Director/PDMR Shareholding
Glenveagh Properties plc announced on March 18, 2026, that on March 13, 2026, awards were granted under its Long Term Incentive Plan to key personnel, including CEO Stephen Garvey (634,984 share options), CFO Conor Murtagh (370,407 share options), and Group Company Secretary Chloe McCarthy (143,399 share options), all at a nominal price of €0.001. These awards are subject to performance conditions for FY2028, with 50% weighting on EPS targets ranging from 19.5c to 26.0c and 50% weighting on ROE targets from 11% to 15%. The options are exercisable between March 12, 2029, and March 13, 2033.
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On 13 March 2026, the following awards were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP"):
| Name of Director/PDMR | Role | No. of Share Options under Award |
|---|---|---|
| Stephen Garvey | Chief Executive Officer | 634,984 |
| Conor Murtagh | Chief Financial Officer | 370,407 |
| Chloe McCarthy | Group Company Secretary | 143,399 |
The number of shares awarded under the LTIP is based on the closing price on Euronext Dublin on 13 March 2026, the date of grant.
The following metrics and targets will apply to the 2026 LTIP awards, to be achieved in FY2028:
| Metric | Weighting | Threshold Target (25%) | Maximum Target (100%) |
|---|---|---|---|
| EPS | 50% | 19.5c | 26.0c |
| ROE | 50% | 11% | 15% |
Vesting between threshold and maximum targets will be calculated on a straight-line basis.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Stephen Garvey | ||||
| Reason for the notification | ||||||
| a) | Position/status | Chief Executive Officer/PDMR | ||||
| b) | Initial Notification Amendment | Initial notification | ||||
| a) | Name | Glenveagh Properties plc | ||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574 | ||||
| b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 13 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| g) | Additional Information | Period during which options can be exercised: 12 March 2029 to 13 March 2033 | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Conor Murtagh | ||||
| Reason for the notification | ||||||
| a) | Position/status | Chief Financial Officer/PDMR | ||||
| b) | Initial Notification Amendment | Initial notification | ||||
| a) | Name | Glenveagh Properties plc | ||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574 | ||||
| b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 13 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| g) | Additional Information | Period during which options can be exercised: 12 March 2029 to 13 March 2033 | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Chloe McCarthy | ||||
| Reason for the notification | ||||||
| a) | Position/status | Group Company Secretary/PDMR | ||||
| b) | Initial Notification Amendment | Initial notification | ||||
| a) | Name | Glenveagh Properties plc | ||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574 | ||||
| b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 13 March 2026 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| g) | Additional Information | Period during which options can be exercised: 12 March 2029 to 13 March 2033 | ||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.