The Weir Group Announces Director Share Transactions
Why we think this is neutral
This RNS announcement is related to the vesting and sale of shares by Weir Group directors, which is a routine corporate action and does not contain any significant news that would impact the company's performance or outlook.
Key Points
- Deferred bonus awards vested on 11 April 2025
- Shares released to PDMRs, including dividend equivalent shares
- Portion of shares sold to cover tax liability
Summary
The industrial engineering company has announced the vesting and sale of shares by its senior management team.
The Weir Group PLC has announced the vesting of deferred bonus awards over ordinary shares in the company that were made in 2022 under The Weir Group Share Reward Plan. The awards vested on 11 April 2025 and were subsequently released to the listed PDMRs, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by each of the PDMRs was then sold automatically to cover their tax liability.
DIRECTOR DEALINGS