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Paragon Banking Group PLC
Remuneration Information • Mar 18, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 3470F
Paragon Banking Group PLC
18 March 2022
18 March 2022
Paragon Banking Group PLC
Director Shareholding
On 18 March 2022, the Company's Executive Directors exercised awards granted under the Paragon Performance Share Plan 2013 ("PPSP") and the Paragon Deferred Share Bonus Plan 2013 ("PDSBP"). The awards exercised were granted as nil-cost options over Ordinary Shares of £1.00 each in the Company ("Shares") with the exception of the tax-qualifying CSOP of 4,186 Shares, with an exercise price of £4.7776 per Share, which was included as part of the 2017 PPSP award.
Sufficient Shares were sold on the London Stock Exchange, at a price of £4.957 per Share, to cover tax withholding obligations and the balance of Shares was retained by each director.
| Director | Award type | Date of grant | Date of vesting | Number of Shares Exercised | Number of Shares sold | Number of Shares retained |
| N S Terrington | PDSBP | 01/12/2016 | 01/12/2019 | 44,493 | 20,954 | 23,539 |
| N S Terrington | PDSBP | 08/12/2017 | 03/12/2020 | 42,055 | 19,806 | 22,249 |
| N S Terrington | PDSBP | 14/12/2018 | 14/12/2021 | 52,349 | 24,654 | 27,695 |
| N S Terrington | PPSP | 01/12/2016 | 01/12/2019 | 142,090 | 66,917 | 75,173 |
| N S Terrington | PPSP | 08/12/2017 | 03/12/2020 | 151,853* | 73,667 | 78,186 |
| N S Terrington | PPSP | 14/12/2018 | 14/12/2021 | 220,341 | 103,769 | 116,572 |
| R J Woodman | PDSBP | 01/12/2016 | 01/12/2019 | 26,742 | 12,595 | 14,147 |
| R J Woodman | PDSBP | 08/12/2017 | 03/12/2020 | 25,517 | 12,018 | 13,499 |
| R J Woodman | PDSBP | 14/12/2018 | 14/12/2021 | 31,800 | 14,977 | 16,823 |
| R J Woodman | PPSP | 01/12/2016 | 01/12/2019 | 157,546 | 74,196 | 83,350 |
| R J Woodman | PPSP | 08/12/2017 | 03/12/2020 | 97,137* | 47,879 | 49,258 |
| R J Woodman | PPSP | 14/12/2018 | 14/12/2021 | 138,767 | 65,352 | 73,415 |
*the total shown includes the exercise of the linked CSOP award of 4,186 shares with an exercise price of £4.7776 per Share and the number of shares delivered under the linked PSP award was reduced at the point of exercise to achieve the same pre-tax value.
For further information, please contact:
Carolyn Sharpe, Senior Assistant Company Secretary
Tel: 07984 810427
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Nigel Stewart Terrington
2
Reason for the notification
a)
Position/status
Chief Executive Officer (PDMR)
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer
a)
Name
Paragon Banking Group PLC
b)
LEI code
213800S1TDKIB1IUTS72
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 139,897 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
d)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 138,897 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 510,098 nil-cost options granted under the Paragon Performance Share Plan ("PPSP")
d)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 510,098 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 3
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with exercise price of 4.7776 per Share
d)
Price(s) and volume(s)
| Price | Volume |
| £4.7776 | 4,186 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 4
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Abatement of 92 shares under the 2017 PSP linked award to allow for the exercise of the 2017 CSOP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 147,667 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
Transaction 5
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Retention of 343,414 shares following the aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 343,414 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside of a trading venue
Transaction 6
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Sale of 309,767 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 309,767 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Richard James Woodman
2
Reason for the notification
a)
Position/status
Chief Financial Officer (PDMR)
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer
a)
Name
Paragon Banking Group PLC
b)
LEI code
213800S1TDKIB1IUTS72
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 84,059 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")
d)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 84,059 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of 389,264 nil-cost options granted under the Paragon Performance Share Plan ("PPSP")
d)
Price(s) and volume(s)
| Price | Volume |
| £0.00 | 389,264 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 3
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Exercise of CSOP award, granted under the PPSP, over 4,186 Shares with exercise price of 4.7776 per Share
d)
Price(s) and volume(s)
| Price | Volume |
| £4.7776 | 4,186 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside a trading venue
Transaction 4
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Abatement of 77 shares under the 2017 PSP linked award to allow for the exercise of the 2017 CSOP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 92,951 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
Transaction 5
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Retention of 250,492 shares following the aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 250,492 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
Outside of a trading venue
Transaction 6
a)
Description of the financial instrument, type of instrument Identification code
Identification code
Ordinary shares of £1.00 each in Paragon Banking Group PLC
GB00B2NGPM57
c)
Nature of the transaction
Sale of 227,017 shares to cover tax withholding obligations arising from the aforementioned exercise of options under the PDSP and PPSP
d)
Price(s) and volume(s)
| Price | Volume |
| £4.957 | 227,017 |
e)
Aggregated information
- Aggregated volume
- Price
N/A
f)
Date of the transaction
18 March 2022
g)
Place of the transaction
London Stock Exchange - Main Market (XLON)
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