Director/PDMR Shareholding
In brief · summary, not quotable
Morgan Sindall Group plc announced that Chief Executive John Morgan and Chief Financial Officer Kelly Gangotra received conditional awards of ordinary shares on March 9, 2026, under the Company's 2023 Long Term Incentive Plan. John Morgan was granted 34,356 shares, and Kelly Gangotra received 22,815 shares. These awards are subject to performance criteria and will vest on March 9, 2029, with a two-year holding period after vesting. Dividend equivalents are linked to the awards and can be settled in cash or shares.
Full announcement
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| 1. | Details of Restricted Person/person closely associated with them ("PCA") | |
| a) | Name | John Morgan (Chief Executive) Kelly Gangotra (Chief Financial Officer) |
| 2. | Reason for the notification | |
| a) | Position/status | Members of the Board of directors |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Morgan Sindall Group plc |
| b) | LEI | 2138008339ULDGZRB345 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5 pence each ISIN: GB0008085614 |
| b) | Nature of the transaction | Grant of conditional awards over Ordinary Shares on 9 March 2026, under the Company's 2023 Long Term Incentive Plan, adopted by the Company on 1 August 2023 ("2023 LTIP"). Each conditional award will vest on 9 March 2029 subject to the satisfaction of performance criteria. Each conditional award carries a right to receive, on vesting, an amount linked to dividends paid on the Ordinary Shares subject to the conditional award. The dividend equivalent can be settled in cash or Ordinary shares of the Company. The vesting of the award will also be subject to a two-year holding period whereby any vested shares (net of any tax liability) will be retained in the Company's appointed nominee in accordance with the Company's directors' remuneration policy. |
| c) | Price(s) and volume(s) | Name Price(s) Volume(s) John Morgan N/A 34,356 Kelly Gangotra N/A 22,815 |
| d) | Aggregated information - Aggregated volume - Price | As above |
| e) | Date of the transaction | 9 March 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.