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WPP plc announced that on 10 March 2025, CEO Mark Read acquired 117,405 ordinary shares, COO Andrew Scott acquired 50,609 shares, and CFO Joanne Wilson acquired 49,625 shares, due to the vesting of executive share awards. Concurrently, Mark Read sold 55,291 shares, Andrew Scott sold 23,834 shares, and Joanne Wilson sold 23,371 shares at £6.40 per share to cover statutory withholding liabilities. Awards subject to the 2022 Executive Performance Share Plan performance conditions were satisfied as to 48.8%.
| Date | 12 Mar 2025 |
| Time | 18:18:48 |
| Category | Director/PDMR dealings |
| ID | 4523A |
FOR IMMEDIATE RELEASE 12 March 2025
WPP plc ("WPP")
Vesting of executive share awards
Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities or their Connected Persons
The Company announces that the following person discharging managerial responsibilities transacted in ordinary shares of 10 pence each in the Company due to the vesting of awards under the terms of the 2022 Executive Share Award ("ESA") made on 4 May 2023 and awards made under the WPP Stock Plan 2018 on 4 May 2023 which were subject to the performance conditions attached to the 2022 Executive Performance Share Plan ("EPSP") award. Awards subject to the 2022 EPSP performance conditions were satisfied as to 48.8%.
|
Name of Executive Director |
Plan |
Total number of shares vested |
Total number of shares sold to cover statutory withholding liabilities |
Date of sale |
|
Mark Read |
ESA |
117,405 |
55,291 |
10 March 2025 |
|
Andrew Scott |
ESA |
50,609 |
23,834 |
10 March 2025 |
|
Joanne Wilson |
WPP Stock Plan 2018 |
49,625 |
23,371 |
10 March 2025 |
|
1. |
Details of PDMR/person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Mark Read |
||||
|
b) |
Position/status |
Chief Executive Officer |
||||
|
c) |
Initial notification/ |
Initial notification |
||||
|
2. |
Details of the issuer |
|||||
|
a) |
Full name of the entity |
WPP plc |
||||
|
b) |
Legal Entity Identifier code |
549300LSGBXPYHXGDT93 |
||||
|
3. |
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 |
Ordinary shares of 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 |
||||
|
b) |
Nature of the transaction |
Acquisition of Ordinary Shares made under the WPP 2022 Executive Share Award. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
||||
|
e) |
Date of the transaction |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transactions |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
1. |
Details of PDMR/person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Andrew Scott |
||||
|
b) |
Position/status |
Chief Operating Officer |
||||
|
c) |
Initial notification/ |
Initial notification |
||||
|
2. |
Details of the issuer |
|||||
|
a) |
Full name of the entity |
WPP plc |
||||
|
b) |
Legal Entity Identifier code |
549300LSGBXPYHXGDT93 |
||||
|
3. |
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 |
Ordinary shares of 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 |
||||
|
b) |
Nature of the transaction |
Acquisition of Ordinary Shares made under the WPP 2022 Executive Share Award. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
||||
|
e) |
Date of the transaction |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transactions |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
1. |
Details of PDMR/person closely associated with them ('PCA') |
|||||
|
a) |
Name |
Joanne Wilson |
||||
|
b) |
Position/status |
Chief Financial Officer |
||||
|
c) |
Initial notification/ |
Initial notification |
||||
|
2. |
Details of the issuer |
|||||
|
a) |
Full name of the entity |
WPP plc |
||||
|
b) |
Legal Entity Identifier code |
549300LSGBXPYHXGDT93 |
||||
|
3. |
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 |
Ordinary shares of 10 pence each ('Ordinary Shares') ISIN: JE00B8KF9B49 |
||||
|
b) |
Nature of the transaction |
Acquisition of Ordinary Shares made under the WPP Stock Plan 2018. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transaction |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transactions |
10 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
Balbir Kelly-Bisla
Group Company Secretary
Further information
Media: [email protected]
Investors: [email protected]
About WPP
WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.
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