Director/PDMR Shareholding
Keller Group plc announced on March 19, 2026, that its Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) received Long Term Incentive Plan (LTIP) awards on March 18, 2026, including 10,386 Deferred Bonus Awards and 126,047 Performance Share Awards. The Deferred Bonus Awards are subject to a two-year deferral period, while the Performance Share Awards, valued based on an average closing price of 2,103 pence, have performance conditions tied to cumulative EPS, relative TSR versus the FTSE 250, and operating profit margin over a three-year period ending December 31, 2028, with vesting expected in March 2029.
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Keller Group plc (the "Company") announces that on 18 March 2026 it was notified of the following transactions in the Company's Ordinary shares of 10
pence each (“Shares”) undertaken by Executive Directors and other Persons Discharging Managerial Responsibilities ("PDMRs"):
Long Term Incentive Plan (“LTIP”) grant
On 18 March 2026 the Company granted the following awards under the LTIP:
Deferred Bonus Awards totalling 10,386 Shares; and
Performance Share Awards totalling 126,047 Shares.
The grant to the Executive Directors and PDMRs listed in the tables below was approved by the Remuneration Committee under the terms of the LTIP.
LTIP Deferred Bonus Awards – in respect of the year ended 31 December 2025
Executive Directors are subject to a deferral of 25% of any annual bonus payment into Shares for a period of two years. Other PDMRs are subject to a deferral into Shares of any annual bonus payment in excess of 100% of salary, also for a period of two years. The Deferred Bonus Awards retain eligibility for dividend equivalents from the date of grant until the vesting date. Malus and clawback apply.
| Executive Director / PDMR | No. of Ordinary Shares awarded 1/3 | Total Deferred Bonus Awards outstanding 3 |
|---|---|---|
| David Burke | 5,236 | 26,240 |
| Deepak Raj | 965 | 8,587 |
| James Wroath | 2,950 | 2,950 |
| Peter Wyton | 1,235 | 4,784 |
| LTIP Performance Share Awards – for the period 2026/28 | ||
| Director / PDMR | No. of Ordinary Shares awarded 1/2/3 | Total Performance Share Awards outstanding 3 |
| David Burke | 35,228 | 207,422 |
| Deepak Raj | 14,988 | 60,058 |
| James Wroath | 58,142 | 58,142 |
| Peter Wyton | 17,689 | 138,118 |
1
The price used to calculate the maximum number of Ordinary Shares under the Deferred Share Awards and Performance Share Awards was 2,103p, being the average closing price on 13, 16 and 17 March 2026 of the Company's shares on the main market of the London Stock Exchange.
2
The amounts shown above represent the maximum possible number of Shares that may be granted to the above named participants under the 2026 Performance Share Awards.
3
The awards above exclude notional dividends.
The measures selected by the Remuneration Committee together with the associated targets are shown on the table below.
| Measures | Vesting schedule | ||
|---|---|---|---|
| % of award that will vest | |||
| 0% | 25% | 100% | |
| 33.33% weight Cumulative EPS over three years 1 | Below 660p | 660p | 775p |
| 33.33% weight Keller’s relative TSR performance vs FTSE 250 2 Index over three years | Below median | Median | Upper quartile |
| 33.33% weight Operating profit margin (“OPM”) in year three | Below 6.5% | 6.5% | 8.0% |
1
EPS is before non-underlying items on an IFRS 16 basis and excluding the impact of share buybacks.
2
Excluding investment trusts and financial services.
The Performance Share Awards performance conditions are measured over a three year period ending on 31 December 2028, except for the OPM which is measured in year three. The Performance Share Awards performance conditions are expected to vest in March 2029. Executive Directors are subject to a further two-year holding period and a post-employment shareholding requirement. Malus and clawback apply.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.