⌘K
t
WPP plc announced the vesting of 2022 Executive Performance Share Plan (EPSP) awards for CEO Mark Read and CFO Andrew Scott on March 14, 2025, with performance conditions satisfied at 48.8%. Mark Read acquired 216,351 ordinary shares and sold 101,889 shares at £6.34 each to cover statutory withholding liabilities. Andrew Scott acquired 107,214 ordinary shares and sold 50,492 shares at £6.34 each for the same purpose on the same date.
| Date | 18 Mar 2025 |
| Time | 09:58:20 |
| Category | Director/PDMR dealings |
| ID | 1172B |
FOR IMMEDIATE RELEASE 18 March 2025
WPP plc ("WPP")
Vesting of executive share award
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 exercise of awards made under the terms of the 2022 Executive Performance Share Plan ("EPSP") award. The 2022 EPSP awards were made on 25 March 2022 and 24 November 2022 and vested on 14 March 2025 as a result of the performance conditions attaching to the 2022 EPSP awards having been 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 |
EPSP |
216,351 |
101,889 |
14 March 2025 |
|
Andrew Scott |
EPSP |
107,214 |
50,492 |
14 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 Performance Share Plan. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
||||
|
e) |
Date of the transaction |
14 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares made under the WPP 2022 Executive Performance Share Plan to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transactions |
14 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 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 2022 Executive Performance Share Plan. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
||||
|
e) |
Date of the transaction |
14 March 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
Transaction 2 |
||||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares made under the WPP 2022 Executive Performance Share Plan to cover statutory withholding liabilities. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||
|
e) |
Date of the transactions |
14 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: press@wpp.com
Investors: irteam@wpp.com
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.
END