17th Feb 2016 18:15
Directors'/PDMRs' shareholdings
ARM Holdings plc (the "Company") announces that, shares representing 50% of annual bonus earned in respect of the financial year ended 31 December 2012 and awarded in February 2013 have been released under the former Deferred Annual Bonus Plan ("DAB"). Under this plan, 50% of bonus earned was paid in cash and 50% was compulsorily deferred into shares which vest 3 years after the award date. The relevant performance conditions were fully satisfied and matching shares have been triggered in the ratio of 2:1 in respect of these shares. The former DAB operated for the last time in respect of the financial year ended 31 December 2013 and the outstanding awards will vest in 2017.
The DAB release took effect on 11 February 2016
The Long-Term Incentive plan 2013 did not vest for the three year performance period ended 31 December 2015.
Name | Total number of shares vested under the 2012 DAB | Number of shares sold* to satisfy tax liabilities under the DAB | Total net shares received | Total resultant share- holding |
Simon Segars | 60,514
| 22,742
| 37,772 | 668,432 |
Mike Muller | 57,057
| 26,817
| 30,240 | 1,336,000 |
Graham Budd | 49,773
| 23,394
| 26,379 | 276,902 |
Ian Drew | 40,770
| 19,162
| 21,608 | 153,385 |
Pete Hutton | 30,497
| 14,334
| 16,163 | 46,163 |
Tom Lantzsch | 40,846
| 15,350
| 25,496 | 76,100 |
Dipesh Patel | 31,511
| 11,842
| 19,669 | 74,564 |
Allen Wu | 34,720
| 15,625
| 19,095 | 71,916 |
Rene Haas**
| 5,580 | 2,343 | 3,237 | 6,751 |
\* The price at which the tax shares were sold was 853.23 pence per share
** Rene Haas' share relate to vesting under the Employee Equity Plan ('EEP') and not the DAB.
2016 LTIP Awards
Also with effect from 11 February 2016 annual conditional awards were made under the 2013 LTIP to directors and PDMRs as follows:
Name | Number of shares conditionally awarded under the LTIP | Total number of conditional awards now held under the LTIP |
Simon Segars | 127,224 | 334,177 |
Chris Kennedy | 104,021 | 131,932 |
Mike Muller | 66,219 | 179,803 |
Graham Budd | 42,594 | 142,229 |
Philip Davis | 40,148 | 81,011 |
Ian Drew | 40,148 | 120,566 |
Jennifer Duvalier | 40,890 | 136,539 |
Pete Hutton | 42,947 | 130,903 |
Andrew Smith | 40,148 | 114,735 |
Allen Wu | 37,827 | 100,052 |
Dipesh Patel*** | 14,232 (ADRs) | 45,786 Ordinary Shares 28,070 ADRs |
Rene Haas*** | 14,635 (ADRs) | 20,524 Ordinary shares 23,016 ADRs |
Tom Lantzsch*** | 13,353 (ADRs) | 43,794 Ordinary shares 26,335 ADRs |
***US employees received ADRs instead of ordinary shares. Each ADR represents 3 ordinary shares.
The mid-market closing price on 11 February 2015, being the business day prior to the date of these awards, was 899.00 pence per share.
Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of TSR and EPS performance measures and they will normally vest 3 years from the date of award.
2016 RSU
The Company also announces that under the EEP, the following awards for Restricted Stock Units were made on 11 February 2016. These awards will vest 25% annually over a four year period from the first anniversary of the date of grant.
Name | Number of RSUs received | Total number of RSUs held under the EEP |
Graham Budd | 15,488 | 15,488 |
Philip Davis | 14,599 | 54,050 |
Ian Drew | 14,599 | 14,599 |
Jennifer Duvalier | 14,869 | 52,784 |
Pete Hutton | 15,617 | 15,617 |
Andrew Smith | 14,599 | 23,205 |
Allen Wu | 13,755 | 13,755 |
Dipesh Patel**** | 5,175 (ADRs) | 5,175 (ADRs) |
Rene Haas**** | 5,321(ADRs) | 11,161 Ordinary shares 5321 (ADRs) |
Tom Lantzsch**** | 4,855 (ADRs) | 4,855 (ADRs) |
****US employees received ADRs instead of ordinary shares. Each ADR represents 3 ordinary shares.
The mid-market closing price on 11 February 2015, being the business day prior to the date of these awards, was 899.00 pence per share.
ENDS
Related Shares:
ARM.L