Ocado Group PLC has announced the participation of its PDMRs (Persons Discharging Managerial Responsibilities) in The Ocado Share Incentive Plan (SIP). The SIP is a tax-advantaged all-employee share scheme that allows employees to purchase ordinary shares in the company at market value using deductions from their salary each month and receive allocations of matching ordinary shares.
The company's Chief Executive Officer, Tim Steiner, and other PDMRs, including Mark Richardson, Neill Abrams, and Stephen Daintith, have made monthly purchases of securities ("Partnership Shares") under the Share Incentive Plan. The transactions took place on 15 February 2024 at the London Stock Exchange (XLON). The price per share was 5.328 GBP, and the aggregated total volume and price varied for each PDMR, with the total aggregate amounting to 149.18 GBP for Tim Steiner, 154.51 GBP for Mark Richardson and Neill Abrams, and 149.18 GBP for Stephen Daintith.
This announcement provides insight into the PDMRs' participation in the company's SIP, demonstrating their commitment to the company and confidence in its future performance. The transactions reflect the PDMRs' continued alignment with the company's long-term growth and success.