Persimmon PLC

Remuneration Information • Jul 12, 2022

National Storage Mechanism | Additional information

RNS Number : 2217S

Persimmon PLC

12 July 2022

12 July 2022

Persimmon Plc (the "Company")

Director/PDMR Shareholding

Jason Windsor commenced his role as Chief Financial Officer of the Company on 11 July 2022.

As reported in Persimmon's Directors' Remuneration Report for the year ended 31 December 2021, in line with usual practice the Remuneration Committee agreed that, in recognition of Jason's forfeiture of remuneration on leaving his former employer, he would be granted buy-out awards. As previously disclosed these have been calculated to match and not exceed the value forfeited. Information in relation to the principles applied in agreeing the buy-out awards is included in that Directors' Remuneration Report. In line with the vesting schedule of the forfeited awards, certain of the buy-out awards vested immediately. Half of Jason's forfeited annual bonus for 2021 was satisfied by the grant of a buy-out award as set out below. The remaining 50% of that forfeited bonus was paid in cash, but with half of that cash amount (net of income tax and national insurance) to be used to purchase 6,191 shares in Persimmon on 11 July 2022.

The buy-out awards granted in shares on 11 July 2022 are summarised below.

Forfeited remuneration	Number of Persimmon shares subject to the buy-out award	Vesting date of buy-out award
Annual bonus for 2021	23,900 (reflecting 50% of the forfeited bonus)	March 2025
2019 Deferred Bonus	2,530	11 July 2022
2020 Deferred Bonus	18,569	In respect of 9,285 Persimmon shares, 11 July 2022 In respect of 9,284 Persimmon shares, 23 March 2023
2021 Deferred Bonus	23,829	In respect of 7,943 Persimmon shares, 11 July 2022 In respect of 7,943 Persimmon shares, 25 March 2023 In respect of 7,943 Persimmon shares, 25 March 2024
2019 Restricted Stock	17,296	11 July 2022
2020 LTIP	96,449	23 March 2023 (followed by a two year holding period)*
2021 LTIP	26,808	25 March 2024 (followed by a two year holding period)*

*The vesting of these awards is subject to the satisfaction of the performance conditions applying to the forfeited awards.

Further details of the buy-out awards granted, shares acquired pursuant to the vesting of those buy-out awards that vested immediately, shares sold to cover tax liabilities in connection with the vesting of the awards that vested immediately, and shares purchased with the net of income tax and national insurance bonus are set out below.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jason Windsor

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer

a)

Name

Persimmon Plc

b)

LEI code

213800XI72Y57UWN6F31

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

Transaction 1 - Grant of buy-out awards over Persimmon shares

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

Identification code

GB0006825383

b)

Nature of the transaction

Grant of awards over Persimmon shares in respect of remuneration forfeited on leaving previous employer.

c)

Price(s) and volume(s)

Award	Price	Volume
Award granted in respect of 2021 annual bonus	Nil	23,900
Award granted in respect of 2019 deferred bonus	Nil	2,530
Award granted in respect of 2020 deferred bonus	Nil	18,569
Award granted in respect of 2021 deferred bonus	Nil	23,829
Award granted in respect of 2019 restricted stock	Nil	17,296
Award granted in respect of 2020 LTIP	Nil	96,449
Award granted in respect of 2021 LTIP	Nil	26,808

d)

Aggregated information

- Aggregated volume

- Price

209,381

Nil

e)

Date of the transaction

11 July 2022

f)

Place of the transaction

Outside a trading venue

Transaction 2 - acquisition of Persimmon shares pursuant to the partial vesting of buy-out awards

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

Identification code

GB0006825383

b)

Nature of the transaction

Acquisition of Persimmon shares following the partial vesting of buy-out awards.

c)

Price(s) and volume(s)

Price	Volume
Nil	37,054

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction

N/A Single transaction

e)

Date of the transaction

11 July 2022

f)

Place of the transaction

Outside a trading venue

Transaction 3 - Sale of Persimmon shares to settle tax liability

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

Identification code

GB0006825383

b)

Nature of the transaction

Sale of shares to settle tax liability on vesting of awards.

c)

Price(s) and volume(s)

Price	Volume
£17.62958	17,936

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction

N/A Single transaction

e)

Date of the transaction

11 July 2022 

f)

Place of the transaction

London Stock Exchange (XLON); Main Market

Transaction 4 - Acquisition of Persimmon shares

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10p each

Identification code

GB0006825383

b)

Nature of the transaction

Acquisition of Persimmon shares

c)

Price(s) and volume(s)

Price	Volume
£17.62958	6,191

d)

Aggregated information

- Aggregated volume

- Price

N/A Single transaction

N/A Single transaction

e)

Date of the transaction

11 July 2022 

f)

Place of the transaction

London Stock Exchange (XLON); Main Market

Tracy Davison

Company Secretary

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