Howden Joinery awards free shares to executives under SIP

Published 02/09/2025, 13:02
Howden Joinery awards free shares to executives under SIP

LONDON - Howden Joinery Group Plc (LSE:HWDN) granted 29 free shares each to its executive directors and persons discharging managerial responsibilities (PDMRs) under the company’s Share Incentive Plan (SIP), according to a regulatory filing on Tuesday.

The awards, issued on September 1, were allocated to seven company officials including Chief Executive Officer Andrew Livingston and Chief Financial Officer Jackie Callaway. Five additional PDMRs also received identical allocations: Austin Cooke, Guy Eccles, Julian Lee, James Mackenzie, and Richard Sutcliffe.

The free shares awarded under the SIP are not subject to performance conditions. The company stated that under normal circumstances, the awards will vest in full provided the recipient remains a "Qualifying Employee" until the third anniversary of the grant date, as defined in the plan rules.

No consideration was paid for the acquisition of the awards, which were made outside a trading venue.

The notification was made in accordance with the requirements of the UK Market Abuse Regulation, as stated in the company’s press release.

Howden Joinery Group, which specializes in kitchen and joinery products, trades on the London Stock Exchange under the ticker HWDN.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.