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WPP plc granted conditional Executive Share Awards to Executive Directors Mark Read, Joanne Wilson, and Andrew Scott on 7 May 2025. Mark Read received 78,664 shares, Joanne Wilson received 46,667 shares, and Andrew Scott received 38,015 shares. These awards represent 40% of their 2024 annual bonus, were made under the 2023 Directors' Compensation Policy, and will vest after two years subject to continued employment.
| Date | 12 May 2025 |
| Time | 10:23:17 |
| Category | Director/PDMR dealings |
| ID | 2690I |
FOR IMMEDIATE RELEASE 12 MAY 2025
WPP plc ("WPP")
Executive Share Awards
WPP's Executive Director's annual bonus for 2024 was delivered in the form of a cash award and a deferred share award comprising 40% of the total bonus achieved. The Executive Share Award (ESA) will vest after two years, subject to continued employment.
The 2024 ESA award was granted on 7 May 2025 as follows:
|
Executive Director |
Number of shares awarded |
|
Mark Read |
78,664 |
|
Joanne Wilson |
46,667 |
|
Andrew Scott |
38,015 |
Notes
1) These awards were made in accordance with the terms of the 2023 Directors' Compensation Policy as approved by shareholders on 17 May 2023
2) Additional shares will be awarded at vesting in lieu of dividends on the shares that vest
3) Awards to Executive Directors are subject to an additional two-year post-vesting holding period
|
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 |
Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018 |
||||
|
c) |
Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
|
||||
|
d) |
Aggregated information - Aggregated number - Aggregated Price - Total |
N/A (single transaction)
|
||||
|
e) |
Date of the transaction |
7 May 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
|
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 |
Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018 |
||||
|
c) |
Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
|
||||
|
d) |
Aggregated information - Aggregated number - Aggregated Price - Total |
N/A |
||||
|
e) |
Date of the transaction |
7 May 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
|
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 |
Grant of conditional awards over WPP plc ordinary shares under the WPP plc Stock Plan 2018 |
||||
|
c) |
Price(s) and volume(s) (Number of WPP ordinary shares or WPP ADRs sold or purchased and price per share/ADR) |
|
||||
|
d) |
Aggregated information - Aggregated number - Aggregated Price - Total |
N/A |
||||
|
e) |
Date of the transaction |
7 May 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
Balbir Kelly-Bisla
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