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LONDON - Howden Joinery Group Plc (LSE:HWDN) granted 29 free shares each to six executives under its Share Incentive Plan (SIP) on September 1, according to a corrected regulatory filing issued Wednesday.
The recipients include Chief Executive Officer Andrew Livingston, Chief Financial Officer Jacqueline Callaway, and four other persons discharging managerial responsibilities (PDMRs): Austin Cooke, Guy Eccles, Julian Lee, and Richard Sutcliffe.
The company amended its previous announcement from Tuesday to clarify that PDMR James MacKenzie did not receive an award of free shares, contrary to what was initially reported.
The SIP awards are not subject to performance conditions and will vest in full after three years, provided the executives remain qualifying employees as defined in the plan rules. No payment was required from recipients for the shares.
The transactions were conducted outside a trading venue and reported in accordance with UK Market Abuse Regulation requirements. Each executive received the same allocation of 29 shares at no cost.
Howden Joinery, a kitchen and joinery products supplier, made the disclosure through a regulatory news service filing that included detailed notification forms for each transaction.
The information in this article is based on a press release statement from the company.
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