Remuneration Information • Mar 3, 2015
Remuneration Information
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RNS Number : 4252G
Unilever PLC
03 March 2015
On 17 February 2015 we announced (RNS number 1602F entitled 'Director/PDMR Shareholding') the number of Unilever PLC Ordinary shares of 3 1/9p each awarded on 13 February 2015 with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007 for Messrs Paul Polman (Director) and Jean-Marc Huët (Director).
The awards that we announced were based upon a salary increase for both Paul Polman and Jean-Marc Huët for 2015 that had been recommended by the Compensation Committee and approved by the Board. However, after the announcement date both Paul Polman and Jean-Marc Huët turned down their respective salary increase. The Board noted and approved these decisions of Paul Polman and Jean-Marc Huët on 3 March 2015.
For Mr P Polman (Director), the award under the Global Share Incentive Plan 2007 granted on 13 February 2015 of 38,322 has therefore been recalculated to an award of 36,497.
For Mr JMr R J-M S Huët (Director), the award under the Global Share Incentive Plan 2007 granted on 13 February 2015 of 23,140 has therefore been recalculated to an award of 22,576.
These two amendments are identified below with an asterisk. All other details within the original announcement (RNS number 1602F) remain unchanged.
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Unilever PLC was notified on 16 February 2015 that on 13 February 2015 the following awards under the Unilever Global Share Incentive Plan 2007 (GSIP), the Unilever North America Omnibus Equity Compensation Plan and the Unilever Management Co-Investment Plan (MCIP) were granted based on the London Stock Exchange closing price of £27.89 on 13 February 2015.
Unilever Global Share Incentive Plan 2007 (GSIP)
Executive Directors and PDMRs receive performance-related Unilever N.V. (NV) and Unilever PLC (PLC) shares in a 50/50 mix. Prior to vesting, Executive Directors and PDMRs are able to choose whether they receive any shares that are due to vest in PLC or NV shares or a 50/50 mix.
The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007:
| Mr D Baillie (PDMR) | 4,690 |
| Mr D Blanchard (PDMR) | 4,690 |
| Mr K Havelock (PDMR) | 4,690 |
| Mr R J-M S Huët (Director) | 22,576 * |
| Mr P G J M Polman (Director) | 36,497 * |
| Mr N Paranjpe (PDMR) | 7,035 |
| Mr A de Saint-Affrique (PDMR) | 3,518 |
| Mr P-L Sigismondi (PDMR) | 5,863 |
| Ms R Sotamaa (PDMR) | 4,690 |
| Mr K F Weed (PDMR) | 4,690 |
| Mr J Zijderveld (PDMR) | 4,690 |
The above transactions were carried out in the UK.
Unilever Management Co-Investment Plan (MCIP)
Executive Directors and PDMRs are able to choose whether they invest their annual bonus in NV or PLC shares or a 50/50 mix. Executive Directors and PDMRs receive a corresponding number of performance-related shares (matching shares) under the MCIP. Matching shares will be awarded in the same form as the investment shares (i.e. in NV or PLC shares or a 50/50 mix).
The following number of Unilever PLC Ordinary shares of 3 1/9p each were purchased as part of the individual's investment shares and the following number of matching shares were awarded pursuant to the Unilever Management Co-Investment Plan:
| Investment Shares | Matching Shares | |
| Mr D Blanchard (PDMR) | 1,960 | 1,960 |
| Mr K Havelock (PDMR) | 1,781 | 1,781 |
| Mr R J-M S Huët (Director) | 2,839 | 2,839 |
| Mr N Paranjpe (PDMR) | 1,821 | 1,821 |
| Ms R Sotamaa (PDMR) | 1,781 | 1,781 |
| Mr K F Weed (PDMR) | 4,752 | 4,752 |
The above transactions were carried out in the UK.
Unilever North America 2002 Omnibus Equity Plan
Executive Directors and PDMRs receive performance-related NV and PLC shares in a 50/50 mix. Prior to vesting, Executive Directors and PDMRs are able to choose whether they receive any shares that are due to vest in PLC or NV shares or a 50/50 mix.
The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007:
| Mr K Kruythoff (PDMR) | 5,863 |
The above transactions were carried out in the UK.
Unilever North America 2002 Omnibus Equity Plan
Unilever PLC was notified on 16 February 2015 that on 13 February 2015 the following awards pursuant to the Unilever Global Share Incentive Plan 2007 (GSIP) and the Unilever Management Co Investment Plan (MCIP) under the Unilever North America Omnibus Equity Compensation Plan were granted based on the New York Stock Exchange closing price of $43.03 on 13 February 2015.
Executive Directors and PDMRs receive performance-related NV and PLC shares in a 50/50 mix. Prior to vesting, Executive Directors and PDMRs are able to choose whether they receive any shares that are due to vest in PLC or NV shares or a 50/50 mix.
The following number of Unilever PLC American Depositary Receipts (PLC ADRs) each representing 1 Ordinary 3 1/9 pence share were awarded with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007:
| Mr A Jope (PDMR) | 7,033 |
Executive Directors and PDMRs are able to choose whether they invest their annual bonus in NV or PLC shares or a 50/50 mix. Executive Directors and PDMRs receive a corresponding number of performance-related shares (matching shares) under the MCIP. Matching shares will be awarded in the same form as the investment shares (i.e. in NV or PLC shares or a 50/50 mix).
The following number of Unilever PLC American Depositary Receipts (PLC ADRs) each representing 1 Ordinary 3 1/9 pence share were awarded with conditional rights pursuant to the Unilever Management Co-Investment Plan:
| Investment Shares | Matching Shares | |
| Mr A Jope (PDMR) | 1,247 | 1,247 |
The above transactions were carried out in the USA.
This announcement is made following notifications under Disclosure and Transparency rule 3.1.4(R)(1)(a).
Name of contact and telephone number for queries:
LOUISE PHILLIPS - +44(0)207 822 6127
Name of authorised official of issuer responsible for making notification:
TONIA LOVELL - COMPANY SECRETARY
3 March 2015
This information is provided by RNS
The company news service from the London Stock Exchange
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