BAE Systems PLC announced on 28th March 2024 that it had granted Performance Shares and Restricted Shares under the BAE Systems Long Term Incentive Plan to several Persons Discharging Managerial Responsibilities (PDMRs). The Performance Shares were granted in the form of nil-cost options, with varying numbers of shares awarded to each PDMR. Additionally, the PDMRs purchased ordinary shares at a consideration of £13.4988 per share under the BAE Systems Deferred Bonus Plan.
On 26th March 2023, certain PDMRs exercised performance shares under the BAE Systems Long Term Incentive Plan. Thomas Arseneault, President & Chief Executive Officer of BAE Systems Inc and Director, was involved in both the award and purchase of shares. The transactions were conducted on the London Stock Exchange.
The announcement provides detailed information about the number of shares granted or acquired, the nature of the transactions, and the dates of the transactions. It also includes the names and positions of the PDMRs involved, as well as the aggregated volume and price of the shares. These transactions are part of the company's efforts to incentivize and reward its key personnel through various share-based incentive plans.