AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Rio Tinto PLC

Remuneration Information Mar 4, 2019

4666_dirs_2019-03-04_7d929793-afc6-4706-8eae-461eaff494d5.html

Remuneration Information

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 7815R

Rio Tinto PLC

04 March 2019

Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)

4 March 2019

Rio Tinto plc notifies the London Stock Exchange (LSE) of PDMR/KMP interests in securities of Rio Tinto plc, in compliance with the EU Market Abuse Regulation. As part of its dual listed company structure, Rio Tinto voluntarily notifies the Australian Securities Exchange (ASX) of material dealings in Rio Tinto plc shares by PDMR/KMP and both ASX and the London Stock Exchange (LSE) of material dealings by PDMR/KMP in Rio Tinto Limited securities.

Performance Share Plan ("PSP")

The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met, under the terms of the Rio Tinto plc PSP and Rio Tinto Limited PSP respectively.

The 2014 PSA is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an Earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 28 February 2019. The remaining third of the 2014 PSA award will vest on 31 May 2019 once the relative EBIT margin performance has been established.

On 28 February 2019, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.

Security Name of PDMR/KMP Conditional Award Granted TSR Vest Portion No: of Shares Lapsed No: of Shares Vested* No: of Shares Sold Price per Share No: of Shares Retained
Rio Tinto plc shares Baatar, Bold 7,765 2,588 2,589 3,010 826 43.27 GBP 2,184
Rio Tinto plc shares Barrios, Alfredo 43,568 14,523 14,523 16,708 9,131 43.27 GBP 7,577
Rio Tinto plc shares Jacques,

Jean-Sébastien
70,057 23,352 23,353 27,166 13,090 43.27 GBP 14,076
Rio Tinto Limited shares Salisbury, Christopher 7,994 2,665 2,665 3,033 1,407 96.68 AUD 1,626
Rio Tinto Limited shares Soirat, Arnaud 16,326 5,442 5,443 6,195 2,135 96.68 AUD 4,060
Rio Tinto Limited shares Trott, Simon 5,135 1,712 1,712 1,948 0 N/A 1,948

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the PSP rules.

Management Share Plan ("MSP")

The MSP is a service based award which provides the participants with an award (known as a Management Share Award or MSA) of Rio Tinto plc or Rio Tinto Limited shares which vests subject to continuous employment. 

On 28 February 2019, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.  All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.

Security Name of PDMR/KMP Conditional Award Granted No. of Shares Vested* No. of Shares Sold Price per Share No. of Shares Retained
Rio Tinto plc shares Baatar, Bold 4,317 4,750 1,849 43.27 GBP 2,901
Rio Tinto Limited shares Salisbury, Christopher 4,632 5,003 2,320 96.68 AUD 2,683
Rio Tinto Limited shares Soirat, Arnaud 5,057 5,462 1,464 96.68 AUD 3,998
Rio Tinto Limited shares Trott, Simon 2,353 2,541 0 N/A 2,541

*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period on the original shares granted, in accordance with the MSP rules.

FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.

LEI: 213800YOEO5OQ72G2R82

Classification: 2.2. Inside information disclosed under article 19 of the Market Abuse Regulation

### Steve Allen

### Group Company Secretary
### Tim Paine

Joint Company Secretary
### Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2058

Registered in England

No. 719885
### Rio Tinto Limited

360 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

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.

END

DSHZZLFBKXFXBBZ

Talk to a Data Expert

Have a question? We'll get back to you promptly.