Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Director/PDMR Shareholding

5th May 2010 15:25

RNS Number : 4004L
Whitbread PLC
05 May 2010
 



WHITBREAD PLC

SENIOR EXECUTIVE SHARE AWARDS

 

LONG TERM INCENTIVE PLAN

Under the terms of the Long Term Incentive Plan of Whitbread PLC, conditional awards at nil cost were made on 28 April 2010 to certain senior executives of the Company in respect of the 3-year performance period 1 March 2010 to 28 February 2013. The maximum number of Whitbread PLC 76 122/153p Ordinary Shares, which each executive could potentially receive in respect of this performance period is as follows:

 

Number of Shares

Simon Barratt 11,346

Patrick Dempsey 28,272

John Derkach 10,831

Christopher Rogers 39,334

Louise Smalley 8,736

 

The vesting of half of each of the awards is subject to performance criteria based on Whitbread's TSR performance relative to the other companies within a comparator group over the performance period and the vesting of the other half of each award is subject to performance criteria based on Whitbread's EPS growth over the performance period.

In accordance with the rules of the Plan, the awards were based on a share price of £14.148, being the average of the mid-market closing price of the Company's shares for the five dealing days preceding 1 March 2010.

 

WHITBREAD DIRECTORS' INCENTIVE SCHEME

Under the terms of the Whitbread Directors' Incentive Scheme, the following awards of shares were made today to senior executives of the Company in respect of the financial year of the Company ended 1 March 2010.

 

Number of Shares

Simon Barratt 17,775

Patrick Dempsey 26,210

John Derkach 16,968

Alan Parker 47,538

Christopher Rogers 29,579

Louise Smalley 13,686

 

Notes

* The number of shares have been calculated by dividing such part of the executive's bonus as the executive is entitled to receive in Ordinary Shares of 76 122/153p each in the capital of Whitbread PLC by the average of the middle -market closing price of the shares during the five dealing days preceding 1 March 2010 (£14,148)

* The awards made under the Directors' Incentive Scheme are not subject to any performance conditions. The awards will vest in full subject to the executive remaining an employee of Whitbread until the third anniversary of the award date under the rules of the scheme. The awards will also be released in full if the executive ceases to be employed by Whitbread by reason of redundancy, retirement, death, injury, ill health or disability or the transfer of business or company in which the executive is employed outside of the Whitbread Group. If the executive ceases to be in employment for any other reason, the proportion of the award which vests depends on the date of cessation of employment.

 

Daren Lowry

Head of Secretariat & Risk Management

Tel: 01582 889346

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSEALSSEALEEFF

Related Shares:

Whitbread
FTSE 100 Latest
Value8,275.66
Change0.00