BHP Group Limited — Director's Dealing 2022

Nov 24, 2022

National Storage Mechanism | Additional information

RNS Number : 5145H

BHP Group Limited

24 November 2022

BHP GROUP LIMITED

Notification and public disclosure of transactions by

Persons Discharging Managerial Responsibilities

1

Details of the person discharging managerial responsibilities / persons closely associated

a)  

Name

Mike Henry

2

Reason for the notification

a)  

Position/status

PDMR (Chief Executive officer)

b)  

Initial notification/Amendment

Initial notification

3

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

a)

Name

BHP Group Limited

b)

LEI

WZE1WSENV6JSZFK0JC28

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

This notification is in respect of the grant of the following awards

to the Chief Executive Officer under the Group's incentive plans: (i) Long Term Incentive Plan Awards; (ii) Cash and Deferred Plan Awards that vest after two-years; and (iii) Cash and Deferred Plan Awards that vest after five-years.

This notification is also in respect of the grant and vesting of Uplift Awards to the Chief Executive Officer under the Group's incentive plans.

Employees who continued to be employed by BHP after completion of the Petroleum merger with Woodside on 1 June

2022 did not receive the in specie dividend paid by BHP in respect of any unvested share rights, and the value of the underlying BHP shares which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. To treat BHP employees fairly and restore the value of the unvested share rights to their pre-completion value, BHP granted those employees a one-off grant of additional matching entitlements (Uplift Awards) on the same substantive terms as the original unvested share rights.

Type of Instrument

Each award under BHP Group Limited's Cash and Deferred Plan and Long Term Incentive Plan is a conditional right to one ordinary fully paid share in BHP Group Limited, subject to meeting the applicable service and/or performance conditions.

Identification code

ISIN: AU000000BHP4

b)  

Nature of the transaction

1.   The award of 118,853 Long Term Incentive Plan Awards

2.   The award of 44,335 Cash and Deferred Plan Awards that vest in two years.

3.   The award of 44,335 Cash and Deferred Plan Awards that vest in five years.

4.   The grant of 117,948 Uplift Awards under BHP Group Limited's Long Term Incentive Plan and Cash and Deferred Plan.

5.   The acquisition of 31,616 ordinary shares following the vesting of Uplift Awards under BHP Group Limited's Long Term Incentive Plan and Cash and Deferred Plan. 

6.   The on-market sale of 31,616 ordinary shares in BHP Group Limited in order to meet expected tax obligations arising from the transactions described in 5.

c)  

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	Nil	118,853
2.	Nil	44,335
3.	Nil	44,335
4.	Nil	117,948
5.	Nil	31,616
6.	A$43.32	31,616

d)  

Aggregated information

- Aggregated volume

- Price

325,471 share rights - nil price

31,616 ordinary shares - A$43.23

e)  

Date of the transaction

2022-11-22

f)   

Place of the transaction

Australian Securities Exchange (ASX)

1

Details of the person discharging managerial responsibilities / persons closely associated

b)

Name

Geraldine Slattery

2

Reason for the notification

c) 

Position/status

PDMR (President Australia)

d)

Initial notification/Amendment

Initial notification

3

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

a)

Name

BHP Group Limited

b)

LEI

WZE1WSENV6JSZFK0JC28

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.

g)

Description of the financial instrument, type of instrument

Identification code

This notification is in respect of the grant of the following awards

to the President Australia under the Group's incentive plans:(i) Long Term Incentive Plan Awards; (ii) Cash and Deferred Plan Awards that vest after two-years; and (ii) Cash and Deferred Plan Awards that vest after five-years.

Type of Instrument

Each award under the Cash and Deferred Plan and Long Term

Incentive Plan is a conditional right to one ordinary fully paid share

in BHP Group Limited, subject to meeting the applicable service

and/or performance conditions.

