Direct Line Insurance Group PLC Announces Transactions in Shares by Persons Discharging Managerial Responsibility

Direct Line Insurance Group PLC has disclosed the award of shares to Persons Discharging Managerial Responsibility (PDMRs) as part of its remuneration policy. The awards were granted under the DLG 2020 Long Term Incentive Plan and the DLG Deferred Annual Incentive Plan, based on the average closing share price over the three trading days prior to the date of grant, which was £1.91.

Adam Winslow, Chief Executive Officer, was awarded 858,638 nil cost options under the LTIP, while Neil Manser, Chief Financial Officer, received 572,108 nil cost options under the LTIP and 28,948 nil cost options under the DAIP. Jasvinder Gakhal, Managing Director, Motor, was granted 236,064 nil cost options under the LTIP, and Ash Jokhoo, Chief Information Officer, also received a similar award.

The awards typically vest on the third anniversary of the grant and are subject to an additional two-year post-vesting holding period. The transactions took place off-market on 5 April 2024. Further details of the transactions and the company's remuneration policy can be found in the Directors' Remuneration Report on the Direct Line Insurance Group PLC website.