Weir Group PDMRs Receive Vested Shares
Why we think this is neutral
This RNS announcement details the vesting and sale of shares by PDMRs of The Weir Group PLC. While it provides information on the transactions, it does not contain any of the mandatory news types that would require a more detailed analysis.
Key Points
- Restricted share awards granted in 2022 vested on 11 April 2025
- Vested shares, including dividend equivalents, were released to PDMRs
- PDMRs sold a portion of the vested shares to cover tax liabilities
- Remaining vested shares are subject to a further two-year retention period
Summary
The Weir Group PLC has announced the vesting of restricted share awards for its PDMRs, with a portion of the shares sold to cover tax liabilities.
The Weir Group PLC has announced the vesting of restricted share awards granted in 2022 under The Weir Group Share Reward Plan for its PDMRs. The vested shares, along with additional shares in respect of dividend equivalent payments, were released to the PDMRs on 11th and 15th April 2025. A portion of the shares acquired by each PDMR was then sold automatically to cover their tax liability, with the remaining vested shares subject to a further retention period of two years.
DIRECTOR DEALINGS