Director/PDMR Shareholding
Costain Group PLC has announced the grant of Long Term Incentive Plan awards to its Executive Directors, Alex Vaughan and Helen Willis, on May 22, 2026. Alex Vaughan received an award of 359,643 nil-cost options, and Helen Willis received 301,565 nil-cost options, with both awards representing 125% of their respective salaries. These awards are subject to performance conditions that will be assessed over the three financial years ending December 31, 2028, and will normally vest on April 10, 2029, followed by a two-year holding period.
Select text to share a quote on X · sign in to keep highlights & notes in your COST notes
Costain announces the following grants of share awards to its Executive Directors, Alex Vaughan, Chief Executive Officer, and Helen Willis, Chief Financial Officer.
LONG TERM INCENTIVE AWARDS
On 22 May 2026, awards have been granted under the Costain 2023 Long Term Incentive Plan (the 'LTIP') over ordinary shares in the Company in the form of nil-cost options (the 'LTIP Awards'). An LTIP Award was granted to Alex Vaughan over 359,643 shares and to Helen Willis over 301,565 shares, each representing 125% of salary. No consideration was paid for the grant of the LTIP Awards.
The LTIP Awards will normally vest on 10 April 2029, subject to the satisfaction of performance conditions as detailed in the Directors' Remuneration Report, within the Company's Annual Report for the year ended 31 December 2025. The LTIP Awards for the Executive Directors will be subject to a further two-year holding period, after which the LTIP Awards will become exercisable and will remain exercisable until the tenth anniversary of the grant date (with no further performance conditions required after vesting).
The Company's Remuneration Committee will determine the extent to which the performance conditions have been satisfied over the three financial years ending 31 December 2028.
The Notification of Dealing Forms for the LTIP Awards, set out further below, are provided in accordance with the requirements of the UK Market Abuse Regulation.
| a) | Name | ALEXANDER JOHN VAUGHAN |
| 2. | Reason for the notification | |
| a) | Position /status | CHIEF EXECUTIVE OFFICER/PDMR |
| b) | Initial notification / amendment | INITIAL NOTIFICATION |
| 3. | Details of the Issuer | |
| a) | Name | COSTAIN GROUP PLC |
| b) | LEI code | 213800PKIJBZ2EDTKC88 |
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF 1 PENCE EACH ISIN: GB00B64NSP76 |
| b) | Nature of the transaction | GRANT OF AN OPTION UNDER THE CO STAIN 2023 L ONG TERM INCENTIVE PLAN (2 026 LTIP Grant) |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 359,643 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 22 MAY 2026 |
| f) | Place of the transaction | OUTSIDE A TRADING VENUE |
| a) | Name | HELEN MARGARET WILLIS |
| 2. | Reason for the notification | |
| a) | Position /status | CHIEF FINANCIAL OFFICER/PDMR |
| b) | Initial notification / amendment | INITIAL NOTIFICATION |
| 3. | Details of the Issuer | |
| a) | Name | COSTAIN GROUP PLC |
| b) | LEI code | 213800PKIJBZ2EDTKC88 |
| a) | Description of the financial instrument, type of instrument Identification code | ORDINARY SHARES OF 1 PENCE EACH ISIN: GB00B64NSP76 |
| b) | Nature of the transaction | GRANT OF AN OPTION UNDER THE COSTAIN 2023 LONG TERM INCENTIVE PLAN (2026 LTIP Grant) |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 301,565 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 22 MAY 2026 |
| f) | Place of the transaction | OUTSIDE A TRADING VENUE |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.