easyJet plc (EZJ)
12-Dec-2024 / 17:00 GMT/BST
easyJet plc (the “Company”) Director/PDMR shareholding 12 December 2024 The Company announces the following PDMRs have deferred a portion of their annual bonus into shares and have therefore been granted awards under the Deferred Share Bonus Plan (“DSBP”) on 12 December 2024 as set out below (the “DSBP Awards”). | PDMR | Number of shares subject to Award | | Johan Lundgren | 78,639 | | Kenton Jarvis | 48,519 | | Robert Birge | 15,041 | | Sophie Dekkers | 22,497 | | Thomas Haagensen | 13,087 | | Rebecca Mills | 12,309 | | David Morgan | 17,614 | | Garry Wilson | 24,651 |
Each of the DSBP Awards are in the form of a nil-cost option other than awards for Robert Birge which are granted as conditional awards, and no monetary consideration was paid for the DSBP Awards. The DSBP awards shall ordinarily vest and become exercisable on the third anniversary of their grant date, subject to the grantee's continued employment. The Company announces that the following PDMRs have been granted awards under the Restricted Share Plan (“RSP”) on 12 December 2024 as set out below (the “RSP Awards”). | PDMR | Number of shares subject to Award | | Kenton Jarvis | 99,064 | | Robert Birge | 57,142 | | Sophie Dekkers | 76,550 | | Thomas Haagensen | 49,718 | | Rebecca Mills | 49,761 | | David Morgan | 65,812 | | Garry Wilson | 88,326 |
Each of the RSP Awards are in the form of a nil-cost option, other than awards for Robert Birge which are granted as conditional awards, and no monetary consideration was paid for the RSP Awards. The RSP Awards will typically vest and become exercisable on the third anniversary of their grant date subject to the performance underpins set out in the 2024 Annual Report and Accounts. RSP Awards to Kenton Jarvis will be subject to a two-year post-vesting holding period. The award to Kenton Jarvis is based on his current opportunity under the Company’s Remuneration Policy as CFO. A further grant will be made shortly after he has commenced the CEO role to reflect his revised RSP opportunity, as set out in the 2024 Annual Report. Further details relating to the RSP and DSBP can be found in the 2024 Annual Report and Accounts which are available on the Company's website. The Company announces the following transactions by PDMRs as set out below: | Name | Transaction | Vesting date | Number of shares vesting | Number of shares sold to cover tax liabilities* | Number of shares retained | | Robert Birge | Vesting of nil cost conditional RSP Awards | 12.12.2024 | 81,473 | 38,389 | 43,084 |
* The shares were sold at a price of £5.88 on 12 December 2024. For further details please contact easyJet plc: | Institutional investors and analysts: | | Adrian Talbot | Investor Relations | +44 (0)7971 592 373 | | | | | | Media: | | Anna Knowles | Corporate Communications | +44 (0)7985 873 313 | | Harry Cameron | Teneo | +44 (0)20 7353 4200 | | Olivia Peters | Teneo | +44 (0)20 7353 4200 |
LEI: 2138001S47XKWIB7TH90 The notifications below are made in accordance with the requirements of the Market Abuse Regulations. | 1. | Details of the person discharging managerial responsibilities/ person closely associated | | a) | Name | Johan Lundgren | | 2. | Reason for the notification | | a) | Position/status | Chief Executive Officer | | b) | Initial notification/ Amendment | Initial notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | easyJet plc | | b) | LEI | 2138001S47XKWIB7TH90 | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. | | c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 78,639 |
| | d) | Aggregated information Aggregated volume Price | Aggregated volume: 78,639 GBP: Nil | | e) | Date of the transaction | 2024-12-12 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | | a) | Name | Kenton Jarvis | | 2. | Reason for the notification | | a) | Position/status | Chief Financial Officer | | b) | Initial notification/ Amendment | Initial notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | easyJet plc | | b) | LEI | 2138001S47XKWIB7TH90 | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Grant of nil-cost options under the easyJet Deferred Share Bonus Plan. | | c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 48,519 |
| | d) | Aggregated information Aggregated volume Price | Aggregated volume: 48,519 GBP: Nil | | e) | Date of the transaction | 2024-12-12 | | f) | Place of the transaction | Outside a trading venue | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Grant of nil-cost options under the easyJet Restricted Share Plan. | | c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 99,064 |
| | d) | Aggregated information Aggregated volume Price | Aggregated volume: 99,064 GBP: Nil | | e) | Date of the transaction | 2024-12-12 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | | a) | Name | Robert Birge | | 2. | Reason for the notification | | a) | Position/status | Chief Customer and Marketing Officer | | b) | Initial notification/ Amendment | Initial notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | easyJet plc | | b) | LEI | 2138001S47XKWIB7TH90 | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Grant of conditional awards under the easyJet Deferred Share Bonus Plan. | | c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 15,041 |
| | d) | Aggregated information Aggregated volume Price | Aggregated volume: 15,041 GBP: Nil | | e) | Date of the transaction | 2024-12-12 | | f) | Place of the transaction | Outside a trading venue | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Grant of conditional awards under the easyJet Restricted Share Plan at nil cost. | | c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | Nil | 57,142 |
| | d) | Aggregated information Aggregated volume Price | Aggregated volume: 57,142 GBP: Nil | | e) | Date of the transaction | 2024-12-12 | | f) | Place of the transaction | Outside a trading venue | | 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | | a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 27 2/7p ISIN: GB00B7KR2P84 | | b) | Nature of the transaction | Vesting of conditional awards under the Restricted Share Plan at nil cost | | c) | Price(s) and volume(s) | |
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