⌘K
t
Legal & General Group Plc PDMR Eric Adler had 1,334,928 ordinary shares vest under the Share Bonus Plan on 7 April 2026. From this vesting, Mr. Adler sold 629,115 shares at £2.547 per share to cover tax and social security liabilities, retaining 705,813 shares.
| Date | 8 Apr 2026 |
| Time | 18:15:00 |
| Category | Director/PDMR dealings |
| ID | 7084Z |
Legal & General Group Plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
In line with the announcement made on 6 December 2024, as part of the remuneration terms relating to the appointment of Eric Adler as CEO, Asset Management, Legal & General Group plc ("the Company"), the Company agreed to compensate him for incentive awards forfeited by him on leaving his former employer.
In accordance with such remuneration terms, on 5 December 2024, the Company granted Eric Adler certain conditional awards of a total of 3,568,462 ordinary shares of 2.5p each in the Company under the Share Bonus Plan (the 'Plan'). Further to the announcement made on 6 December 2024, and following the Plan, the second tranche of Eric's conditional awards of 1,227,772 shares vested on 6 April 2026. In line with best practice, the terms of the award entitle Eric to dividend equivalent payments to the extent that the award vests, which will be delivered in the form of additional shares and are included within the number of shares below.
The awards were granted on the basis of an average closing share price on the London Stock Exchange between 5 and 9 September 2024 of £2.259. No consideration was paid for the grant of the awards. No price is payable on the vesting of the awards.
This announcement, including the notifications below, is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Eric Adler |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
CEO, Asset Management/PDMR |
|
|
b) |
Initial notification/Amendment |
Initial Notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Legal & General Group Plc |
|
|
b) |
LEI |
213800JH9QQWHLO99821 |
|
|
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 Identification code |
Ordinary shares of £0.025 each, with voting rights attached GB0005603997 |
|
|
b) |
Nature of transaction |
1. Vesting of SBP Award over 1,334,928 shares. 2. Sale of 629,115 shares to cover tax and social security. The balance of 705,813 shares retained. |
|
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
1. £0.00 2. £2.547 |
1. 1,334,928 2. 629,115 |
|
d) |
Aggregated information - Aggregated volume - Price |
Price Volume Total
1. £0.00 1. 1,334,928 1. £0.00
2. £2.547 2. 629,115 2. £1,602,369.12
|
|
|
e) |
Date of the transaction |
7 April 2026 |
|
|
f) |
Place of the transaction |
London Stock Exchange, XLON |
|
8 April 2026
Leanne Cornish
Deputy Group Company Secretary
Legal & General Group Plc
Tel: 020 3124 4111