Ocado Group PLC has announced that its PDMRs (Persons Discharging Managerial Responsibilities) have been granted free shares under The Ocado Share Incentive Plan. The plan, approved by shareholders in 2011, allows employees and directors to receive ordinary shares in the company. The recent grants were made to several PDMRs, including CEO Tim Steiner, CEO of Ocado Intelligent Automation Mark Richardson, Group General Counsel and Company Secretary Neill Abrams, and Chief Financial Officer Stephen Daintith.
Tim Steiner, the Chief Executive Officer, was granted 1028 free shares, Mark Richardson, CEO of Ocado Intelligent Automation, received 719 free shares, Neill Abrams, Group General Counsel and Company Secretary, was granted 719 free shares, and Stephen Daintith, the Chief Financial Officer, received 877 free shares. All the grants were made at a price of £3.50 per share and were conducted outside of a trading venue on 3 May 2024.
The grants were made at the same time and on the same basis as applied to all employees, in line with the company's policy. This aligns with the company's commitment to rewarding and incentivizing its employees and directors through the share incentive plan.