Identification code

ISIN: AU000000BHP4

h) 

Nature of the transaction

1.   The award of 58,237 Long Term Incentive Plan Awards.

2.   The award of 23,784 Cash and Deferred Plan Awards that vest in two years.

3.   The award of 23,784 Cash and Deferred Plan Awards that vest in five years.

i)  

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	Nil	58,237
2.	Nil	23,784
3.	Nil	23,784

j)  

Aggregated information

- Aggregated volume

- Price

105,805 share rights - nil price

k) 

Date of the transaction

2022-11-22

l)  

Place of the transaction

Australian Securities Exchange (ASX)

1

Details of the person discharging managerial responsibilities / persons closely associated

a)

Name

Edgar Basto-Baez

2

Reason for the notification

a)

Position/status

PDMR (Chief Operating Officer)

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

BHP Group Limited

b)

LEI

WZE1WSENV6JSZFK0JC28

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

This notification is in respect of the grant of the following awards

to the Chief Operating Officer under the Group's incentive plans: (i) Long Term Incentive Plan Awards; (ii) Cash and Deferred Plan Awards that vest after two-years; and (iii) Cash and Deferred Plan Awards that vest after five-years.

Type of Instrument

Each award under the Cash and Deferred Plan and Long Term

Incentive Plan is a conditional right to one ordinary fully paid share

in BHP Group Limited, subject to meeting the applicable service

and/or performance conditions.

Identification code

ISIN: AU000000BHP4

b)

Nature of the transaction

1.   The award of 58,237 Long Term Incentive Plan Awards.

2.   The award of 21,936 Cash and Deferred Plan Awards that vest in two years.

3.   The award of 21,936 Cash and Deferred Plan Awards that vest in five years.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	Nil	58,237
2.	Nil	21,936
3.	Nil	21,936

d)

Aggregated information

- Aggregated volume

- Price

102,109 share rights - nil price

e)

Date of the transaction

2022-11-22

f) 

Place of the transaction

Australian Securities Exchange (ASX)

1

Details of the person discharging managerial responsibilities / persons closely associated

a)

Name

David Lamont

2

Reason for the notification

a)

Position/status

PDMR (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

BHP Group Limited

b)

LEI

WZE1WSENV6JSZFK0JC28

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

This notification is in respect of the grant of the following awards

to the Chief Financial Officer under the Group's incentive plans:(i) Cash and Deferred Plan Awards that vest after two-years; (ii) Cash and Deferred Plan Awards that vest after five-years; and (iii) Long Term Incentive Plan Awards.

Type of Instrument

Each award under the Cash and Deferred Plan and Long Term

Incentive Plan is a conditional right to one ordinary fully paid share

in BHP Group Limited, subject to meeting the applicable service

and/or performance conditions.

Identification code

ISIN: AU000000BHP4

b)

Nature of the transaction

1.   The award of 58,237 Long Term Incentive Plan Awards.

2.   The award of 24,775 Cash and Deferred Plan Awards that vest in two years.

3.   The award of 24,775 Cash and Deferred Plan Awards that vest in five years.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	Nil	58,237
2.	Nil	24,775
3.	Nil	24,775

d)

Aggregated information

- Aggregated volume

- Price

107,787 share rights - nil price

e)

Date of the transaction

2022-11-22

f)

Place of the transaction

Australian Securities Exchange (ASX)

1

Details of the person discharging managerial responsibilities / persons closely associated

a)

Name

John Udd

2

Reason for the notification

c)

Position/status

PDMR (President Americas)

d)

Initial notification/Amendment

Initial notification

3

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

a)

Name

BHP Group Limited

b)

LEI

WZE1WSENV6JSZFK0JC28

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

This notification is in respect of the grant of the following awards

to the President Americas under the Group's incentive plans:(i) Cash and Deferred Plan Awards that vest after two-years; (ii) Cash and Deferred Plan Awards that vest after five-years; and (iii) Long Term Incentive Plan Awards.

Type of Instrument

Each award under the Cash and Deferred Plan and Long Term

Incentive Plan is a conditional right to one ordinary fully paid share

in BHP Group Limited, subject to meeting the applicable service

and/or performance conditions.

Identification code

ISIN: AU000000BHP4

b)

Nature of the transaction

4.   The award of 55,266 Long Term Incentive Plan Awards.

5.   The award of 22,167 Cash and Deferred Plan Awards that vest in two years.

6.   The award of 22,167 Cash and Deferred Plan Awards that vest in five years.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	Nil	55,266
2.	Nil	22,167
3.	Nil	22,167

d)

Aggregated information

- Aggregated volume

- Price

99,600 share rights - nil price

e)

Date of the transaction

2022-11-22

f)

Place of the transaction

Australian Securities Exchange (ASX)

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