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Rotork PLC Remuneration Information 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 2154I
Rotork PLC
25 March 2024
25 March 2024
Rotork plc (the 'Company')
Notification of transactions
by Persons Discharging Managerial Responsibilities ("PDMR")
The following disclosures are given in fulfilment of the Company's obligations under DTR 3.1 and the UK version of EU Market Abuse Regulation. The Company provides notification of the following transactions, effected on 21 March 2024, outside of a market venue, relating to the below named PDMRs and their respective interests in the ordinary share capital of the Company ('Shares'). The transactions arise from awards, made to each of the PDMRs by the Remuneration Committee on 21 March 2024, of a three-year performance conditioned nil cost option over, or conditional award of, Shares under the Company's Long Term Incentive Plan ('LTIP'). The number of Shares shown is the maximum available if the performance conditions for the period from 1 January 2024 to 31 December 2026 are satisfied in full. The number of Shares have been calculated by reference to a price of £3.266, being the average of the Company's Share price over the five trading days immediately preceding the date of grant. The awards made to Executive Directors have been made in accordance with the Directors' Remuneration Policy.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Kiet Huynh
2
Reason for the notification
a)
Position/status
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
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 377,464 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Ben Peacock
2
Reason for the notification
a)
Position/status
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
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 230,404 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Paul Burke
2
Reason for the notification
a)
Position/status
Chief Information Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 60,630 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Stuart Pain
2
Reason for the notification
a)
Position/status
Group General Counsel and Company Secretary
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 58,450 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Lyndsey Norris
2
Reason for the notification
a)
Position/status
Business Transformation Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 49,381 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Metin Gerceker
2
Reason for the notification
a)
Position/status
Managing Director, Water and Power
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 56,582 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Keith Barnard
2
Reason for the notification
a)
Position/status
Managing Director, Oil and Gas
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of a conditional share award under the rules of the Company's LTIP
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 71,188 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Mike Pelezo
2
Reason for the notification
a)
Position/status
Site Services Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of a conditional share award under the rules of the Company's LTIP
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 52,526 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
1
Details of the person discharging managerial responsibilities / closely associated person
a)
Name
Ross Pascoe
2
Reason for the notification
a)
Position/status
Chief Technology Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Rotork plc
b)
LEI
213800AH5RZIHGWRJ718
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
Ordinary 0.5p shares
Identification code
ISIN GB00BVFNZH21
b)
Nature of the transaction
Grant of nil cost options over Shares under the rules of the Company's LTIP.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| Per share | £nil | 45,009 |
| Aggregated | N/A single transaction |
d)
Date of the transaction
2024-03-21
e)
Place of the transaction
Outside a trading venue.
The Company can confirm that the above named PDMRs have complied with his obligation to notify the Financial Conduct Authority of the above transactions as required under the UK version of the EU Market Abuse Regulation.
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Rotork contact and telephone number for enquiries:
| Stuart Pain, Group General Counsel & Company Secretary | Tel: +44 (0)1225 733 200 |
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