration, resulting in an aggregated volume of 6 shares and a total price of £0.00. The transaction took place on October 16, 2023, outside of a trading venue, sourced from Treasury shares.
Overall, these transactions reflect the participation of BAE Systems PLC's managerial personnel in the company's share incentive plan, demonstrating their commitment and alignment with the company's long-term goals and performance.