Burberry Group PLC has announced that its Chief Executive Officer, Jonathan Akeroyd, received 49,291 ordinary shares in the company as part of a conditional award granted to him on 15 March 2022. Additionally, he received 3,987 dividend equivalent shares, bringing the total number of shares acquired to 53,278. Following this, Akeroyd sold 25,111 of the newly acquired shares at a price of £13.6407 per share to cover the tax and fees arising from the vesting and acquisition, retaining 28,167 shares.
These transactions were made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 as it forms part of UK law. The acquisition of shares and the subsequent sale were conducted outside a trading venue. The total amount from the sale of shares was £342,531.62.
This information was disclosed as part of the notification of dealing form, in compliance with regulatory requirements. The transactions were made under the rules of the Burberry Share Plan 2020.