Centrica PLC announced the notification of transactions of directors on 17 May 2024. The notification detailed the vesting of awards granted under the Long Term Incentive Plan (LTIP) on 17 May 2021, which vested on 17 May 2024. The vesting outcome was 76% of the original award, and following the sale of shares to cover statutory withholding liabilities, the remaining shares will be held for a mandatory two-year holding period.
The notification specifically pertained to Chris O'Shea, an Executive Director of Centrica PLC. The transaction involved the vesting of nil-cost conditional awards granted on 17 May 2021 under the LTIP, the subsequent sale of shares to cover statutory withholding liabilities, and the retention of the remaining shares. The transaction took place on the London Stock Exchange (XLON) on 17 May 2024.
In this transaction, a total of 2,785,622 shares vested, with 1,329,135 shares sold to cover statutory withholding liabilities, and 1,456,487 shares retained. The sale price per share was £1.438679.
Centrica PLC is listed on the London Stock Exchange (CNA) and has its registered office in Windsor, Berkshire, with the legal entity identifier number E26EDV109X6EEPBKVH76.