6th Aug 2010 13:39
6 August 2010
Taylor Wimpey PLC (the "Company")
Director and PDMR Shareholdings - 2010 Long Term Incentive Plan Awards
Further to its announcement on 22 March 2010 the Company now announces the second instalment of conditional awards made under the Taylor Wimpey Performance Share Plan ("TWPSP") granted today to three Executive Directors and one Person Discharging Managerial Responsibility ("PDMR") as set out in the table below:
|
Name |
Director/PDMR |
Number of TWPSP Shares Awarded |
Resulting number of TWPSP Shares Held |
|
Pete Redfern |
Director |
2,012,779 |
5,826,710 |
|
Chris Rickard |
Director |
1,092,651 |
6,261,995 |
|
Sheryl Palmer |
Director |
580,974 |
1,592,261 |
|
James Jordan |
PDMR |
700,878 |
2,028,942 |
The price used to calculate the above awards was 31.3 pence being the average mid-market close price for Taylor Wimpey plc 1p Ordinary Shares for the three business days prior to the date of these awards on 6 August 2010.
The vesting of awards under the TWPSP will be subject to the achievement of performance criteria based on Total Shareholder Return and Return on Capital Employed which will be measured at the end of the applicable three year performance period in respect of each award made.
James Jordan
Group Company Secretary & General Counsel
Related Shares:
Taylor Wimpey