Shareholdings of directors and persons discharging managerial responsibility (PDMR) / Key Management Personnel (KMP)
22 February 2021
As part of its dual listed company structure, Rio Tinto notifies dealings in Rio Tinto plc and Rio Tinto Limited securities by PDMRs/KMPs to both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE).
Rio Tinto Performance Share Plan 2013 ("PSP")
The PSP is a performance based share plan which provides participants with the conditional right (known as a Performance Share Award or PSA) to receive Rio Tinto plc or Rio Tinto Limited shares, subject to performance conditions being met.
The PSA granted in 2016 is subject to two performance conditions. Two thirds of the award is subject to Total Shareholder Return (TSR) performance and the remaining third to an Earnings based measure of Relative EBIT Margin. The TSR part of the award vested on 18 February 2021. The remaining third of the PSA granted in 2016 will vest on 31 May 2021 once the relative EBIT margin performance has been established.
On 18 February 2021, the following PDMRs received their vested PSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions.
| Security | Name of PDMR/KMP | Conditional Award Granted | TSR Vest Portion | No: of Shares Lapsed | No: of Shares Vested* | No: of Shares Sold | Price per Share | No: of Shares Retained | Date of Transaction |
| Rio Tinto plc shares | Baatar, Bold | 17,270 | 11,514 | 0 | 13,840 | 5,744 | GBP 62.61083 | 8,096 | 18/02/2021 |
| Rio Tinto plc shares | Barrios, Alfredo | 73,140
| 48,761
| 0 | 58,613
| 31,192
| GBP 62.61083 | 27,421
| 18/02/2021 |
| Rio Tinto plc shares | Cunningham, Peter | 13,320
| 8,881
| 0 | 10,675
| 5,009
| GBP 62.61083 | 5,666
| 18/02/2021 |
| Rio Tinto Limited shares | Soirat, Arnaud | 20,230
| 13,487
| 0 | 15,960
| 7,527
| AUD 127.40 | 8,433
| 18/02/2021 |
| Rio Tinto plc shares | Toth, Peter | 14,808
| 9,873
| 0 | 11,867
| 5,569
| GBP 62.61083 | 6,298
| 18/02/2021 |
| Rio Tinto Limited shares | Trott, Simon | 9,412
| 6,275
| 0 | 7,425
| 0 | N/A | 7,425
| 18/02/2021 |
| Rio Tinto Limited shares | Vella, Ivan | 3,072
| 2,049
| 0 | 2,424
| 0 | N/A | 2,424
| 18/02/2021 |
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
Management Share Awards ("MSA") granted under the Rio Tinto 2018 Equity Incentive Plan
The MSA provides participants with a conditional right to receive Rio Tinto plc or Rio Tinto Limited shares, subject to continuous employment.
On 18 February 2021, the following PDMRs received their vested MSA in the form of shares, of which sufficient were sold to pay applicable withholding tax and other deductions. All MSA included in this announcement were granted prior to the PDMR/KMP becoming a member of the Executive Committee.
| Security | Name of PDMR/KMP | Conditional Award Granted | No: of Shares Vested* | No: of Shares Sold | Price per Share | No: of Shares Retained | Date of Transaction |
| Rio Tinto plc shares | Cunningham, Peter | 3,614
| 4,138
| 1,944
| GBP 62.61083 | 2,194
| 18/02/2021 |
| Rio Tinto plc shares | Toth, Peter | 3,991
| 4,570
| 2,147
| GBP 62.61083 | 2,423
| 18/02/2021 |
| Rio Tinto Limited shares | Vella, Ivan | 3,344
| 3,794
| 0 | N/A | 3,794
| 18/02/2021 |
*The number of shares vested includes additional shares calculated to reflect dividends declared during the vesting period.
FCA notifications in accordance with the EU Market Abuse Regulation have been issued to the London Stock Exchange contemporaneously with this release.
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1. Information disclosed under article 19 of the Market Abuse Regulation.
This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary.
| Steve Allen Group Company Secretary
| Tim Paine Joint Company Secretary |
| Rio Tinto plc 6 St James's Square London SW1Y 4AD United Kingdom
T +44 20 7781 2000 No. 719885
| Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia
T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 |
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