Director/PDMR Shareholding
Vesuvius plc announced the grant of 2026 Long Term Incentive Share Awards on April 13, 2026, to persons discharging managerial responsibilities. Patrick André, Chief Executive, received an award of up to 390,051 shares with an aggregated value of £1,588,600, while Mark Collis, Chief Financial Officer, was granted up to 175,972 shares valued at £716,699. These awards are subject to performance conditions including total shareholder return, post-tax ROIC, and ESG targets, and have a holding period until the fifth anniversary of the grant date. The share price used for valuation was 407.28 pence.
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Grant of 2026 Long Term Incentive Share Awards
Vesuvius plc (the "Company") announces that on 13 April 2026, performance share awards (the "Awards") were granted over the Company's ordinary shares ("Shares") under the Vesuvius Share Plan in accordance with the Company's Remuneration Policy :
| PDMR Name | Maximum number of Shares under Award ("Award Shares") 1 |
|---|---|
| Patrick André | 390,051 |
| Mark Collis | 175,972 |
The performance conditions applicable to the 2026 Awards will be based 40% on total shareholder return (TSR) performance, 40% on post-tax ROIC (ROIC) achievement and 20% on Environmental, Social and Governance (ESG) targets, as described in the Company's 2025 Annual Report.
The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.
The 2026 Awards are subject to a holding period which will run until the fifth anniversary of the grant date.
The Share price used to determine the number of Shares under awards was 407.28 pence being the average of the middle market quotation at close of business over the 30 days ending on Sunday 12 April 2026.
The Vesuvius Share Plan was approved by shareholders at the Annual General Meeting on 18 May 2022 and was amended at the Annual General Meeting on 18 May 2023.
Name of contact and telephone number for queries:
| Henry Knowles, General Counsel and Company Secretary | +44 (0) 20 7822 0000 | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Patrick André |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Vesuvius plc |
| b) | LEI | 213800ORZ521W585SY02 |
| a) | Description of the financial instrument, type of instrument | Performance share award over Vesuvius plc 10 pence ordinary shares |
| Identification code | ISIN: GB00B82YXW83 | |
| b) | Nature of the transaction | Grant of performance share award under the Vesuvius Share Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 390,051 | |
| d) | Aggregated information | |
| - Aggregated volume | 390,051 | |
| - Aggregated Price | nil | |
| - Aggregated Total | £1,588,600 | |
| e) | Date of the transaction | 13 April 2026 |
| f) | Place of the transaction | London - outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Mark Collis |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Vesuvius plc |
| b) | LEI | 213800ORZ521W585SY02 |
| a) | Description of the financial instrument, type of instrument | Performance share award over Vesuvius plc 10 pence ordinary shares |
| Identification code | ISIN: GB00B82YXW83 | |
| b) | Nature of the transaction | Grant of performance share award under the Vesuvius Share Plan |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 175,972 | |
| d) | Aggregated information | |
| - Aggregated volume | 175,972 | |
| - Aggregated Price | nil | |
| - Aggregated Total | £716,699 | |
| e) | Date of the transaction | 13 April 2026 |
| f) | Place of the transaction | London - outside a trading venue |
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.