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Smith & Nephew PLC — Remuneration Information 2018
Mar 8, 2018
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Remuneration Information
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RNS Number : 1532H
Smith & Nephew Plc
08 March 2018
SMITH & NEPHEW PLC
08 March 2018
NOTIFICATION AND PUBLIC DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE EU MARKET ABUSE REGULATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
On 7 March 2018 the following awards of US$0.20 ordinary shares (the "Shares") in Smith & Nephew plc (the "Company") were granted under the Smith & Nephew Global Share Plan 2010. The Awards have been made in London and are based on the closing Share price on the London Stock Exchange on 6 March 2018 of £12.91.
1. PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010
There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2021, subject to the achievement of the performance conditions which are measured from 1 January 2018 to 31 December 2020. The numbers of shares subject to the above awards are shown at target vesting. Should maximum vesting be achieved, participants will receive 2x the number of shares shown below. Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.
| Name | Grant date | Director/Persons Discharging Managerial Responsibilities ('PDMR') | Number of shares subject to award shown at target vesting |
| Graham Baker | 07.03.2018 | Chief Financial Officer | 37,529 |
| Rodrigo Bianchi | 07.03.2018 | PDMR | 25,159 |
| Bradley Cannon | 07.03.2018 | PDMR | 16,264 |
| Elga Lohler | 07.03.2018 | PDMR | 12,384 |
| Cathy O'Rourke | 07.03.2018 | PDMR | 12,274 |
| Vasant Padmanabhan | 07.03.2018 | PDMR | 13,947 |
| Cyrille Petit | 07.03.2018 | PDMR | 16,458 |
| Matthew Stober | 07.03.2018 | PDMR | 18,537 |
| Glenn Warner | 07.03.2018 | PDMR | 18,356 |
2. EQUITY INCENTIVE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010
The awards will normally vest in equal annual tranches over three years following the award date subject to continued achievement of objectives and employment. In the event that objectives are not met in any of the three years, the portion of shares due to vest on the following anniversary will lapse. Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.
| Name | Grant date | Director/PDMR | Number of shares subject to award |
| Olivier Bohuon | 07.03.2018 | Chief Executive Officer | 40,801 |
| Graham Baker | 07.03.2018 | Chief Financial Officer | 21,727 |
| Rodrigo Bianchi | 07.03.2018 | PDMR | 25,159 |
| Bradley Cannon | 07.03.2018 | PDMR | 14,785 |
| Elga Lohler | 07.03.2018 | PDMR | 12,384 |
| Cathy O'Rourke | 07.03.2018 | PDMR | 12,274 |
| Vasant Padmanabhan | 07.03.2018 | PDMR | 12,679 |
| Cyrille Petit | 07.03.2018 | PDMR | 16,458 |
| Matthew Stober | 07.03.2018 | PDMR | 18,537 |
| Glenn Warner | 07.03.2018 | PDMR | 16,687 |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Olivier Bohuon
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
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 40,801 | £526,740.91 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Graham Baker
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
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 37,529 | £484,499.39 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 21,727 | £280,495.57 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Rodrigo Bianchi
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 25,159 | £324,802.69 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 25,159 | £324,802.69 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bradley Cannon
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 16,264 | £209,968.24 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 14,785 | £190,874.35 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Elga Lohler
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 12,384 | £159,877.44 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 12,384 | £159,877.44 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Cathy O'Rourke
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 12,274 | £158,457.34 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 12,274 | £158,457.34 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Vasant Padmanabhan
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 13,947 | £180,055.77 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 12,679 | £163,685.89 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Cyrille Petit
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 16,458 | £212,472.78 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 16,458 | £212,472.78 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Matthew Stober
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 18,537 | £239,312.67 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 18,537 | £239,312.67 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Glenn Warner
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smith & Nephew plc
b)
LEI
213800ZTMDN8S67S1H61
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
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Performance Share Awards granted at target on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 18,356 | £236,975.96 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency |
| 2018 - 03 - 07 | Smith & Nephew plc Ordinary Shares of USD 0.20 each | ISIN: GB0009223206 | Outside a trading venue | GBP - British Pound |
| Nature of Transaction: Equity Incentive Awards granted on 7 March 2018 under the Smith & Nephew Global Share Plan 2010 |
Price | Volume | Total | |
| £12.91 | 16,687 | £215,429.17 | ||
| Aggregated | Single Transaction N/A |
Single Transaction N/A |
Single Transaction N/A |
Susan Swabey
Company Secretary
Smith & Nephew plc
Tel: 01923 477317
This information is provided by RNS
The company news service from the London Stock Exchange
END
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