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BAE Systems PLC Director's Dealing 2026
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 1177Z
BAE SYSTEMS PLC
01 April 2026
BAE Systems plc
Director/PDMR Shareholding
1. Exercise of BAE Systems Performance shares
BAE Systems plc announces that on 30 and 31 March 2026, the following Persons Discharging Managerial Responsibilities ("PDMRs") exercised performance shares under the BAE Systems Long Term Incentive Plan (LTIP), refer below for futher details:
| Name of PDMR | Number of shares |
| Tania Gandamihardja | 136,861 |
| Edward Gelsthorpe | 119,990 |
| Glynn Phillips | 175,025 |
| Andrea Thompson | 108,706 |
2. Sale of shares
On 30 March 2026, the following PDMR sold ordinary shares of 2.5p each at a consideration of £21.280170 per share, refer below for futher details:
| Name of PDMR | Number of shares |
| Glynn Phillips | 8,146 |
3. Award of Free shares
In addition, on 31 March 2026, the following PDMRs/PCAs (Persons Closely Associated) were awarded Free Shares under the BAE Systems Share Incentive Plan, refer below for futher details:
| Name of PDMR/PCA* | Number of shares |
| Simon Barnes | 29 |
| Gabrielle Costigan | 29 |
| Julian Cracknell | 29 |
| Tania Gandamihardja | 29 |
| Edward Gelsthorpe | 29 |
| Bradley Greve | 29 |
| Caitlin Hayden | 29 |
| Karin Hoeing | 29 |
| Glynn Phillips | 29 |
| Andrea Thompson | 29 |
| Eric Veignat* | 29 |
| Charles Woodburn | 29 |
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director, Air
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Barnes
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director, Business Development
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Gabrielle Costigan
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Chief Technology & Information Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Julian Cracknell
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Human Resources Director
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tania Gandamihardja
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 136,861 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 65,368 shares, including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume | |
| Acquisition of shares on exercise of share awards | £0 | 136,861 |
| Sale of shares, including those to satisfy tax liabilities | £21.1884 | 65,368 |
| Shares retained | 56,181 |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 136,861
Price GBP: £0
Shares sold, including those to satisfy tax liabilities
Volume: 65,368
Price GBP: £1,385,042.33
e)
Date of the transaction
2026-03-30
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Human Resources Director
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tania Gandamihardja
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Edward Gelsthorpe
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 119,990 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 119,990 shares, including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume | |
| Acquisition of shares on exercise of share awards | £0 | 119,990 |
| Sale of shares, including those to satisfy tax liabilities | £20.7535 | 119,990 |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 119,990
Price GBP: £0
Shares sold, including those to satisfy tax liabilities
Volume: 119,990
Price GBP: £2,490,212.47
e)
Date of the transaction
2026-03-30
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Edward Gelsthorpe
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Chief Finance Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bradley Greve
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Communications Director
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Caitlin Hayden
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group ESG, Culture & Business Transformation Director
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Karin Hoeing
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director Maritime and Land
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Glynn Phillips
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 175,025 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 175,025 shares, including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume | |
| Acquisition of shares on exercise of share awards | £0 | 175,025 |
| Sale of shares, including those to satisfy tax liabilities | £20.7535 | 175,025 |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 175,025
Price GBP: £0
Shares sold, including those to satisfy tax liabilities
Volume: 175,025
Price GBP: £3,632,381.34
e)
Date of the transaction
2026-03-30
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director Maritime and Land
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Glynn Phillips
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
Sale of shares.
c)
Price(s) and volume(s)
| Price | Volume | |
| Sale of shares | £21.280170 | 8,146 |
d)
Aggregated information
- Aggregated volume
- Price
| Prices (GBP) | Volume |
| £172,533.40 | 8,146 |
N/A Single transaction
e)
Date of the transaction
2026-03-30
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director Maritime and Land
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Glynn Phillips
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director, Digital Intelligence
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrea Thompson
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 108,706 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 108,706 shares, including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume | |
| Acquisition of shares on exercise of share awards | £0 | 108,706 |
| Sale of shares, including those to satisfy tax liabilities | £21.8829 | 108,706 |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 108,706
Price GBP: £0
Shares sold, including those to satisfy tax liabilities
Volume: 108,706
Price GBP: £2,378,802.53
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Managing Director, Digital Intelligence
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrea Thompson
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Person Closely Associated with Tania Gandamihardja (Group Human Resources Director / PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Eric Veignat
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
1
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
2
Reason for the notification
a)
Position/status
Group Chief Executive Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Charles Woodburn
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 Free Shares under the BAE Systems Share Incentive Plan.
c)
Price(s) and volume(s)
| Price | Volume |
| £0 | 29 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
2026-03-31
f)
Place of the transaction
Outside of a trading venue (sourced from Treasury Shares)
Legal Entity Identifier (LEI): 8SVCSVKSGDWMW2QHOH83
01 April 2026
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