Trustpilot Group PLC PDMR notification - grant of LTIP awards
04 Abril 2024 - 9:09AM
RNS Regulatory News
RNS Number : 3893J
Trustpilot Group PLC
04 April 2024
4
April 2024
TRUSTPILOT GROUP
PLC
Notification and public
disclosure of transactions by PDMRs
Grant of LTIP
Awards
Trustpilot Group plc (the
"Company") announces that
on 2 April
2024 the following awards over
ordinary shares of 1 pence each in the Company were
granted under the Trustpilot Group plc Long Term
Incentive Plan (the "LTIP") to the following persons
discharging managerial responsibilities:
Participant
|
Position
|
No. of Shares under
Award
|
Adrian Blair
|
Chief Executive Officer
|
609,632
|
Hanno Damm
|
Chief Financial Officer
|
427,766
|
The awards above were granted as conditional awards and
will ordinarily vest on 2 April 2027, subject to the grantee's
continued service and the Remuneration Committee's assessment of
the extent to which the award's performance conditions are
satisfied. The awards above are subject to
a two-year post-vesting holding period.
The vesting of 75 per cent. of such
awards (the "Relative TSR
Part") is subject to the Company's total shareholder return
("TSR") performance over a
three year period that commenced on 2 April
2024 relative to the TSR
performance over the same period of the constituents of
the FTSE 250 Index (excluding investment trusts and the
Company) as at 2 April 2024. One
quarter of the Relative TSR Part will vest for median ranking
performance, rising on a straight-line
basis to full vesting of the Relative TSR Part for upper quartile
ranking (or better) relative TSR performance.
The vesting of 25 per cent. of such
awards (the "Trust Measure
Part") is subject to targets set for the average
rating of all reviews of
Trustpilot on the Trustpilot platform posted between 1 January 2024 and 31
December 2026. One quarter of
the Trust Measure Part will vest for
an average rating over the measurement period of 4.0, rising on a
straight-line basis to full vesting of the Trust Measure Part for
an average rating over the measurement period of 4.4 (or
better).
As an additional condition, a term
of the performance conditions include that no part of such LTIP
awards will vest unless the Remuneration Committee is satisfied as
to overall Company performance over the period until vesting, and,
as required by the UK Corporate Governance Code, the
Remuneration Committee will retain a power to moderate the vesting
levels from awards if this is appropriate in all of the
circumstances, including consideration of shareholder
experience.
The following notifications, made
pursuant to Article 19 of the UK Market Abuse Regulation, provide
further details.
1.
|
Details of PDMR
|
(a)
|
Name
|
1. Adrian
Blair
2. Hanno Damm
|
(b)
|
Position/status
|
1. Chief Executive Officer /
PDMR
2. Chief Financial Officer /
PDMR
|
(c)
|
Initial
notification/amendment
|
Initial Notification
|
2.
|
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 and identification code
|
Ordinary shares of GBP 0.01 each
in
Trustpilot Group plc
(LEI:
2138002ILUNMGNPSGG46)
ISIN: GB00BNK9TP58
|
(b)
|
Nature of the transaction
|
Grant of a conditional award under
the Trustpilot Group plc Long Term Incentive
Plan
|
(c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
1. Nil
2. Nil
|
1. 609,632
2. 427,766
|
|
(d)
|
Aggregated information/Aggregated
volume Price
|
N/A - single transactions
|
(e)
|
Date of the transaction
|
2024-04-02
(UTC+1)
|
(f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries:
Trustpilot:
|
Anne McSherry, Company
Secretary
corporateservices@trustpilot.com
|
Headland
Consultancy:
|
Stephen Malthouse
Charlie Pepper
+44 (0)73 1136 9861
|
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END
DSHIIMATMTMMBRI
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