Premier Foods Announces Director Shareholding Changes
Why we think this is neutral
This RNS announcement provides details of director and PDMR shareholding changes at Premier Foods, which is a routine regulatory disclosure. It does not contain any information about the company's trading performance, financial results, or other significant business developments that would warrant a more positive or negative sentiment score.
Key Points
- Grant of deferred bonus awards to CEO Alex Whitehouse (143,501 shares) and CFO Duncan Leggett (74,364 shares)
- Grant of long-term incentive plan awards to executive directors and other senior leaders, with the number of shares ranging from 118,725 to 598,455
- Awards will vest on the third anniversary of the grant date, subject to continued employment and performance conditions
Summary
Premier Foods plc has announced changes to the shareholdings of its executive directors and other members of the Executive Leadership Team. This includes the grant of deferred bonus awards and long-term incentive plan awards, which are part of the company's shareholder-approved Remuneration Policy. The awards are structured as nil-cost options and will vest subject to continued employment and the achievement of performance conditions.