t
Pearson plc announced that four Persons Discharging Managerial Responsibilities (PDMRs) – Tom Ap Simon, Giovanni Giovannelli, Sally Johnson, and Arthur Valentine – had shares or ADRs released under the company's Management Incentive Plan (MIP) and subsequently sold a portion to cover tax liabilities. These transactions occurred on 31 March 2023. Tom Ap Simon sold 4,998 American Depositary Receipts (ADRs) at $10.3966 each on the NYSE, and Arthur Valentine sold 938 ADRs at $10.3966 each on the NYSE. Giovanni Giovannelli sold 8,340 ordinary shares at £8.32647 each on the LSE, and Sally Johnson sold 1,205 ordinary shares at £8.32647 each on the LSE.
| Date | 4 Apr 2023 |
| Time | 16:30:01 |
| Category | Director/PDMR dealings |
| ID | 3019V |
Pearson plc - (the "Company") Notification of PDMR Interests
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Tom Ap Simon |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
President - Higher Education and Virtual Learning |
|
|
b) |
Initial notification /Amendment |
Initial notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Pearson plc |
|
|
b) |
LEI |
2138004JBXWWJKIURC57 |
|
|
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 |
American Depositary Receipts (ADRs) in Pearson plc, each ADR represents one ordinary share of 25 pence in Pearson plc |
|
|
|
Identification code |
ISIN: US7050151056 |
|
|
b) |
Nature of the transaction |
Release of ADRs following release of share award under the Company's Management Incentive Plan (MIP) and sale of shares to cover tax liabilities arising from vesting share awards |
|
|
c) |
Price(s) and volume(s) |
Release of ADRs following release of MIP award |
Sale of ADRs to cover tax liability |
|
Volume: 10,818 Price: n/a |
Volume: 4,998 Price: $10.3966 per share Aggregated price: $51,962.21 |
||
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: see 4 (c) above Aggregated price: see 4 (c) above |
|
|
e) |
Date of the transaction |
31 March 2023 |
|
|
f) |
Place of the transaction |
New York Stock Exchange (XNYS) |
|
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Giovanni Giovannelli |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
President - English Language Learning |
|
|
b) |
Initial notification /Amendment |
Initial notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Pearson plc |
|
|
b) |
LEI |
2138004JBXWWJKIURC57 |
|
|
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 shares of 25 pence each in Pearson plc |
|
|
|
Identification code |
ISIN: GB0006776081 |
|
|
b) |
Nature of the transaction |
Release of ordinary shares following release of share award under the Company's Management Incentive Plan (MIP) and sale of shares to cover tax liabilities arising from vesting share awards |
|
|
c) |
Price(s) and volume(s) |
Release of ordinary shares following release of MIP award |
Sale of ordinary shares to cover tax liability |
|
Volume: 44,376 Price: n/a |
Volume: 8,340 Price: £8.32647 per share Aggregated price: £69,442.76 |
||
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: see 4 (c) above Aggregated price: see 4 (c) above |
|
|
e) |
Date of the transaction |
31 March 2023 |
|
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Sally Johnson |
|
|
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 |
Pearson plc |
|
|
b) |
LEI |
2138004JBXWWJKIURC57 |
|
|
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 shares of 25 pence each in Pearson plc |
|
|
|
Identification code |
ISIN: GB0006776081 |
|
|
b) |
Nature of the transaction |
Release of ordinary shares following release of share award under the Company's Management Incentive Plan (MIP) and sale of shares to cover tax liabilities arising from vesting share awards |
|
|
c) |
Price(s) and volume(s) |
Release of ordinary shares following release of MIP award |
Sale of ordinary shares to cover tax liability |
|
Volume: 2,555 Price: n/a |
Volume: 1,205 Price: £8.32647 per share Aggregated price: £10,033.40 |
||
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: see 4 (c) above Aggregated price: see 4 (c) above |
|
|
e) |
Date of the transaction |
31 March 2023 |
|
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
|
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
|
a) |
Name |
Arthur Valentine |
|
|
2 |
Reason for the notification |
||
|
a) |
Position/status |
President - Assessment & Qualifications |
|
|
b) |
Initial notification /Amendment |
Initial notification |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name |
Pearson plc |
|
|
b) |
LEI |
2138004JBXWWJKIURC57 |
|
|
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
|
American Depositary Receipts (ADRs) in Pearson plc, each ADR represents one ordinary share of 25 pence in Pearson plc |
|
|
|
Identification code |
ISIN: US7050151056 |
|
|
b) |
Nature of the transaction |
Release of ADRs following release of share award under the Company's Management Incentive Plan (MIP) and sale of shares to cover tax liabilities arising from vesting share awards |
|
|
c) |
Price(s) and volume(s) |
Release of ADRs following release of MIP award |
Sale of ADRs to cover tax liability |
|
Volume: 3,408 Price: n/a |
Volume: 938 Price: $10.3966 per share Aggregated price: $9,752.01 |
||
|
d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: see 4 (c) above Aggregated price: see 4 (c) above |
|
|
e) |
Date of the transaction |
31 March 2023 |
|
|
f) |
Place of the transaction |
New York Stock Exchange (XNYS) |
|