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Prudential PLC — Remuneration Information 2020
Apr 9, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 4204J
Prudential PLC
09 April 2020
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Wells
2
Reason for the notification
a)
Position/status
Group Chief Executive (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Annual Incentive Plan to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 83,782 |
d)
Aggregated information
- Aggregated volume
- Price
83,782
10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark FitzPatrick
2
Reason for the notification
a)
Position/status
Group Chief Financial Officer and Chief Operating Officer (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Annual Incentive Plan to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 48,780 |
d)
Aggregated information
- Aggregated volume
- Price
48,780
GBP 10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Turner
2
Reason for the notification
a)
Position/status
Group Chief Risk and Compliance Officer (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Annual Incentive Plan to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 42,125 |
d)
Aggregated information
- Aggregated volume
- Price
42,125
GBP 10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Falcon
2
Reason for the notification
a)
Position/status
Chief Executive Officer of Jackson Holdings LLC (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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
American Depositary Receipt ("ADR")
74435K204
b)
Nature of the transactions
(i) Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria
(ii) Receipt of an award under the Annual Incentive Plan to be released in April 2023
(iii) Receipt of an award under the Restricted Stock Plan 2015 to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | USD 25.87 | 123,695 |
| (ii) | USD 25.87 | 65,021 |
| (iii) | USD 25.87 | 121,072 |
d)
Aggregated information
- Aggregated volume
- Price
309,788
USD 25.87
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
New York Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicolaos Nicandrou
2
Reason for the notification
a)
Position/status
Chief Executive, Prudential Corporation Asia (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria
(ii) Receipt of an award under the Annual Incentive Plan to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 273,381 |
| (ii) | GBP 10.49 | 75,965 |
d)
Aggregated information
- Aggregated volume
- Price
349,346
GBP 10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Al-Noor Ramji
2
Reason for the notification
a)
Position/status
Group Chief Digital Officer (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria
(ii) Receipt of an award under the Annual Incentive Plan to be released in April 2023
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 103,527 |
| (ii) | GBP 10.49 | 55,958 |
d)
Aggregated information
- Aggregated volume
- Price
159,485
GBP 10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jolene Chen
2
Reason for the notification
a)
Position/status
Group Human Resources Director (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transactions
(i) Receipt of an award under the Prudential Long Term Incentive Plan to vest in April 2023 subject to the achievement of performance criteria
(ii) Receipt of an award under the Annual Incentive Plan to be released in April 2023
(iii) Receipt of an award under the PCA Deferred Bonus Plan to be released in April 2022
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| (i) | GBP 10.49 | 86,841 |
| (ii) | GBP 10.49 | 8,650 |
| (iii) | GBP 10.49 | 59,050 |
d)
Aggregated information
- Aggregated volume
- Price
154,541
GBP 10.49
e)
Date of the transactions
2020-04-09
f)
Place of the transactions
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Michael Wells
2
Reason for the notification
a)
Position/status
Group Chief Executive (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transaction
Acquisition of shares through the Prudential Group Share Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 10.405 | 19 |
d)
Aggregated information
- Aggregated volume
- Price
19
GBP 10.405
e)
Date of the transaction
2020-04-08
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark FitzPatrick
2
Reason for the notification
a)
Position/status
Group Chief Financial Officer and Chief Operating Officer (PDMR)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Prudential plc
b)
LEI
5493001Z3ZE83NGK8Y12
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 5 pence each
GB0007099541
b)
Nature of the transaction
Acquisition of shares through the Prudential Group Share Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 10.405 | 19 |
d)
Aggregated information
- Aggregated volume
- Price
19
GBP 10.405
e)
Date of the transaction
2020-04-08
f)
Place of the transaction
London Stock Exchange
Additional information
The Prudential plc Remuneration Committee will consider all relevant factors when the 2020 Prudential Long Term Incentive Plan awards vest in April 2023 and may reduce vesting levels to ensure that PDMRs do not benefit from windfall gains. These factors will include the timing and extent of the recovery of the share prices of Prudential, its peer group and the indices on which it is listed, the performance of the Company over the period 2020 - 2022 and any other considerations that the Committee deems relevant.
In the case of shares being granted under the Prudential Long Term Incentive Plan these awards are subject to a further 2 year holding period which cannot be charged, pledged, transferred or otherwise encumbered following release.
Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America nor with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
Contact
Jennie Webb, Share Plans and Share Capital Manager, +44 (0)20 3977 9750
Chris Smith, Deputy Group Secretary, +44 (0)20 3977 9639
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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