5th Mar 2008 15:59
Pearson PLC05 March 2008 5 March 2008 Pearson plc - Notification of Directors' Interests Pearson today announces the following changes in directors' interests in Pearsonordinary shares of 25p each ("shares"). The company yesterday made a grant of restricted shares to executive directorsunder its existing Long-Term Incentive Plan. This represents the company'sannual grant of long-term incentives to executive directors for 2008. The earliest normal vesting date on which shares may be released is 4 March2011. Subject to meeting certain performance conditions in full, and theretention of shares that vest on 4 March 2011 for a further two years, themaximum number of shares that the following executive directors may receive is:Marjorie Scardino (400,000); David Bell (100,000); Rona Fairhead (125,000);Robin Freestone (125,000); and John Makinson (125,000). One third of the award will be based on Pearson's total shareholder returnperformance relative to the constituents of the FTSE World Media Index over thethree-year period 2008 to 2011. Another third of the award will be based onPearson's return on invested capital in 2010. The final third of the award willbe based on Pearson's growth in earnings per share over the period 2007 to 2010.The conditions and vesting arrangements will be set out in more detail in thereport on directors' remuneration for 2008. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pearson