Barratt Developments PLC has announced the grant of awards under the Employee Long-Term Incentive Plan (ELTIP) to a person closely associated with Steven Boyes, the Chief Operating Officer & Deputy Chief Executive. The award, consisting of 150 shares, is subject to a continued employment condition of a minimum of two years commencing on 1 July 2024. The number of shares was calculated based on the average closing prices over a five-day period, amounting to £4.968 per share.
As of the date of the announcement, each of the Executive Directors of the Company and their PCAs hold a total number of options and awards over Ordinary Shares. Chief Executive David Thomas holds 1,071,607 shares, Steven Boyes holds 866,881 shares, and Chief Financial Officer Mike Scott holds 551,789 shares.
The Notification of Dealing Form outlines the details of the transaction, including the person closely associated, the nature of the transaction, and the date of the transaction, which took place outside a trading venue on 22 July 2024. This notification is made in accordance with the requirements of the UK Market Abuse Regulation.