BAE Systems PLC

Remuneration Information • Mar 28, 2024

National Storage Mechanism | Additional information

RNS Number : 7924I

BAE SYSTEMS PLC

28 March 2024

Director/PDMR Shareholding

BAE Systems plc announces that on 21 March 2024 it made the following awards over ordinary shares of 2.5p each in BAE Systems plc under the BAE Systems Long Term Incentive Plan ("LTIP") to the Persons Discharging Managerial Responsibilities ("PDMRs") specified below:

1.  Performance Shares granted in the form of nil cost options:

Name of PDMR	Number of shares granted under option
Thomas Arseneault	294,011
Simon Barnes	74,101
Gabrielle Costigan	66,751
Julian Cracknell	72,417
Tania Gandamihardja	72,417
Edward Gelsthorpe	72,417
Bradley Greve	196,563
Caitlin Hayden	49,041
Karin Hoeing	87,574
Benjamin Hudson	94,227
Glynn Phillips	70,608
Andrea Thompson	51,740
Charles Woodburn	341,686

2.  Restricted Shares granted in the form of a conditional award:

Name of PDMR	Number of shares under award
Thomas Arseneault	100,231

3.  BAE Systems Deferred Bonus Plan

In addition, on 21 March 2024, the following PDMRs purchased ordinary shares of 2.5p each at a consideration of £13.4988 per share under the BAE Systems Deferred Bonus Plan ("DBP") ("Deferred Shares"):  

Name of PDMR	Number of Deferred Shares acquired (beneficial interest )	Price per share (£)
Thomas Arseneault	25,434	13.4988
Simon Barnes	2,302	13.4988
Gabrielle Costigan	5,015	13.4988
Julian Cracknell	5,953	13.4988
Tania Gandamihardja	5,741	13.4988
Edward Gelsthorpe	5,815	13.4988
Bradley Greve	19,877	13.4988
Caitlin Hayden	3,651	13.4988
Karin Hoeing	7,578	13.4988
Benjamin Hudson	8,146	13.4988
Glynn Phillips	6,023	13.4988
Andrea Thompson	2,972	13.4988
Charles Woodburn	35,285	13.4988

4.  Exercise of BAE Systems Performance shares

On 26 March 2023, the following PDMRs exercised performance shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:

Name of PDMR	Number of shares
Thomas Arseneault	561,786
Caitlin Hayden	29,741

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	294,011

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 294,011 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	25,434

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 25,434 shares

£343,328.48

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·      Restricted Shares in the form of a conditional award.

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	100,231

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 100,231 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Exercise of 561,786 performance and restricted shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 433,965 shares including those to satisfy tax liabilities.

c)

Price(s) and volume(s)

	Price	Volume(s)
Acquisition of shares on exercise of share awards	£0	561,786
Sale of shares including those to satisfy tax liabilities	£13.6482180	433,965
Shares retained		127,821

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume:  561,786

Price GBP:  £0

Shares sold including those to satisfy income tax liabilities

Volume:  433,965

Price GBP: £5,922,848.92437

e)

Date of the transaction

24-03-26

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Barnes

2

Reason for the notification

a)

Position/status

Managing Director, BAE Systems Saudi Arabia

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	74,101

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 74,101 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Barnes

2

Reason for the notification

a)

Position/status

Managing Director, BAE Systems Saudi Arabia

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	2,302

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 2,302 shares

£31,074.24

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gabrielle Costigan

2

Reason for the notification

a)

Position/status

Group Managing Director, Business Development

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	66,751

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 66,751 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gabrielle Costigan

2

Reason for the notification

a)

Position/status

Group Managing Director, Business Development

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	5,015

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 5,015 shares

£67,696.48

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julian Cracknell

2

Reason for the notification

a)

Position/status

Chief Technology & Information Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	72,417

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 72,417 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julian Cracknell

2

Reason for the notification

a)

Position/status

Chief Technology & Information Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	5,953

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 5,953 shares

£80,358.3564

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tania Gandamihardja

2

Reason for the notification

a)

Position/status

Group Human Resources Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	72,417

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 72,417 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tania Gandamihardja

2

Reason for the notification

a)

Position/status

Group Human Resources Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	5,741

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 5,741 shares

£77,496.61

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Edward Gelsthorpe

2

Reason for the notification

a)

Position/status

Group General Counsel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	72,417

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 72,417 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Edward Gelsthorpe

2

Reason for the notification

a)

Position/status

Group General Counsel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	5,815

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 5,815 shares

£78,495.52

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley Greve

2

Reason for the notification

a)

Position/status

Group 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

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	196,563

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 196,563 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley Greve

2

Reason for the notification

a)

Position/status

Group 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

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	19,877

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 19,877 shares

£268,315.65

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Caitlin Hayden

2

Reason for the notification

a)

Position/status

Group Communications Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	49,041

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 49,041 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Caitlin Hayden

2

Reason for the notification

a)

Position/status

Group Communications Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	3,651

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 3,651 shares

£49,284.12

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Caitlin Hayden

2

Reason for the notification

a)

Position/status

Group Communications Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Exercise of 29,741 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 11,220 shares to satisfy tax liabilities.

c)

Price(s) and volume(s)

	Price	Volume(s)
Acquisition of shares on exercise of share awards	£0	29,741
Sale of shares to satisfy tax liabilities	£13.6482180	11,220
Shares retained		18,521

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume:  29,741

Price GBP:  £0

Shares sold to satisfy tax liabilities

Volume:  11,220

Price GBP: £153,133.01

e)

Date of the transaction

24-03-26

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karin Hoeing

2

Reason for the notification

a)

Position/status

Group ESG, Culture & Business Transformation Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	87,574

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 87,574 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karin Hoeing

2

Reason for the notification

a)

Position/status

Group ESG, Culture & Business Transformation Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	7,578

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 7,578 shares

£102,293.91

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Benjamin Hudson

2

Reason for the notification

a)

Position/status

Chief Executive, BAE Systems Australia

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	94,227

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 94,227 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Benjamin Hudson

2

Reason for the notification

a)

Position/status

Chief Executive, BAE Systems Australia

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	8,146

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 8,146 shares

£109,961.22

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glynn Phillips

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	70,608

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 70,608 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glynn Phillips

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	6,023

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 6,023 shares

£81,303.27

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrea Thompson

2

Reason for the notification

a)

Position/status

Group Managing Director, Digital Intelligence

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	51,740

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 51,740 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrea Thompson

2

Reason for the notification

a)

Position/status

Group Managing Director, Digital Intelligence

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	2,972

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 2,972 shares

£40,118.43

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Woodburn

2

Reason for the notification

a)

Position/status

Chief Executive Officer and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of performance shares under the LTIP in the form of nil cost options

c)

Price(s) and volume(s)

Price	Volume(s)
NIL consideration	341,686

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 341,686 shares

£00.00

e)

Date of the transaction

Award made on 24-03-21

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Woodburn

2

Reason for the notification

a)

Position/status

Chief Executive Officer and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP.

c)

Price(s) and volume(s)

Price	Volume(s)
13.4988	35,285

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 35,285 shares

£476,305.1580

e)

Date of the transaction

24-03-21

f)

Place of the transaction

XLON - London Stock Exchange

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