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Glencore plc announced the vesting of 925,021 shares for its Chief Executive Officer, Gary Nagle, on 22 March 2026. These shares comprised 316,399 from a Deferred Bonus Award and 608,622 from a Restricted Share Plan award, which were initially granted on 23 March 2023.
| Date | 23 Mar 2026 |
| Time | 13:30:00 |
| Category | Director/PDMR dealings |
| ID | 7364X |
Glencore plc
Baar, Switzerland
23 March 2026
PDMR notification: Vesting of awards to CEO
The Company announces the vesting on 22 March 2026 of shares granted to its Chief Executive Officer, Gary Nagle, in respect of a Deferred Bonus Award (DBA) and a Restricted Share Plan (RSP) award. Further details on Mr Nagle's remuneration are included in the Directors' Remuneration Report in the 2025 Annual Report that the Company released on 10 March 2026. However, the vestings set out below will be included in the 2026 Directors' Remuneration Report in the 2026 Annual Report.
Details regarding the vested shares are contained are the table below.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Gary Nagle |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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a) |
Name |
Glencore plc |
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b) |
LEI |
2138002658CPO9NBH955 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Vesting of units now converted into ordinary shares of the Company: i) Share units awarded under the DBA have fully vested 3 years following grant date ii) Share units awarded under RSP have fully vested 3 years following grant date, following an assessment by the Remuneration Committee of the performance underpins. They remain subject to a holding period equal to the later of five years from the grant date or two years post-employment. ISIN: JE00B4T3BW64 |
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b) |
Nature of the transaction |
Vesting on 22 March 2026 into ordinary shares of awarded units following: i) Grant of share units under the DBA ii) Grant of share units under the RSP The grants were made on 23 March 2023. |
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c) |
Price(s) and volume(s) |
i) Shares vested under DBA |
Volume(s) i) 316,399
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ii) Shares vested under RSP |
Volume(s) ii) 608,622 |
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d) |
Aggregated information · Aggregated volume · Price |
Aggregate number of shares vested: (No price paid.)
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Volume(s) 925,021
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e) |
Date of the transaction |
23 March 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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For further information please contact:
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Investors |
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Martin Fewings |
t: +41 41 709 28 80 |
m: +41 79 737 56 42 |
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Media |
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Charles Watenphul |
t: +41 41 709 24 62 |
m: +41 79 904 33 20 |
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Company Secretarial |
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John Burton |
t: +41 41 709 26 19 |
m: +41 79 944 54 34 |
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www.glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.
With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
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Important Information
This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2025 Annual Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.
Other information
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.