REG - BP PLC - Director/PDMR Shareholding

BPAnnouncement

08/05/2024 10:00

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RNS Number : 4720N  BP PLC  08 May 2024

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility
or connected persons

EDIP deferred shares 2023 award

BP p.l.c. (the "Company") announces that on 7 May 2024 the following
conditional share award (the "Award") was made to the chief executive officer
under the bp Executive Directors' Incentive Plan (the "Plan").  The Award was
made in accordance with the rules of the Plan and the 2023 directors'
remuneration policy (the "Policy") and as provided for in the 2023 directors'
remuneration report (the "Report"), which were approved by shareholders on 27
April 2023 and 25 April 2024 respectively.

Level of award

The Award represents thirty-three per cent of the 2023 annual bonus which is
required to be deferred into ordinary shares. In calculating the number of bp
shares over which this Award has been made, the Remuneration Committee has
applied the average price of bp shares over the 90 calendar days up to and
including the annual general meeting that was held on 25 April 2024 (£4.89).

Number of shares subject to award

 Name                Award
 Murray Auchincloss  124,128 ordinary shares

 

This award will vest in three years in accordance with the rules of the Plan.
The chief executive officer will be entitled to the value of reinvested
dividends on those ordinary shares which vest.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Murray Auchincloss
 2   Reason for the notification
 a)  Position/status                                              Chief executive officer / Director
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                          BP p.l.c.
 b)  LEI                                                          213800LH1BZH3DI6G760
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of $0.25

     Identification code                                          GB0007980591
 b)  Nature of the transaction                                    124,128 conditional share units (in the form of ordinary shares) awarded under
                                                                  the bp Executive Directors' Incentive Plan.
 c)  Price(s) and volume(s)

Price(s)           Volume(s)
                                                                  Nil consideration  124,128
 d)  Aggregated information

     -      Volume                                                124,128

     -      Price                                                 Nil consideration. Market value £4.89

     -      Total                                                 Nil consideration. Market value £606,985.92
 e)  Date of the transaction                                      7 May 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

124,128

 

Nil consideration. Market value £4.89

 

Nil consideration. Market value £606,985.92

e)

Date of the transaction

7 May 2024

f)

Place of the transaction

Outside a trading venue

 

This notice is given in fulfilment of the obligation under Article 19 of the
Market Abuse Regulation.

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