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LONDON - Three senior executives at Howden Joinery Group PLC (LSE:HWDN) purchased shares through the company’s Share Incentive Plan (SIP) on Thursday, according to a regulatory filing.
Chief Executive Officer Andrew Livingston acquired 18 partnership shares at 854 pence per share, for a total value of £153.72. He also received 6 matching shares at no cost.
Two other persons discharging managerial responsibilities (PDMRs) participated in similar transactions. Austin Cooke purchased 12 partnership shares worth £102.48 and received 4 matching shares, while Julian Lee acquired 18 partnership shares valued at £153.72 and was awarded 6 matching shares.
Under the terms of the SIP, eligible employees can purchase partnership shares from their gross pay either as a lump sum or through monthly contributions. The company awards matching shares in a ratio of one matching share for every three partnership shares purchased, applicable only to the first £600 worth of partnership shares purchased per tax year.
The partnership shares were acquired on the London Stock Exchange (LON:LSEG), while the matching shares were awarded outside a trading venue, according to the notification of dealing forms included in the company’s press release statement.
The transactions were reported in accordance with UK Market Abuse Regulation requirements.
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