LTIP Award, Director/PDMR Dealing, Authority Amend
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Public Policy Holding Company, Inc., the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, announces that it has granted the following to a broad range of its current employee base, including certain Directors and senior employees ("PDMRs") of the Company, under PPHC's 2021 Omnibus Incentive Plan ("Omnibus Plan") that was adopted in connection with the Group's admission to AIM in December 2021:
- Options over shares of Common Stock, par value $0.001 per share (the "Ordinary Shares") in the Company (the "Options"); and
- Restricted stock units in respect of the Ordinary Shares in the Company ("RSUs")
Options
In total 345,000 Options have been granted on 26 June 2024 under the Omnibus Plan. Of this tranche, no Options have been granted to PDMRs. The Options will vest in full in three years from the grant date and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements. The Options will have an exercise price of 163.2 pence per Ordinary Share, being 120% of the closing price on the grant date, 26 June 2024.
RSUs
In total 2,930,000 RSUs have been granted on 26 June 2024 under the Omnibus Plan. Of this tranche, 1,074,000 RSUs have been granted to PDMRs (including Executive Directors and other senior management). The RSUs will vest across a three year period from the grant date, split equally each year, and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements.
In light of the multiple earnings accretive acquisitions since IPO and the subsequent increase in total headcount, to ensure a broader number of employees are appropriately incentivised to deliver the Group's growth ambitions, the Remuneration Committee and Board of Directors have approved an increase in the Company's authority to grant LTIP awards from a maximum of 10% to 15% of the Company's issued share capital over a rolling five year period. This will enable the Company to increase the effectiveness of its M&A strategy by offering appropriate incentivisation packages to senior management of newly acquired operating entities, in addition to the ability to continue to grant LTIP awards to existing PPHC employees.
The resultant holdings of RSUs by Directors and PDMRs are set out below:
| Director / PDMR | No. of RSUs previously held | No. of RSUs granted | Resultant interest in RSUs | ||||
| Zachary Williams (Executive Director) | 26,666 | 40,000 | 66,666 | ||||
| Johnson Green (PDMR) | 66,666 | 50,000 | 116,666 | ||||
| Jeffrey Forbes (PDMR) | 83,333 | 75,000 | 158,333 | ||||
| Daniel Tate (PDMR) | 50,000 | 55,000 | 105,000 | ||||
| Mathew Lapinski (PDMR) | 66,666 | 50,000 | 116,666 | ||||
| Rhoderick M. Shaw (PDMR) | 66,666 | 93,000 | 159,666 | ||||
| Lawrence Spivey (PDMR) | 66,666 | 93,000 | 159,666 | ||||
| Keenan Austin (Executive Director) | 0 | 93,000 | 93,000 | ||||
| G. Stewart Hall (Executive Director) | 100,000 | 100,000 | 200,000 | ||||
| Roeland Smits (executive Director) | 100,000 | 80,000 | 180,000 | ||||
| Jill Kendrick (PDMR) | 100,000 | 80,000 | 180,000 | ||||
| Neal Strum (PDMR) | 100,000 | 80,000 | 180,000 | ||||
| Thomas Gensemer (PDMR) | 100,000 | 80,000 | 180,000 | ||||
| Ronald Starzman (PDMR) | 50,000 | 80,000 | 130,000 | ||||
| Paula Thrasher (PDMR) | 25,000 | 25,000 | 50,000 | ||||
| a) | Name: | Zachary Williams | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | Executive Director | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 40,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Johnson Green | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 100,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Jeffrey Forbes | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 75,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Daniel Tate, Jr. | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 55,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Mathew Lapinski | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 50,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Lawrence Spivey | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 93,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Rhoderick Shaw | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 93,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Keenan Austin | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 93,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | G. Stewart Hall | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | Executive Director and Chief Executive Officer | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 100,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Roeland Smits | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | Executive Director and Chief Financial Officer | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 80,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Jill Kendrick | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | Chief Operating Officer | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 80,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Neal Strum | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 80,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Thomas Gensemer | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 80,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Ronald Starzman | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 80,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
| a) | Name: | Paula Thrasher | |||||
| 2 | Reason for the notification | ||||||
| b) | Position/Status: | PDMR | |||||
| c) | Initial notification/Amendment: | Initial notification | |||||
| d) | Name: | Public Policy Holding Company, Inc. | |||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | |||||
| f) | Description of the financial instrument, type of Identification Code | Common shares of $0.001 par value ISIN: US7444301094 | |||||
| g) | Nature of the transaction: | Award of Restricted Stock Units under Omnibus Plan scheme | |||||
| h) | Price(s) and volume(s): |
Total 25,000 | |||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | |||||
| j) | Date of the transaction: | 26 June 2024 | |||||
| k) | Place of the transaction: | Off market transaction |
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