8th Apr 2015 10:54
RSA Insurance Group plc
(“the Company”)
Transactions in shares by Persons Discharging Managerial Responsibility (“PDMRs”)
Ordinary Shares of £1.00 each
8 April 2015
The Company announces the following changes to the interests of PDMRs in the Company’s Ordinary Shares of £1.00 each (“Ordinary Shares”).
On 7th April 2015 the Company granted the following Conditional Awards over Ordinary Shares under the terms of the RSA Performance Share Plan 2014 (PSP) to PDMRs at nil cost:
| Name | No. ofBonus Deferral Shares Awarded | Maximum No. of Performance Shares Receivable | |||||||||||||
| David Coughlan | 29,803 | 116,089 | |||||||||||||
| Vanessa Evans | 30,069 | 105,716 | |||||||||||||
| Stephen Hester | 110,247 | 669,202 | |||||||||||||
| Richard Houghton | 11,740 | - | |||||||||||||
| Steve Lewis | - | 234,807 | |||||||||||||
| William McDonnell | 12,934 | 95,097 | |||||||||||||
| Darren Price | 25,833 | 105,663 | |||||||||||||
| Rowan Saunders | 42,871 | 162,668 | |||||||||||||
| Derek Walsh | 30,987 | 108,944 | |||||||||||||
| Paul Whittaker | 48,355 | 169,984 |
Under normal circumstances, Awards of Bonus Deferral Shares and Performance Shares will vest on 7th April 2018, subject to the rules of the PSP and the provisions of the Company’s approved Remuneration Policy. Performance Shares are also subject to the testing of performance conditions, details of which are disclosed within the 2014 Directors’ Remuneration Report. A two-year retention period is applicable to Executive Directors’ vested Performance Shares, as detailed in the Remuneration Policy.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.
Enquiries to:
Elinor Bell, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Copyright Business Wire 2015
Related Shares:
RSA.L