31st Jul 2007 09:33
Pearson PLC31 July 2007 31 July 2007 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 2007. The earliest normal vesting date on which shares may be released is 30 July2010. Subject to meeting certain performance conditions in full, and theretention of shares that vest on 30 July 2010 for a further two years, themaximum number of shares that the following executive directors may receive is :Marjorie Scardino (420,000); David Bell (100,000); Rona Fairhead (125,000);Robin Freestone (125,000); and John Makinson (100,000). 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 2007 to 2010. Another third of the award will be based onPearson's return on invested capital in 2009. The final third of the award willbe based on Pearson's growth in earnings per share over the period 2006 to 2009.The conditions and vesting arrangements will be set out in more detail in thereport on directors' remuneration for 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pearson