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Barratt Developments PLC
Remuneration Information • Oct 20, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8491Q
Barratt Developments PLC
20 October 2023
BARRATT DEVELOPMENTS PLC
(the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs') and persons closely associated ('PCAs') with them
The Company announces that the following share transactions have been undertaken by each of the Executive Directors:
Vesting of Awards under the Barratt Developments PLC Long Term Performance Plan (the 'LTPP')
In November 2020, David Thomas (Chief Executive) and Steven Boyes (Chief Operating Officer and Deputy Chief Executive) were granted awards under the LTPP. In February 2022, shortly after he joined the business, a Replacement Award was granted to Mike Scott (Chief Financial Officer) on the same terms as the LTPP awards. The performance period for each of these awards ended on 30 June 2023 and on 19 October 2023, 19.6% of the awards vested. Details of the awards granted, the number of shares vesting, those sold to cover the tax and national insurance due on release and those retained by each Executive Director are set out in the table below:
| Executive Director | Number of shares granted under the award | Number of shares vesting | Number of shares lapsed | Number of shares sold at £3.940347 per share | Number of shares retained |
| David Thomas | 282,004 | 55,272 | 226,732 | 26,018 | 29,254 |
| Steven Boyes | 223,183 | 43,743 | 179,440 | 20,591 | 23,152 |
| Mike Scott | 67,681 | 13,265 | 54,416 | 6,245 | 7,020 |
The retained shares are subject to a two year holding period which commenced on 1 July 2023.
Following the above transactions, the Company confirms that at the date of this announcement, each of the Executive Directors holds the following total number of options and awards over Ordinary Shares of 10 pence each in the Company:
| Executive Director | Role | Total number of shares under option and/or award |
| David Thomas | Chief Executive | 678,259 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 548,044 |
| Mike Scott | Chief Financial Officer | 311,226 |
In addition, the Company confirms that, at the date of this announcement, each of the Directors of the Company, and their persons closely associated, hold the following total number of ordinary shares of 10 pence each in the Company:
| Director/PDMR | Role | Number of Shares |
| Caroline Silver | Chair | 10,000 |
| David Thomas | Chief Executive | 1,326,830 |
| Steven Boyes | Chief Operating Officer & Deputy Chief Executive | 723,891 |
| Mike Scott | Chief Financial Officer | 69,620 |
| Katie Bickerstaffe | Non-Executive Director | 8,489 |
| Jock Lennox | Non-Executive Director | 10,000 |
| Jasi Halai | Non-Executive Director | 12,581 |
| Nigel Webb | Non-Executive Director | 12,660 |
The Notification of Dealing Forms for the above transactions by David Thomas, Steven Boyes and Mike Scott respectively are set out below:
Notification of Dealing Form - David Thomas
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | David Thomas |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Barratt Developments PLC |
| b) | LEI | 2138006R85VEOF5YNK29 |
| 4.1 | 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 | |
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| b) | Nature of the transaction | Vesting of Shares under the Barratt Developments Long Term Performance Plan |
| c) | Price(s) and volume(s) | 55,272 shares under the Barratt Developments Long Term Performance Plan for no cost |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 19 October 2023 |
| f) | Place of the transaction | Outside a trading venue |
| 4.2 | 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 | |
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
| b) | Nature of the transaction | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1 |
| c) | Price(s) and volume(s) | 26,018 shares sold at £3.940347 per share |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
| e) | Date of the transaction | 19 October 2023 |
| f) | Place of the transaction | XLON |
Notification of Dealing Form - Steven Boyes
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Steven Boyes | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating Officer and Deputy Chief Executive | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Barratt Developments PLC | |
| b) | LEI | 2138006R85VEOF5YNK29 | |
| 4.1 | 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| b) | Nature of the transaction | Vesting of Shares under the Barratt Developments Long Term Performance Plan | |
| c) | Price(s) and volume(s) | 43,743 shares under the Barratt Developments Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 19 October 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
| 4.2 | 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| b) | Nature of the transaction | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1. | |
| c) | Price(s) and volume(s) | 20,591 shares sold at £3.940347 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 19 October 2023 | |
| f) | Place of the transaction | XLON | |
Notification of Dealing Form - Mike Scott
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Mike Scott | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Barratt Developments PLC | |
| b) | LEI | 2138006R85VEOF5YNK29 | |
| 4.1 | 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| b) | Nature of the transaction | Vesting of Shares under the Barratt Developments Long Term Performance Plan | |
| c) | Price(s) and volume(s) | 13,265 shares under the Barratt Developments Long Term Performance Plan for no cost | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 19 October 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
| 4.2 | 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 | ||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 10 pence ISIN: GB0000811801 |
|
| b) | Nature of the transaction | Sale of shares to cover tax and NI liability on the vesting of awards outlined in 4.1. | |
| c) | Price(s) and volume(s) | 6,245 shares sold at £3.940347 per share | |
| d) | Aggregated information - Aggregated volume - Price |
N/A - Single Transaction | |
| e) | Date of the transaction | 19 October 2023 | |
| f) | Place of the transaction | XLON | |
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information, please contact:
Tina Bains, Company Secretary 01530 278 278
Date of Notification: 19 October 2023
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