Grant of Options
Filtronic plc announced on October 13, 2026, that its Board granted new share options to directors and persons discharging managerial responsibility under the existing Employee Share Option Plan 2020. The Chief Executive Officer, Nat Edington, received 160,000 options, increasing his holding to 4,493,333 shares. The Chief Financial Officer, Michael Tyerman, was granted 100,000 options, bringing his total to 1,470,012 shares. Sarah Shaw, General Counsel and Company Secretary, received 70,000 options, resulting in a holding of 270,000 shares. These options have an exercise price of 83.46 pence per share and will vest based on achieving certain share price growth performance criteria on the third anniversary of the grant, with a ten-year lapse period.
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Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace, defence and telecoms infrastructure markets, announces that on 12 October 2026, the Board, following recommendation from the Remuneration Committee, granted new share options (“the Options”) to the following directors and persons discharging managerial responsibility under the existing Filtronic plc Employee Share Option Plan 2020 (“the ESOP”).
The vesting of these Options is based on achieving certain performance criteria based on share price growth on the third anniversary of the grant (the “Vesting Date”) taking the thirty-day average from the date immediately prior to the grant and the thirty-day average from the date immediately prior to the Vesting Date. The Options will fully vest if the thirty-day average share price from the date immediately prior to the grant, exceeds total shareholder return targets. The exercise price for the Options is 83.46 pence per share.
The Options lapse on the tenth anniversary of the date of grant and no option can be exercised before the third anniversary of the date of the grant.
| Director/PDMR | Position | Options prior to Grant | Number of Share Options | Resultant ESOP holdings |
| Nat Edington | Chief Executive Officer | 4,333,333 | 160,000 | 4,493,333 |
| Michael Tyerman | Chief Financial Officer | 1,370,012 | 100,000 | 1,470,012 |
| Sarah Shaw | General Counsel and Company Secretary | 200,000 | 70,000 | 270,000 |
| a) | Name | Nathaniel Edington | ||
| 2. | Reason for the Notification | |||
| a) | Position/status | Chief Executive Officer | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Filtronic plc | ||
| b) | LEI | 213800PDQ9V2ZNCDO264 | ||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.1p each | ||
| Identification code | GB0003362992 | |||
| b) | Nature of the transaction | Grant of Share Options under the Employee Share Option Plan | ||
| c) | Price(s) and volume(s) | 160,000 Ordinary Shares at an exercise price of 83.46 pence each | ||
| d) | Aggregated information: · Aggregated volume · Price | n/a – single transaction | ||
| e) | Date of the transaction | 12 October 2026 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Michael Tyerman | ||
| 2. | Reason for the Notification | |||
| a) | Position/status | Chief Financial Officer | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Filtronic plc | ||
| b) | LEI | 213800PDQ9V2ZNCDO264 | ||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.1p each | ||
| Identification code | GB0003362992 | |||
| b) | Nature of the transaction | Grant of Share Options under the Employee Share Option Plan | ||
| c) | Price(s) and volume(s) | 100,000 Ordinary Shares at an exercise price of 83.46 pence each | ||
| d) | Aggregated information: · Aggregated volume · Price | n/a | ||
| e) | Date of the transaction | 12 October 2026 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Sarah Shaw | ||
| 2. | Reason for the Notification | |||
| a) | Position/status | PDMR | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Filtronic plc | ||
| b) | LEI | 213800PDQ9V2ZNCDO264 | ||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.1p each | ||
| Identification code | GB0003362992 | |||
| b) | Nature of the transaction | Grant of Share Options under the Employee Share Option Plan | ||
| c) | Price(s) and volume(s) | 70,000 Ordinary Shares at an exercise price of 83.46 pence each | ||
| d) | Aggregated information: · Aggregated volume · Price | n/a | ||
| e) | Date of the transaction | 12 October 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.