Severn Trent Announces Director and PDMR Share Awards
Why we think this is neutral
This RNS announcement is related to the granting of deferred share awards to directors and PDMRs of Severn Trent Plc under the company's annual bonus scheme. As this is a routine regulatory announcement and does not contain any financial or operational updates, the sentiment is considered neutral.
Key Points
- Deferred share awards granted to directors and PDMRs under the Severn Trent Annual Bonus Scheme
- Awards will vest on the third anniversary of grant, subject to continued employment
- No consideration paid for the awards and no payment due on release of shares
Summary
The water utility company has granted deferred share awards to its directors and senior managers as part of the annual bonus scheme.
Severn Trent Plc has announced the granting of deferred share awards to its directors and Persons Discharging Managerial Responsibilities (PDMRs) under the company's annual bonus scheme. The awards will vest on the third anniversary of the grant, subject to continued employment. No consideration was paid for the awards, and no payment is due on the release of any shares.
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