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LONDON - WPP plc (LSE:WPP) announced Tuesday that two of its top executives received vested shares under the company’s performance share plans.
Chief Executive Officer Cindy Rose received 87,854 shares on December 1 following the vesting of a conditional share award under the 2022 Executive Performance Share Plan (EPSP). According to the company statement, 41,374 of these shares were automatically sold at £2.972 per share to cover statutory withholding liabilities.
Chief Financial Officer Joanne Wilson received 20,942 shares on Tuesday under the WPP Stock Plan 2018. Wilson sold 9,863 shares at £2.96965 per share to cover statutory withholding liabilities and costs associated with the vesting.
The transactions were disclosed in accordance with Article 19 of the Market Abuse Regulation, which requires public companies to report dealings by persons discharging managerial responsibilities.
WPP, a global creative transformation company headquartered in London, made the announcement through a regulatory news service filing. The information was based on a company press release statement.
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